Country Club Trust Company n.a. Has $2.69 Million Position in Macy's Inc (NYSE:M)

Country Club Trust Company n.a. lessened its holdings in shares of Macy's Inc (NYSE:M) by 3.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 106,604 shares of the company’s stock after selling 4,019 shares during the period. Country Club Trust Company n.a.’s holdings in Macy's were worth $2,685,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Voya Investment Management LLC raised its stake in Macy's by 163.1% during the second quarter. Voya Investment Management LLC now owns 451,225 shares of the company’s stock worth $10,487,000 after buying an additional 279,720 shares during the last quarter. Douglas Lane & Associates LLC raised its stake in Macy's by 57.8% during the third quarter. Douglas Lane & Associates LLC now owns 2,243,096 shares of the company’s stock worth $48,944,000 after buying an additional 821,366 shares during the last quarter. Prudential Financial Inc. raised its stake in Macy's by 75.3% during the third quarter. Prudential Financial Inc. now owns 5,013,391 shares of the company’s stock worth $109,392,000 after buying an additional 2,153,110 shares during the last quarter. Benchmark Capital Advisors bought a new position in Macy's during the third quarter worth $1,335,000. Finally, Empirical Finance LLC bought a new position in Macy's during the third quarter worth $1,221,000. Institutional investors own 83.20% of the company’s stock.

Several research firms have weighed in on M. Royal Bank of Canada set a $26.00 price target on shares of Macy's and gave the company a “hold” rating in a research note on Friday, January 19th. Vetr downgraded shares of Macy's from a “strong-buy” rating to a “buy” rating and set a $28.05 price target for the company. in a research note on Tuesday, December 19th. Zacks Investment Research raised shares of Macy's from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a research report on Wednesday, January 10th. Telsey Advisory Group boosted their target price on shares of Macy's from $25.00 to $28.00 and gave the stock a “market perform” rating in a research report on Thursday, December 28th. Finally, ValuEngine downgraded shares of Macy's from a “buy” rating to a “hold” rating in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $26.07.

Macy's Inc (NYSE:M) traded down $0.73 on Friday, reaching $24.89. 10,722,319 shares of the company’s stock were exchanged, compared to its average volume of 10,780,000. The company has a current ratio of 1.29, a quick ratio of 0.19 and a debt-to-equity ratio of 1.49. The stock has a market capitalization of $7,580.00, a PE ratio of 10.96, a price-to-earnings-growth ratio of 1.05 and a beta of 0.98. Macy's Inc has a 52-week low of $17.41 and a 52-week high of $34.37.

Macy's (NYSE:M) last released its earnings results on Thursday, November 9th. The company reported $0.23 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.04. The firm had revenue of $5.28 billion for the quarter, compared to analysts’ expectations of $5.31 billion. Macy's had a net margin of 2.83% and a return on equity of 21.20%. The company’s quarterly revenue was down 6.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.17 earnings per share. sell-side analysts expect that Macy's Inc will post 3.63 EPS for the current year.

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Macy's Company Profile

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.

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

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