DGS Capital Management LLC Sells 1,510 Shares of Macy’s, Inc. (NYSE:M)

DGS Capital Management LLC lessened its stake in shares of Macy’s, Inc. (NYSE:M) by 8.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,233 shares of the company’s stock after selling 1,510 shares during the period. DGS Capital Management LLC’s holdings in Macy’s were worth $275,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. Impact Partnership Wealth LLC lifted its position in shares of Macy’s by 7.9% in the fourth quarter. Impact Partnership Wealth LLC now owns 16,871 shares of the company’s stock worth $286,000 after buying an additional 1,229 shares in the last quarter. SG Americas Securities LLC raised its holdings in shares of Macy’s by 1,076.9% during the 4th quarter. SG Americas Securities LLC now owns 178,778 shares of the company’s stock worth $3,027,000 after acquiring an additional 163,587 shares in the last quarter. HB Wealth Management LLC boosted its position in shares of Macy’s by 724.1% during the 4th quarter. HB Wealth Management LLC now owns 103,584 shares of the company’s stock valued at $1,754,000 after acquiring an additional 91,015 shares during the last quarter. Tompkins Financial Corp purchased a new position in shares of Macy’s in the fourth quarter valued at $102,000. Finally, Lind Value II ApS bought a new stake in Macy’s in the fourth quarter worth $6,733,000. Hedge funds and other institutional investors own 87.36% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on M shares. Gordon Haskett upgraded shares of Macy’s from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a research report on Monday, December 16th. Argus upgraded Macy’s to a “hold” rating in a research report on Thursday, October 10th. JPMorgan Chase & Co. decreased their price objective on Macy’s from $21.00 to $20.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th. Morgan Stanley dropped their target price on Macy’s from $17.00 to $16.00 and set an “equal weight” rating for the company in a report on Thursday, December 12th. Finally, Telsey Advisory Group restated a “market perform” rating and set a $17.00 price target on shares of Macy’s in a report on Tuesday, January 14th. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Macy’s has an average rating of “Hold” and a consensus target price of $17.78.

Macy’s Stock Up 2.0 %

NYSE:M opened at $15.34 on Friday. The company has a market cap of $4.26 billion, a price-to-earnings ratio of 25.99 and a beta of 2.07. Macy’s, Inc. has a twelve month low of $13.66 and a twelve month high of $22.10. The company has a current ratio of 1.26, a quick ratio of 0.17 and a debt-to-equity ratio of 0.67. The stock has a fifty day simple moving average of $15.96 and a 200-day simple moving average of $15.88.

Macy’s (NYSE:M) last announced its quarterly earnings data on Wednesday, December 11th. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.03). The company had revenue of $4.74 billion for the quarter, compared to the consensus estimate of $4.74 billion. Macy’s had a net margin of 0.73% and a return on equity of 21.99%. The company’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.21 EPS. Analysts anticipate that Macy’s, Inc. will post 2.39 EPS for the current year.

About Macy’s

Macy’s, Inc engages in the retail of apparel, accessories, cosmetics, home furnishings, and other consumer goods. The firm’s brands include Macy’s, Bloomingdale’s, and Bluemercury. It offers men’s, women’s, and children’s apparel, women’s accessories, intimate apparel, shoes, cosmetics, fragrances, as well as home and miscellaneous products.