Sold Out: Macy's Inc. (M) George Soros sold out his holdings in Macy's Inc.. His sale prices were between $11.15 and $13.46, with an estimated average price of $12.2. The impact to his portfolio due to this sale was less than 0.01%.
Federated Department Stores through its subsidiaries is one of the leading operators of full-line department stores in the United States. The Company's subsidiaries operate department stores under the names Bloomingdale's The Bon Marche Burdines Goldsmith's Lazarus Macy's Rich's and Stern's. These department stores sell a wide range of merchandise including men's women's and children's apparel and accessories cosmetics home furnishings and other consumer goods. Macy's Inc. has a market cap of $6.44 billion; its shares were traded at around $15.31 with a P/E ratio of 13.7 and P/S ratio of 0.3. The dividend yield of Macy's Inc. stocks is 1.3%. Macy's Inc. had an annual average earning growth of 2.6% over the past 10 years. GuruFocus rated Macy's Inc. the business predictability rank of 2-star.
"The Company's subsidiaries operate department stores under the names Bloomingdale's The Bon Marche Burdines Goldsmith's Lazarus Macy's Rich's and Stern's..."
Macy's hasn't operated stores under any of these names for five years now (excepting Bloomingdales), at least...and they since have added the old May nameplates (Kaufmann's, Foley's, Filene's, et al) and converted them to Macy's as well. I guess it doesn't change the fact that he sold out his shares but it makes me question how much whoever wrote this knows about the company.