Macy's
About: Founded in 1858 and based in New York City, Macy's operates about 500 stores under the Macy's nameplate, nearly 60 stores under the Bloomingdale's (full-price and outlet) and Bloomie's nameplates, and 157 freestanding Bluemercury specialty beauty stores. Macy's also operates e-commerce sites and licenses Bloomingdale's stores in the United Arab Emirates and Kuwait. Women's apparel, accessories, shoes, cosmetics, and fragrances composed 62% of Macy's 2023 sales.
Employees: 85,581
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
1% less repeat investments, than reductions
Existing positions increased: 135 | Existing positions reduced: 137
3% less funds holding
Funds holding: 416 [Q1] → 402 (-14) [Q2]
5.05% less ownership
Funds ownership: 81.21% [Q1] → 76.16% (-5.05%) [Q2]
9% less capital invested
Capital invested by funds: $4.45B [Q1] → $4.04B (-$411M) [Q2]
12% less call options, than puts
Call options by funds: $188M | Put options by funds: $215M
23% less first-time investments, than exits
New positions opened: 46 | Existing positions closed: 60
33% less funds holding in top 10
Funds holding in top 10: 9 [Q1] → 6 (-3) [Q2]
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
4 analyst ratings
Morgan Stanley Alex Straton 68% 1-year accuracy 17 / 25 met price target | 4%upside $17 | Equal-Weight Maintained | 22 Aug 2024 |
Telsey Advisory Group Dana Telsey 41% 1-year accuracy 47 / 116 met price target | 4%upside $17 | Market Perform Maintained | 22 Aug 2024 |
Telsey Advisory Group Dana Telsey 41% 1-year accuracy 47 / 116 met price target | 29%upside $21 | Market Perform Maintained | 21 Aug 2024 |
Telsey Advisory Group Dana Telsey 41% 1-year accuracy 47 / 116 met price target | 29%upside $21 | Market Perform Maintained | 14 Aug 2024 |
Financial journalist opinion
Based on 20 articles about M published over the past 30 days