Tradition Capital Management Has Cut Macys (M) Position; FERGUSON PLC ADRS SPONSORED (FERGY) Shorts Increased By 5.6%

November 14, 2017 - By Michael Collier

Tradition Capital Management Llc decreased Macys Inc (M) stake by 78.4% reported in 2017Q2 SEC filing. Tradition Capital Management Llc sold 88,215 shares as Macys Inc (M)’s stock declined 28.76%. The Tradition Capital Management Llc holds 24,310 shares with $565,000 value, down from 112,525 last quarter. Macys Inc now has $5.91B valuation. The stock rose 0.47% or $0.09 reaching $19.42. About 2.53M shares traded. Macy’s Inc (NYSE:M) has declined 25.46% since November 14, 2016 and is downtrending. It has underperformed by 42.16% the S&P500.

FERGUSON PLC ADRS SPONSORED (OTCMKTS:FERGY) had an increase of 5.6% in short interest. FERGY’s SI was 86,700 shares in November as released by FINRA. Its up 5.6% from 82,100 shares previously. With 234,200 avg volume, 0 days are for FERGUSON PLC ADRS SPONSORED (OTCMKTS:FERGY)’s short sellers to cover FERGY’s short positions. About 17,740 shares traded. Ferguson Plc (ADR) (OTCMKTS:FERGY) has 0.00% since November 14, 2016 and is . It has underperformed by 16.70% the S&P500.

Ferguson Plc, formerly Wolseley plc, is a Switzerland holding company. The company has market cap of $17.32 billion. The Firm is engaged in the distribution of plumbing and heating products and building materials. It has a 15.07 P/E ratio. The Company’s divisions include USA, UK, Nordics, and Canada and Central Europe.

Analysts await Macy’s Inc (NYSE:M) to report earnings on February, 20. They expect $2.42 earnings per share, up 19.80% or $0.40 from last year’s $2.02 per share. M’s profit will be $736.47 million for 2.01 P/E if the $2.42 EPS becomes a reality. After $0.23 actual earnings per share reported by Macy’s Inc for the previous quarter, Wall Street now forecasts 952.17% EPS growth.

Among 31 analysts covering Macy’s Inc. (NYSE:M), 8 have Buy rating, 2 Sell and 21 Hold. Therefore 26% are positive. Macy’s Inc. had 97 analyst reports since July 24, 2015 according to SRatingsIntel. The stock of Macy’s Inc (NYSE:M) has “Neutral” rating given on Thursday, January 21 by JP Morgan. Atlantic Securities downgraded the shares of M in report on Friday, July 24 to “Underweight” rating. The company was maintained on Thursday, August 10 by BMO Capital Markets. The rating was upgraded by Deutsche Bank on Tuesday, August 25 to “Sell”. The firm has “Neutral” rating by Goldman Sachs given on Monday, January 11. Stifel Nicolaus maintained it with “Buy” rating and $48.0 target in Thursday, November 12 report. Credit Suisse downgraded the shares of M in report on Wednesday, September 28 to “Neutral” rating. RBC Capital Markets maintained the stock with “Sector Perform” rating in Thursday, January 5 report. The rating was maintained by Cowen & Co on Thursday, September 28 with “Hold”. The stock of Macy’s Inc (NYSE:M) earned “Hold” rating by RBC Capital Markets on Friday, August 11.

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