Nisa Investment Advisors LLC Has $137,000 Stock Position in Macy’s, Inc. (NYSE:M)

Nisa Investment Advisors LLC cut its position in Macy’s, Inc. (NYSE:MFree Report) by 66.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,992 shares of the company’s stock after selling 15,813 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Macy’s were worth $137,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of M. Charles Schwab Investment Management Inc. lifted its position in Macy’s by 4.7% during the 3rd 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 stake in shares of Macy’s by 4.4% in the third quarter. FMR LLC now owns 4,691,591 shares of the company’s stock worth $73,611,000 after purchasing an additional 195,880 shares during the period. Virtu Financial LLC acquired a new position in shares of Macy’s during the 3rd quarter worth about $594,000. HB Wealth Management LLC boosted its stake in 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 purchasing an additional 91,015 shares during the period. Finally, Alerus Financial NA bought a new stake in Macy’s during the 3rd quarter valued at approximately $2,144,000. 87.36% of the stock is currently owned by institutional investors and hedge funds.

Macy’s Price Performance

NYSE:M opened at $15.76 on Friday. The company has a market capitalization of $4.37 billion, a price-to-earnings ratio of 26.70 and a beta of 2.07. The company has a 50-day moving average of $16.00 and a 200-day moving average of $15.80. Macy’s, Inc. has a 52 week low of $13.66 and a 52 week high of $22.10. 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 (NYSE:MGet Free Report) last released 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). Macy’s had a net margin of 0.73% and a return on equity of 21.99%. The company 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 firm posted $0.21 earnings per share. The firm’s revenue for the quarter was down 2.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Macy’s, Inc. will post 2.39 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

M has been the topic of several recent analyst reports. JPMorgan Chase & Co. dropped their price target 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. StockNews.com raised shares of Macy’s from a “hold” rating to a “buy” rating in a research report on Tuesday, January 14th. Argus raised shares of Macy’s to a “hold” rating in a report on Thursday, October 10th. UBS Group decreased their price target on shares of Macy’s from $10.00 to $9.00 and set a “sell” rating on the stock in a research report on Thursday, December 12th. Finally, Morgan Stanley cut 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. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Macy’s has a consensus rating of “Hold” and an average price target of $17.78.

Check Out Our Latest Research Report on M

Macy’s Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Macy's (NYSE:M)

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