Macy’s (M) Was Downgraded by CFRA; Matthew 25 Management Lifted By $644,000 Its Toll Brothers (TOL) Position

June 16, 2018 - By Vivian Currie

Toll Brothers, Inc. (NYSE:TOL) Logo

Trading of Macy’s Inc (NYSE:M)‘s shares is going to be interesting today, as CFRA decreased the stock to a Hold. Along the rating downgrade, CFRA analysts gave a target price per share of $41.0000 or 7.13% more.

Matthew 25 Management Corp increased Toll Brothers (TOL) stake by 3.17% reported in 2018Q1 SEC filing. Matthew 25 Management Corp acquired 14,000 shares as Toll Brothers (TOL)’s stock declined 14.22%. The Matthew 25 Management Corp holds 455,000 shares with $21.18 million value, up from 441,000 last quarter. Toll Brothers now has $5.88B valuation. The stock decreased 0.90% or $0.35 during the last trading session, reaching $38.7. About 2.94M shares traded or 30.73% up from the average. Toll Brothers, Inc. (NYSE:TOL) has risen 8.20% since June 16, 2017 and is uptrending. It has underperformed by 4.37% the S&P500. Some Historical TOL News: ; 22/05/2018 – Toll Brothers 2Q Rev $1.6B; 23/05/2018 – STARR CAPITAL GETS LIMITED INJUNCTION VS TOLL BROTHERS IN SUIT; 16/05/2018 – Toll Brothers CDS Widens 16 Bps, Most in 13 Months; 22/05/2018 – Toll Brothers 2Q EPS 72c; 13/03/2018 – Wendell E. Pritchett Elected to Toll Brothers’ Board of Directors; 22/05/2018 – Homebuilders getting wrecked today on $TOL earnings. The group’s now on pace for their worst year since the financial crisis; 11/05/2018 – THE TRUE LIFE COMPANIES SELLS 3.6-ACRE PARCEL FOR 89 CONDOMINIUMS TO HOME BUILDER TOLL BROTHERS IN MILPITAS, CA; 21/05/2018 – ♫ Reuters Insider – U.S. Day Ahead: Kohl’s tries to prove Credit Suisse wrong; 22/05/2018 – Homebuilders lower as Toll Brothers warns on cost pressure; 22/05/2018 – Toll Brothers 2Q Net $118M

Analysts await Macy's, Inc. (NYSE:M) to report earnings on August, 9. They expect $0.47 earnings per share, down 2.08% or $0.01 from last year’s $0.48 per share. M’s profit will be $144.00M for 20.36 P/E if the $0.47 EPS becomes a reality. After $0.48 actual earnings per share reported by Macy's, Inc. for the previous quarter, Wall Street now forecasts -2.08% negative EPS growth.

More notable recent Macy's, Inc. (NYSE:M) news were published by: Seekingalpha.com which released: “Macy’s invests in b8ta” on June 12, 2018, also Seekingalpha.com with their article: “Macy’s: Strong 1Q18 Results Indicate Turnaround Is Working” published on June 13, 2018, Seekingalpha.com published: “JC Penney’s Turnaround Story Appears Bleak” on June 15, 2018. More interesting news about Macy's, Inc. (NYSE:M) were released by: Nasdaq.com and their article: “Canadian Consumers Boycotting American Goods Is a Big Nothing Burger” published on June 15, 2018 as well as Nasdaq.com‘s news article titled: “3 Potential Takeover Targets” with publication date: June 15, 2018.

MacyÂ’s, Inc., together with its subsidiaries, operates stores, Websites, and mobile applications. The company has market cap of $11.73 billion. The Company’s stores and Websites sell a range of merchandise, including apparel and accessories for men, women, and children; cosmetics; home furnishings; and other consumer goods. It has a 7.59 P/E ratio. The firm also operates stores that offer a range of women's, men's, and children's apparel; shoes; fashion accessories; housewares; home textiles; intimate apparel; and jewelry.

Among 32 analysts covering Macy’s Inc. (NYSE:M), 7 have Buy rating, 3 Sell and 22 Hold. Therefore 22% are positive. Macy’s Inc. has $139.0 highest and $20 lowest target. $44.43’s average target is 16.10% above currents $38.27 stock price. Macy’s Inc. had 114 analyst reports since July 24, 2015 according to SRatingsIntel. The firm has “Hold” rating given on Monday, June 19 by RBC Capital Markets. Atlantic Securities upgraded the shares of M in report on Thursday, September 10 to “Neutral” rating. The stock has “Outperform” rating by BMO Capital Markets on Thursday, March 1. The firm has “Hold” rating by S&P Research given on Friday, September 11. The rating was maintained by Credit Suisse on Friday, August 11 with “Neutral”. On Friday, October 20 the stock rating was maintained by Susquehanna with “Buy”. The rating was downgraded by Keefe Bruyette & Woods on Wednesday, October 21 to “Mkt Perform”. The company was maintained on Friday, October 20 by RBC Capital Markets. The stock of Macy's, Inc. (NYSE:M) earned “Hold” rating by Deutsche Bank on Monday, February 26. UBS maintained Macy's, Inc. (NYSE:M) rating on Friday, August 12. UBS has “Neutral” rating and $40 target.

