Polaris Wealth Advisers LLC Holding in Macys INC (M) Has Trimmed by $23.33 Million

Macy's, Inc. (NYSE:M) Logo

Polaris Wealth Advisers Llc decreased its stake in Macys Inc (M) by 97.32% based on its latest 2018Q4 regulatory filing with the SEC. Polaris Wealth Advisers Llc sold 804,483 shares as the company’s stock declined 29.23% while stock markets rallied. The institutional investor held 22,177 shares of the department and specialty retail stores company at the end of 2018Q4, valued at $660,000, down from 826,660 at the end of the previous reported quarter. Polaris Wealth Advisers Llc who had been investing in Macys Inc for a number of months, seems to be less bullish one the $7.06 billion market cap company. The stock increased 0.48% or $0.11 during the last trading session, reaching $22.9. About 4.32M shares traded. Macy's, Inc. (NYSE:M) has declined 16.72% since May 8, 2018 and is downtrending. It has underperformed by 21.09% the S&P500.

Analysts await Macy's, Inc. (NYSE:M) to report earnings on May, 15 before the open. They expect $0.36 earnings per share, down 25.00 % or $0.12 from last year’s $0.48 per share. M’s profit will be $110.97 million for 15.90 P/E if the $0.36 EPS becomes a reality. After $2.73 actual earnings per share reported by Macy's, Inc. for the previous quarter, Wall Street now forecasts -86.81 % negative EPS growth.

More notable recent Macy's, Inc. (NYSE:M) news were published by: Seekingalpha.com which released: “Canopy And Cronos Are Exposed Come Earnings – Seeking Alpha” on May 07, 2019, also Seekingalpha.com with their article: “HubSpot -4% despite Q1 beats, upside outlook – Seeking Alpha” published on May 07, 2019, Benzinga.com published: “Pfizer (NYSE:PFE) Buys Rare Disease Biotech Therachon For $340M – Benzinga” on May 08, 2019. More interesting news about Macy's, Inc. (NYSE:M) were released by: Fool.com and their article: “Macy’s Credit Ratings Have Finally Stabilized – Motley Fool” published on April 25, 2019 as well as Fool.com‘s news article titled: “Macy’s Rolls Out Rotating STORY Boutiques to Boost Traffic – Motley Fool – Motley Fool” with publication date: April 15, 2019.

Macy's, Inc. (NYSE:M) Ratings Coverage

Among 7 analysts covering Macy’s (NYSE:M), 1 have Buy rating, 3 Sell and 3 Hold. Therefore 14% are positive. Macy’s had 9 analyst reports since November 15, 2018 according to SRatingsIntel. The firm has “Hold” rating by UBS given on Tuesday, February 26. The stock has “Hold” rating by Jefferies on Tuesday, February 26. The firm has “Hold” rating given on Thursday, November 15 by Deutsche Bank. Morgan Stanley maintained it with “Sell” rating and $22 target in Wednesday, February 27 report. The stock of Macy's, Inc. (NYSE:M) earned “Underperform” rating by Bank of America on Thursday, January 10. The stock of Macy's, Inc. (NYSE:M) has “Buy” rating given on Tuesday, February 26 by Guggenheim. UBS maintained it with “Hold” rating and $26 target in Tuesday, February 19 report. As per Thursday, December 6, the company rating was downgraded by Atlantic Securities.

Macy's, Inc. (NYSE:M) Institutional Positions Chart

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