New York State Teachers Retirement System Purchases 6,349 Shares of Macy’s, Inc. (NYSE:M)

New York State Teachers Retirement System boosted its position in shares of Macy’s, Inc. (NYSE:M) by 2.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 321,508 shares of the company’s stock after acquiring an additional 6,349 shares during the period. New York State Teachers Retirement System’s holdings in Macy’s were worth $5,443,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its stake in 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 valued at $41,765,000 after acquiring an additional 118,626 shares during the period. FMR LLC boosted its holdings in Macy’s by 4.4% during the third 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 in the last quarter. Virtu Financial LLC acquired a new stake in Macy’s during the third quarter valued at approximately $594,000. HB Wealth Management LLC boosted its holdings in Macy’s by 724.1% during the fourth 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 in the last quarter. Finally, Alerus Financial NA acquired a new stake in Macy’s during the third quarter valued at approximately $2,144,000. 87.36% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

M has been the topic of a number of recent research reports. Morgan Stanley decreased their price objective on Macy’s from $17.00 to $16.00 and set an “equal weight” rating on the stock in a report on Thursday, December 12th. 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. UBS Group decreased their price objective on Macy’s from $10.00 to $9.00 and set a “sell” rating on the stock in a report on Thursday, December 12th. Gordon Haskett downgraded Macy’s from a “buy” rating to an “accumulate” rating in a report on Thursday, February 13th. Finally, Benchmark raised Macy’s to a “strong-buy” rating in a report on Monday, February 3rd. One analyst has rated the stock with a sell rating, six have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $17.75.

Macy’s Stock Up 3.0 %

NYSE:M opened at $15.80 on Friday. The stock’s fifty day moving average price is $15.59 and its two-hundred day moving average price is $15.63. 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. The company has a market cap of $4.39 billion, a price-to-earnings ratio of 26.77 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 (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.03). The firm had revenue of $4.74 billion for the quarter, compared to analyst estimates of $4.74 billion. Macy’s had a return on equity of 21.99% and a net margin of 0.73%. The firm’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.21 EPS. On average, analysts anticipate that Macy’s, Inc. will post 2.39 EPS for the current 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.