Polaris Wealth Advisers LLC Lowered Its Stake in Macys INC (M) 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 $7.06B market cap company. The stock increased 0.48% or $0.11 during the last trading session, reaching $22.9. About 4.32 million 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 EPS, down 25.00 % or $0.12 from last year’s $0.48 per share. M’s profit will be $110.97M for 15.90 P/E if the $0.36 EPS becomes a reality. After $2.73 actual EPS 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: “Aquantia +37% on $452M sale to Marvell – Aquantia Corp. (NYSE:AQ) – Seeking Alpha” on May 06, 2019, also Seekingalpha.com with their article: “More on Nine Energy Service Q1 earnings – Seeking Alpha” published on May 08, 2019, Seekingalpha.com published: “3D Systems -11.6% on revenue miss, demand weakness – 3D Systems Corporation (NYSE:DDD) – Seeking Alpha” on May 07, 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 Streetinsider.com‘s news article titled: “Meritor (MTOR) to Acquire AxleTech for $175M – StreetInsider.com” with publication date: May 08, 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 Jefferies given on Tuesday, February 26. UBS maintained Macy's, Inc. (NYSE:M) on Tuesday, February 19 with “Hold” rating. As per Thursday, December 6, the company rating was downgraded by Atlantic Securities. The rating was maintained by UBS on Tuesday, February 26 with “Hold”. The firm earned “Hold” rating on Thursday, November 15 by Deutsche Bank. The stock of Macy's, Inc. (NYSE:M) earned “Underperform” rating by Bank of America on Thursday, January 10. The stock has “Sell” rating by Morgan Stanley on Wednesday, February 27. The stock of Macy's, Inc. (NYSE:M) has “Buy” rating given on Tuesday, February 26 by Guggenheim.

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

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