5 Shopping Stocks to Buy in Holiday Season

In this article, we discuss the 5 shopping stocks to buy in the holiday season. If you want to read our detailed analysis of these stocks, go directly to the 10 Shopping Stocks to Buy in Holiday Season.

5. Macy’s, Inc. (NYSE:M)

Number of Hedge Fund Holders: 35    

Macy’s, Inc. (NYSE:M) operates as a retail organization that owns and runs stores, websites, and mobile applications. It runs over 720 retail stores across the United States and also has a presence outside the US in countries like the UAE and Kuwait. There are reports that the firm is planning to split the ecommerce business from the rest of the firm, although analysts have cautioned that such a move does not make sense as ecommerce brings in a large chunk of revenue for the overall organization. 

Cowen analyst Oliver Chen recently raised the price target on Macy’s, Inc. (NYSE:M) stock to $32 from $27 and maintained an Outperform rating, noting that the ecommerce spinoff “does not appear likely” in the near term. 

Among the hedge funds being tracked by Insider Monkey, Texas-based investment firm Yacktman Asset Management is a leading shareholder in Macy’s, Inc. (NYSE:M) with 8.2 million shares worth more than $157 million.