The stock increased 1.89% or $0.71 during the last trading session, reaching $38.27. About 9.40M shares traded. Macy's, Inc. (NYSE:M) has risen 46.10% since June 16, 2017 and is uptrending. It has outperformed by 33.53% the S&P500. Some Historical M News: 23/03/2018 – FITCH AFFIRMS MACY’S, AT ‘BBB’; OUTLOOK NEGATIVE; 08/03/2018 – SF Business Tms: Exclusive: Macy’s brings discount store to California with three Bay Area locations; 16/05/2018 – MACY’S CFO SEES COMP SALES ON OWNED, LICENSED BASIS TO INCREASE 1 PCT TO 2 PCT FOR FIRST HALF OF THE YEAR- CONF CALL; 16/05/2018 – But it’s not just Macy’s. Other outlets are winning the retail race too; 16/05/2018 – MACY’S EARNINGS CALL ENDS; 19/04/2018 – Retailers need both online and physical presence to survive: former Macy’s CEO; 18/05/2018 – Amazon’s growing India business alone is likely worth more than Macy’s; 10/05/2018 – Macy’s leads decline on downgrade as department stores slip; 16/05/2018 – MACY’S INC – TOTAL SALES ARE EXPECTED TO RANGE FROM A 1 PERCENT DECLINE TO A .5 PERCENT INCREASE IN FISCAL 2018; 16/05/2018 – MACY’S DIDN’T SEE A SIGNIFICANT IMPACT FROM WEATHER ON SALES

Among 30 analysts covering Toll Brothers (NYSE:TOL), 15 have Buy rating, 1 Sell and 14 Hold. Therefore 50% are positive. Toll Brothers had 84 analyst reports since August 12, 2015 according to SRatingsIntel. Raymond James upgraded Toll Brothers, Inc. (NYSE:TOL) on Monday, January 25 to “Strong Buy” rating. The company was maintained on Thursday, October 19 by Keefe Bruyette & Woods. The rating was upgraded by JP Morgan to “Neutral” on Friday, September 11. Buckingham Research upgraded Toll Brothers, Inc. (NYSE:TOL) on Monday, July 18 to “Buy” rating. The firm has “Market Perform” rating by Keefe Bruyette & Woods given on Wednesday, August 24. The stock of Toll Brothers, Inc. (NYSE:TOL) earned “Buy” rating by S&P Research on Wednesday, August 26. UBS maintained Toll Brothers, Inc. (NYSE:TOL) rating on Wednesday, December 6. UBS has “Buy” rating and $53.0 target. The firm has “Overweight” rating given on Tuesday, October 13 by Morgan Stanley. The company was maintained on Wednesday, December 6 by Mizuho. RBC Capital Markets maintained the shares of TOL in report on Thursday, July 13 with “Buy” rating.

More recent Toll Brothers, Inc. (NYSE:TOL) news were published by: Seekingalpha.com which released: “Toll Brothers -6.8% after earnings disappoint” on May 22, 2018. Also Fool.com published the news titled: “3 Stocks That Could Double Your Money” on June 16, 2018. Globenewswire.com‘s news article titled: “Toll Brothers Reports FY 2018 2nd Qtr Results” with publication date: May 22, 2018 was also an interesting one.

Matthew 25 Management Corp decreased Apple Inc. (NASDAQ:AAPL) stake by 17,500 shares to 167,500 valued at $28.10 million in 2018Q1. It also reduced Mastercard Inc. (NYSE:MA) stake by 10,000 shares and now owns 65,000 shares. Kansas City Southern (NYSE:KSU) was reduced too.

Investors sentiment decreased to 0.88 in Q1 2018. Its down 0.32, from 1.2 in 2017Q4. It dived, as 59 investors sold TOL shares while 131 reduced holdings. 56 funds opened positions while 111 raised stakes. 124.53 million shares or 2.77% less from 128.07 million shares in 2017Q4 were reported. Alabama-based Kistler has invested 0.07% in Toll Brothers, Inc. (NYSE:TOL). Ubs Asset Mngmt Americas has 0% invested in Toll Brothers, Inc. (NYSE:TOL) for 925,363 shares. Wesbanco Comml Bank Inc holds 146,371 shares. Acadian Asset Management Lc holds 0% or 6,774 shares in its portfolio. South Dakota Inv Council has invested 0.7% in Toll Brothers, Inc. (NYSE:TOL). Metropolitan Life New York holds 0% or 44,344 shares in its portfolio. Asset Mngmt One Ltd has invested 0.03% in Toll Brothers, Inc. (NYSE:TOL). 296,285 are owned by Donald Smith And Inc. Fund Management Sa owns 16,078 shares. Invesco Limited reported 0.02% stake. Rafferty Asset Mngmt Ltd Liability Co invested in 0.04% or 69,063 shares. Paloma Partners Mgmt stated it has 0.02% of its portfolio in Toll Brothers, Inc. (NYSE:TOL). New Mexico Educational Retirement Board holds 40,600 shares or 0.07% of its portfolio. The California-based Cap Advisers Lc has invested 0.01% in Toll Brothers, Inc. (NYSE:TOL). 230,245 were reported by Balyasny Asset Mgmt Ltd Llc.

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

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