Macy’s (NYSE:M) Lowered to Hold Rating by StockNews.com

Macy’s (NYSE:M) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Friday.

Other equities analysts have also recently issued research reports about the company. UBS Group decreased their price target on Macy’s from $10.00 to $9.00 and set a “sell” rating for the company in a report on Thursday. Morgan Stanley decreased their target price on shares of Macy’s from $17.00 to $16.00 and set an “equal weight” rating for the company in a research note on Thursday. Argus raised shares of Macy’s to a “hold” rating in a research note on Thursday, October 10th. Guggenheim reissued a “neutral” rating on shares of Macy’s in a research report on Thursday. Finally, Telsey Advisory Group restated a “market perform” rating and set a $17.00 target price on shares of Macy’s in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $18.38.

Macy’s Stock Performance

Shares of M stock opened at $16.56 on Friday. The company has a current ratio of 1.26, a quick ratio of 0.34 and a debt-to-equity ratio of 0.67. The company has a market cap of $4.59 billion, a PE ratio of 28.07 and a beta of 2.10. The company’s fifty day simple moving average is $15.79 and its 200-day simple moving average is $16.48. Macy’s has a 52 week low of $14.06 and a 52 week high of $22.10.

Macy’s (NYSE:M) last released its quarterly earnings data on Wednesday, December 11th. The company reported $0.04 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts’ expectations of $4.74 billion. During the same period last year, the business earned $0.21 earnings per share. The company’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 will post 2.38 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of M. CWM LLC raised its position in shares of Macy’s by 7.7% during the 2nd quarter. CWM LLC now owns 8,398 shares of the company’s stock valued at $161,000 after acquiring an additional 598 shares in the last quarter. SummerHaven Investment Management LLC boosted its holdings in Macy’s by 1.7% in the second quarter. SummerHaven Investment Management LLC now owns 44,321 shares of the company’s stock worth $851,000 after purchasing an additional 761 shares during the period. United Services Automobile Association increased its stake in Macy’s by 4.8% during the second quarter. United Services Automobile Association now owns 22,038 shares of the company’s stock valued at $423,000 after purchasing an additional 1,012 shares during the last quarter. Federated Hermes Inc. raised its holdings in shares of Macy’s by 2.5% during the second quarter. Federated Hermes Inc. now owns 44,337 shares of the company’s stock worth $851,000 after purchasing an additional 1,095 shares during the period. Finally, Affinity Capital Advisors LLC raised its holdings in shares of Macy’s by 11.5% during the third quarter. Affinity Capital Advisors LLC now owns 12,116 shares of the company’s stock worth $190,000 after purchasing an additional 1,248 shares during the period. Institutional investors own 87.36% of the company’s stock.

About Macy’s

Macy's, Inc, an omni-channel retail organization, operates stores, websites, and mobile applications in the United States. The company sells a range of merchandise, such as apparel and accessories for men, women, and kids; cosmetics; home furnishings; and other consumer goods under the Macy's, Bloomingdale's, and bluemercury brands.