Trifecta Capital Advisors LLC Takes Position in Macy’s, Inc. (NYSE:M)

Trifecta Capital Advisors LLC purchased a new position in shares of Macy’s, Inc. (NYSE:M) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,000 shares of the company’s stock, valued at approximately $34,000.

Other large investors have also bought and sold shares of the company. Quest Partners LLC bought a new stake in shares of Macy’s in the 3rd quarter valued at about $35,000. Kestra Investment Management LLC acquired a new position in Macy’s during the fourth quarter valued at approximately $38,000. Venturi Wealth Management LLC increased its stake in Macy’s by 282.7% in the third quarter. Venturi Wealth Management LLC now owns 2,281 shares of the company’s stock valued at $36,000 after purchasing an additional 1,685 shares in the last quarter. Huntington National Bank raised its holdings in Macy’s by 937.4% in the third quarter. Huntington National Bank now owns 4,637 shares of the company’s stock worth $73,000 after purchasing an additional 4,190 shares during the period. Finally, Blue Trust Inc. boosted its position in shares of Macy’s by 619.1% during the third quarter. Blue Trust Inc. now owns 4,868 shares of the company’s stock worth $76,000 after purchasing an additional 4,191 shares in the last quarter. 87.36% of the stock is currently owned by institutional investors and hedge funds.

Macy’s Stock Performance

Shares of M stock opened at $15.00 on Tuesday. The company has a fifty day moving average price of $15.53 and a two-hundred day moving average price of $15.62. Macy’s, Inc. has a one year low of $13.66 and a one year high of $22.10. The stock has a market cap of $4.16 billion, a P/E ratio of 25.42 and a beta of 2.05. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.26 and a quick ratio of 0.17.

Macy’s (NYSE:M) last issued its earnings results on Wednesday, December 11th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.03). The firm had revenue of $4.74 billion during the quarter, compared to analyst estimates of $4.74 billion. Macy’s had a net margin of 0.73% and a return on equity of 21.99%. The company’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same quarter last year, the business posted $0.21 earnings per share. As a group, equities analysts predict that Macy’s, Inc. will post 2.39 EPS for the current year.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Morgan Stanley lowered their price objective on shares of Macy’s from $17.00 to $16.00 and set an “equal weight” rating for the company in a research report on Thursday, December 12th. Gordon Haskett lowered Macy’s from a “buy” rating to an “accumulate” rating in a research report on Thursday, February 13th. Benchmark upgraded Macy’s to a “strong-buy” rating in a report on Monday, February 3rd. UBS Group lowered their target price on Macy’s from $10.00 to $9.00 and set a “sell” rating for the company in a research note on Thursday, December 12th. Finally, StockNews.com upgraded shares of Macy’s from a “hold” rating to a “buy” rating in a report on Friday, February 14th. One research analyst has rated the stock with a sell rating, six have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $17.75.

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.