Macy's (M) News Today

Macy's (NYSE:M - Get Free Report) announced its earnings results on Wednesday. The company reported $0.53 EPS for the quarter, topping analysts' consensus estimates of $0.31 by $0.22. Macy's had a return on equity of 21.40% and a net margin of 0.05%. The firm had revenue of $4.94 billion during the quarter, compared to analysts' expectations of $5.06 billion. During the same quarter in the previous year, the business earned $0.26 EPS. The company's quarterly revenue was down 3.8% on a year-over-year basis.

StockNews.com started coverage on shares of Macy's in a research note on Thursday. They set a "hold" rating for the company.

Macy's (NYSE:M) updated its second quarter earnings guidance. The company provided EPS guidance of ($0.04) - $0.01 for the period, compared to the consensus estimate of $0.01. The company also issued revenue guidance of $4.7-4.82 billionillion, compared to the consensus estimate of $4.84 billionillion.

Macy's (NYSE:M) Shares Gap Down to $17.74

Neo Ivy Capital Management acquired a new stake in Macy's, Inc. (NYSE:M - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 28,160 shares of the company's stock, valued at approximately $54

Macy's, Inc. (NYSE:M - Get Free Report) saw some unusual options trading on Friday. Traders acquired 19,948 call options on the stock. This represents an increase of 12% compared to the typical daily volume of 17,826 call options.

StockNews.com started coverage on shares of Macy's in a report on Wednesday. They set a "hold" rating for the company.

StockNews.com assumed coverage on Macy's in a research note on Tuesday. They issued a "hold" rating for the company.

Macy's, Inc. (NYSE:M - Get Free Report) has been assigned an average recommendation of "Hold" from the ten ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have is

Virtu Financial LLC bought a new position in Macy's, Inc. (NYSE:M - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 52,200 shares of the company's stock, valued at approximately $1,043,000. Other hedge funds and oth

Natixis lessened its holdings in Macy's, Inc. (NYSE:M - Free Report) by 99.6% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 5,732 shares of the company's stock after selling 1,280,487 shares during the period. Natixis' holdings in Macy's w

Vanguard Group Inc. reduced its position in shares of Macy's, Inc. (NYSE:M - Free Report) by 2.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,127,890 shares of the company's stock after

Acadian Asset Management LLC decreased its stake in shares of Macy's, Inc. (NYSE:M - Free Report) by 25.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 274,162 shares of the company's stock after

Russell Investments Group Ltd. increased its stake in shares of Macy's, Inc. (NYSE:M - Free Report) by 44.9% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 516,834 shares of the company's stock after acquiring an additional 160,093 sh

LSV Asset Management lowered its holdings in Macy's, Inc. (NYSE:M - Free Report) by 4.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,305,867 shares of the company's stock after selling 222,668 shares during th

Macy's, Inc. (NYSE:M - Get Free Report) has been given an average recommendation of "Hold" by the nine analysts that are covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy r

Macy's, Inc. (NYSE:M - Get Free Report) CEO Antony Spring sold 18,981 shares of the stock in a transaction on Wednesday, July 10th. The stock was sold at an average price of $18.96, for a total value of $359,879.76. Following the completion of the sale, the chief executive officer now owns 267,265 shares in the company, valued at approximately $5,067,344.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.