Y Intercept Hong Kong Ltd Has $1.12 Million Position in Macy’s, Inc. (NYSE:M)

Y Intercept Hong Kong Ltd increased its holdings in shares of Macy’s, Inc. (NYSE:M) by 231.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 66,098 shares of the company’s stock after buying an additional 46,156 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Macy’s were worth $1,119,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. raised its position in shares of Macy’s by 4.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,661,876 shares of the company’s stock worth $41,765,000 after acquiring an additional 118,626 shares during the last quarter. FMR LLC increased its position in Macy’s by 4.4% during the 3rd quarter. FMR LLC now owns 4,691,591 shares of the company’s stock valued at $73,611,000 after purchasing an additional 195,880 shares during the period. Virtu Financial LLC bought a new position in Macy’s during the 3rd quarter worth approximately $594,000. HB Wealth Management LLC raised its holdings in Macy’s by 724.1% during the 4th quarter. HB Wealth Management LLC now owns 103,584 shares of the company’s stock worth $1,754,000 after purchasing an additional 91,015 shares during the last quarter. Finally, Alerus Financial NA acquired a new position in shares of Macy’s in the 3rd quarter worth approximately $2,144,000. 87.36% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on M. Gordon Haskett downgraded shares of Macy’s from a “buy” rating to an “accumulate” rating in a research note on Thursday, February 13th. Guggenheim reiterated a “neutral” rating on shares of Macy’s in a report on Thursday, December 12th. StockNews.com raised Macy’s from a “hold” rating to a “buy” rating in a research note on Friday, February 14th. Morgan Stanley cut their target price on Macy’s from $17.00 to $16.00 and set an “equal weight” rating on the stock in a research report on Thursday, December 12th. Finally, JPMorgan Chase & Co. lowered their target price on Macy’s from $21.00 to $20.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $17.75.

Macy’s Stock Down 0.2 %

M stock opened at $14.53 on Thursday. The stock’s 50 day simple moving average is $15.46 and its 200 day simple moving average is $15.61. The company has a market cap of $4.03 billion, a P/E ratio of 24.63 and a beta of 2.05. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.17 and a current ratio of 1.26. Macy’s, Inc. has a fifty-two week low of $13.66 and a fifty-two week high of $22.10.

Macy’s (NYSE:M) last issued its earnings results 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). Macy’s had a return on equity of 21.99% and a net margin of 0.73%. The firm had revenue of $4.74 billion for the quarter, compared to analyst estimates of $4.74 billion. During the same period in the previous year, the company earned $0.21 earnings per share. Macy’s’s revenue for the quarter was down 2.4% compared to the same quarter last year. On average, research analysts expect that Macy’s, Inc. will post 2.39 earnings per share for the current fiscal year.

Macy’s Company Profile

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.