Foster & Motley Inc. Makes New Investment in Macy's, Inc. (NYSE:M)

Foster & Motley Inc. purchased a new stake in shares of Macy's, Inc. (NYSE:M - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 16,358 shares of the company's stock, valued at approximately $277,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in M. Lebenthal Global Advisors LLC raised its stake in Macy's by 12.1% in the 4th quarter. Lebenthal Global Advisors LLC now owns 55,477 shares of the company's stock valued at $939,000 after acquiring an additional 5,967 shares during the period. Parsons Capital Management Inc. RI bought a new position in Macy's in the 4th quarter worth about $254,000. Pacer Advisors Inc. grew its holdings in Macy's by 2.4% during the 4th quarter. Pacer Advisors Inc. now owns 41,345 shares of the company's stock valued at $700,000 after buying an additional 960 shares in the last quarter. KBC Group NV grew its stake in Macy's by 47.4% during the fourth quarter. KBC Group NV now owns 11,718 shares of the company's stock valued at $198,000 after acquiring an additional 3,766 shares in the last quarter. Finally, Impact Partnership Wealth LLC lifted its stake in Macy's by 7.9% in the 4th quarter. Impact Partnership Wealth LLC now owns 16,871 shares of the company's stock worth $286,000 after purchasing an additional 1,229 shares in the last quarter. 87.36% of the stock is currently owned by hedge funds and other institutional investors.

Macy's Trading Down 1.5 %

M traded down $0.23 on Tuesday, hitting $15.01. 2,367,877 shares of the company were exchanged, compared to its average volume of 7,325,240. 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 firm has a fifty day simple moving average of $15.97 and a two-hundred day simple moving average of $15.77. The stock has a market capitalization of $4.17 billion, a PE ratio of 25.47 and a beta of 2.06. Macy's, Inc. has a 12 month low of $13.66 and a 12 month high of $22.10.

Macy's (NYSE:M - Get Free Report) last issued its earnings results on Wednesday, December 11th. The company reported $0.04 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 analysts' expectations 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 previous year, the firm earned $0.21 earnings per share. Sell-side analysts expect that Macy's, Inc. will post 2.39 earnings per share for the current year.

Wall Street Analysts Forecast Growth

M has been the topic of several research analyst reports. Morgan Stanley decreased their price target on shares of Macy's from $17.00 to $16.00 and set an "equal weight" rating on the stock in a report on Thursday, December 12th. JPMorgan Chase & Co. decreased their target price on Macy's from $21.00 to $20.00 and set an "overweight" rating on the stock in a research note on Wednesday, January 8th. Gordon Haskett upgraded Macy's from a "hold" rating to a "buy" rating and set a $20.00 price target for the company in a research report on Monday, December 16th. Guggenheim restated a "neutral" rating on shares of Macy's in a research report on Thursday, December 12th. Finally, Argus upgraded shares of Macy's to a "hold" rating in a research report on Thursday, October 10th. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Macy's presently has a consensus 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.