Fox Run Management L.L.C. Acquires New Holdings in Macy's, Inc. $M

Key Points

• Fox Run Management L.L.C. acquired 33,364 shares of Macy's, Inc., valued at approximately $419,000, highlighting increased institutional investment in the company.
• Macy's recent earnings report showed $0.16 earnings per share, slightly exceeding estimates, but a 5.1% revenue decrease compared to the previous year.
• Analysts have mixed views on Macy's stock, with a consensus rating of "Hold" and an average target price of $13.22.

Fox Run Management L.L.C. acquired a new position in Macy's, Inc. (NYSE:M - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 33,364 shares of the company's stock, valued at approximately $419,000.

Several other large investors also recently made changes to their positions in M. Headlands Technologies LLC bought a new stake in shares of Macy's in the 1st quarter worth approximately $29,000. Raiffeisen Bank International AG acquired a new position in Macy's in the fourth quarter valued at about $111,000. Versant Capital Management Inc grew its stake in Macy's by 343.4% in the first quarter. Versant Capital Management Inc now owns 9,449 shares of the company's stock valued at $119,000 after acquiring an additional 7,318 shares during the period. Forum Financial Management LP bought a new stake in shares of Macy's in the fourth quarter valued at about $177,000. Finally, Kingswood Wealth Advisors LLC bought a new stake in Macy's during the first quarter worth about $142,000. Institutional investors own 87.36% of the company's stock.

Analyst Ratings Changes

M has been the subject of several recent analyst reports. Citigroup restated a "neutral" rating and set a $12.00 target price (up from $11.00) on shares of Macy's in a research note on Thursday, May 29th. Morgan Stanley reaffirmed a "negative" rating on shares of Macy's in a report on Tuesday, May 6th. Telsey Advisory Group reduced their price target on shares of Macy's from $15.00 to $14.00 and set a "market perform" rating for the company in a research report on Thursday, May 29th. Barclays began coverage on shares of Macy's in a research note on Monday, April 28th. They issued a "cautious" rating and a $12.00 price target for the company. Finally, JPMorgan Chase & Co. increased their price target on shares of Macy's from $12.00 to $16.00 and gave the company a "neutral" rating in a report on Monday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $13.22.

Macy's Price Performance

Shares of NYSE M traded up $0.0450 during mid-day trading on Thursday, reaching $12.9250. The company's stock had a trading volume of 4,839,710 shares, compared to its average volume of 6,658,720. The stock has a 50-day moving average of $12.25 and a two-hundred day moving average of $12.54. The stock has a market capitalization of $3.51 billion, a P/E ratio of 6.56 and a beta of 1.79. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.37 and a current ratio of 1.43. Macy's, Inc. has a 1-year low of $9.76 and a 1-year high of $18.13.

Macy's (NYSE:M - Get Free Report) last released its quarterly earnings data on Wednesday, May 28th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.01. Macy's had a net margin of 2.45% and a return on equity of 16.34%. The firm had revenue of $4.60 billion during the quarter, compared to analysts' expectations of $4.38 billion. During the same period last year, the business earned $0.27 earnings per share. Macy's's revenue was down 5.1% compared to the same quarter last year. Macy's has set its FY 2025 guidance at 1.600-2.000 EPS. On average, equities research analysts anticipate 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.