Berkshire Hathaway's Macy`s Stake
Warren Buffett acquired 3.04M Macy`s shares worth $77.1M. That's 0.03% of their equity portfolio (25th largest holding). The investor owns 1.16% of the outstanding Macy`s stock. The stake costed the investor $61.6M, netting the investor a gain of 25% so far.
News about Macy`s Inc and Warren Buffett
Why Berkshire Hathaway Went Window-Shopping at Macy's
The conglomerate appears to be betting on Macy's shrinking competition and its new leadership focused on the store experience.
Macy's Earnings Are Imminent; These Most Accurate Analysts Remain On The Sidelines Ahead Of The Earnings Call
Macy's (M) expected to report $0.03 EPS and $4.61B revenue in Q1. Berkshire Hathaway acquired 3M shares. Analysts give mixed ratings for M stock.
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