Trifecta Capital Advisors LLC Makes New $34,000 Investment in Macy’s, Inc. (NYSE:M)

Trifecta Capital Advisors LLC acquired a new position in shares of Macy’s, Inc. (NYSE:M) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 2,000 shares of the company’s stock, valued at approximately $34,000.

Other large investors have also made changes to their positions in the company. Pacer Advisors Inc. lifted its position in Macy’s by 2.4% in the fourth quarter. Pacer Advisors Inc. now owns 41,345 shares of the company’s stock worth $700,000 after purchasing an additional 960 shares during the period. Impact Partnership Wealth LLC lifted its holdings in shares of Macy’s by 7.9% during the 4th quarter. Impact Partnership Wealth LLC now owns 16,871 shares of the company’s stock worth $286,000 after acquiring an additional 1,229 shares during the period. KBC Group NV lifted its holdings in shares of Macy’s by 19.9% during the 3rd quarter. KBC Group NV now owns 7,952 shares of the company’s stock worth $125,000 after acquiring an additional 1,319 shares during the period. Venturi Wealth Management LLC boosted its position in shares of Macy’s by 282.7% during the 3rd quarter. Venturi Wealth Management LLC now owns 2,281 shares of the company’s stock valued at $36,000 after acquiring an additional 1,685 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its stake in Macy’s by 8.7% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 23,399 shares of the company’s stock valued at $367,000 after acquiring an additional 1,866 shares during the period. Institutional investors and hedge funds own 87.36% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on M. Telsey Advisory Group reaffirmed a “market perform” rating and set a $17.00 price objective on shares of Macy’s in a report on Tuesday, January 14th. Gordon Haskett downgraded Macy’s from a “buy” rating to an “accumulate” rating in a research report on Thursday, February 13th. StockNews.com upgraded Macy’s from a “hold” rating to a “buy” rating in a research report on Friday, February 14th. JPMorgan Chase & Co. cut their price objective on Macy’s from $21.00 to $20.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. Finally, UBS Group reduced their target price on shares of Macy’s from $10.00 to $9.00 and set a “sell” rating on the stock in a research note on Thursday, December 12th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $17.75.

Macy’s Stock Performance

Shares of NYSE:M opened at $15.00 on Tuesday. The business has a fifty day moving average of $15.53 and a 200-day moving average of $15.62. 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 twelve month low of $13.66 and a twelve month high of $22.10. The firm has a market cap of $4.16 billion, a PE ratio of 25.42 and a beta of 2.05.

Macy’s (NYSE:M) last posted its quarterly earnings data on Wednesday, December 11th. The company reported $0.04 earnings per share 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 analyst estimates of $4.74 billion. During the same quarter in the previous year, the business posted $0.21 EPS. The company’s revenue was down 2.4% compared to the same quarter last year. On average, equities research analysts predict that Macy’s, Inc. will post 2.39 EPS for the current fiscal year.

Macy’s 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.