Macy's Reports Awful Partial First-Quarter Results
Although we expect to reduce our fair value estimate, we view shares as attractive and believe the company will survive as a downsized business.
David Swartz is a senior equity analyst, consumer research, for Morningstar. He covers department stores, specialty retailers, and manufacturers and retailers of apparel, footwear, and accessories, such as Nike, Lululemon, Tapestry, and Ulta Beauty.
Before joining Morningstar in 2018, Swartz worked as a money manager and equity analyst for a family office in the Seattle area. Before that, he worked for a financial software firm and as an analyst and fund manager for three equity hedge funds in the San Francisco Bay Area.
Swartz holds a bachelor’s degree in economics from the University of California at Berkeley and a master’s degree in economics from Yale University. He also holds a certificate in finance (investment management specialization) from UC Berkeley Extension.
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