Aperio Group LLC Has $5.07 Million Stake in Macy's Inc (M)

Aperio Group LLC raised its stake in shares of Macy's Inc (NYSE:M) by 9.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 201,224 shares of the company’s stock after acquiring an additional 17,616 shares during the quarter. Aperio Group LLC’s holdings in Macy's were worth $5,069,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Cerebellum GP LLC bought a new position in Macy's during the 4th quarter valued at $127,000. Enterprise Financial Services Corp boosted its stake in Macy's by 102.4% during the 4th quarter. Enterprise Financial Services Corp now owns 5,348 shares of the company’s stock valued at $135,000 after acquiring an additional 2,706 shares during the last quarter. Kistler Tiffany Companies LLC bought a new position in Macy's during the 3rd quarter valued at $148,000. IFP Advisors Inc boosted its stake in Macy's by 62.9% during the 3rd quarter. IFP Advisors Inc now owns 7,981 shares of the company’s stock valued at $174,000 after acquiring an additional 3,083 shares during the last quarter. Finally, Bristol Advisors LLC bought a new position in Macy's during the 4th quarter valued at $224,000. Hedge funds and other institutional investors own 81.99% of the company’s stock.

Macy's Inc (NYSE:M) opened at $25.64 on Thursday. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.29 and a quick ratio of 0.19. Macy's Inc has a 52-week low of $17.41 and a 52-week high of $33.73. The stock has a market cap of $7,810.00, a PE ratio of 11.30, a PEG ratio of 1.02 and a beta of 0.98.

A number of research firms have commented on M. Zacks Investment Research upgraded shares of Macy's from a “hold” rating to a “buy” rating and set a $28.00 price objective on the stock in a research note on Wednesday, January 10th. BMO Capital Markets set a $38.00 price objective on shares of Macy's and gave the company a “buy” rating in a research note on Friday, January 5th. OTR Global upgraded shares of Macy's to a “sell” rating in a research note on Monday, December 18th. ValuEngine downgraded shares of Macy's from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Finally, Telsey Advisory Group increased their price objective on shares of Macy's from $25.00 to $28.00 and gave the company a “market perform” rating in a research note on Thursday, December 28th. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $26.07.

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About Macy's

Macy’s, Inc is an omnichannel retail company operating stores, Websites and mobile applications under various brands, such as Macy’s, Bloomingdale’s and Bluemercury. The Company sells a range of merchandise, including apparel and accessories (men’s, women’s and children’s), cosmetics, home furnishings and other consumer goods.

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

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