Entropy Technologies LP Invests $1.92 Million in Macy’s, Inc. (NYSE:M)

Entropy Technologies LP acquired a new stake in Macy’s, Inc. (NYSE:M) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 113,497 shares of the company’s stock, valued at approximately $1,922,000.

A number of other institutional investors also recently added to or reduced their stakes in M. Quest Partners LLC acquired a new stake in shares of Macy’s in the third quarter valued at about $35,000. Venturi Wealth Management LLC increased its holdings in Macy’s by 282.7% in the third quarter. Venturi Wealth Management LLC now owns 2,281 shares of the company’s stock valued at $36,000 after buying an additional 1,685 shares in the last quarter. Huntington National Bank increased its holdings in Macy’s by 937.4% in the third quarter. Huntington National Bank now owns 4,637 shares of the company’s stock valued at $73,000 after buying an additional 4,190 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Macy’s by 619.1% during the 3rd quarter. Blue Trust Inc. now owns 4,868 shares of the company’s stock valued at $76,000 after acquiring an additional 4,191 shares during the period. Finally, Tompkins Financial Corp purchased a new stake in shares of Macy’s during the 4th quarter worth approximately $102,000. Hedge funds and other institutional investors own 87.36% of the company’s stock.

Macy’s Trading Down 2.3 %

Shares of M opened at $14.27 on Monday. Macy’s, Inc. has a fifty-two week low of $13.66 and a fifty-two week high of $22.10. The stock has a fifty day moving average of $15.87 and a two-hundred day moving average of $15.72. 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 capitalization of $3.96 billion, a PE ratio of 24.18 and a beta of 2.05.

Macy’s (NYSE:M) last released its earnings results 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). The business had revenue of $4.74 billion for 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 business’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.21 earnings per share. As a group, analysts forecast that Macy’s, Inc. will post 2.39 EPS for the current year.

Wall Street Analysts Forecast Growth

M has been the subject of several research reports. Gordon Haskett raised Macy’s from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a report on Monday, December 16th. StockNews.com downgraded Macy’s from a “buy” rating to a “hold” rating in a research note on Thursday. Benchmark upgraded shares of Macy’s to a “strong-buy” rating in a research report on Monday, February 3rd. Guggenheim restated a “neutral” rating on shares of Macy’s in a report on Thursday, December 12th. Finally, Morgan Stanley reduced 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. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $17.75.

About Macy’s

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.