Is It Worthwhile For Investors To Follow These Insider Trades On Macy’s Inc. (M)?

Macy’s Inc. (NYSE:M) finished Tuesday with a subtraction of -$0.59 to close at $22.30, a downside of -2.58 percent. An average of 16,241,280 shares of common stock have been traded in the last five days. There was a fall of -$2.81 in the past week. The last 20 days have seen an average of 15,763,595 shares traded, while the 50-day average volume stands at 18,260,008.

M stock has increased by 2.67% in the last month. The company shares reached their 1-month lowest point of $20.38 on 09/14/21. With the stock rallying to its 52-week high on 09/28/21, shares of the company touched a low of $5.77 and a high of $25.47 in 52 weeks. In spite of this, the price is down -12.43% from the 52-week high.


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Insider Transactions

12 days have passed since Macy’s Inc. (M) last reported insider trading activity. Griscom Paul, who is SVP and Controller, most recently acquired $1,700 shares at $23.83 per share on Sep 24. In this transaction, the insider spent $40,513. SVP and Controller, Griscom Paul, disposed of 1,216 shares at a price of $21.79 on Sep 07. The insider now owns more than $26,491 worth of shares. Prior to that, SVP and Controller Griscom Paul went on to Sale 333 shares at $18.97 each on Jul 12. An amount of $6,315 was transacted.

Valuation Metrics

Macy’s Inc. (M) has a trailing price-to-earnings (P/E) ratio of 13.70, which compares with the 21.00 for the broader industry and 19.93 for the sector. This means investors are optimistic about the stock’s future prospects. In the last five years, Macy’s Inc.’s PE ratio has ranged between 20.60 and 2.434. The stock’s beta is 2.09. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.31, the price-to-book (PB) ratio at 2.21, and the price-to-cash flow ratio at 4.98.

Macy’s Inc. will next go ex-dividend on 20-Dec. The next dividend payment Macy’s Inc. will make is expected to be $0.15.

The quick ratio of Macy’s Inc. for the three months ended July 30 was 0.50, and the current ratio was 1.10, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.05 and a total debt to equity ratio of 1.54 for the quarter ending July 30. On the profitability front, the trailing 12-month gross margin is 39.30% against a 5-year average of 40.4%. Macy’s Inc.’s EBITDA margin for the year ending July 30 is 0.02%, while its operating margin for the same period stands at 4.30%. Its gross profit as reported stood at $5.81 billion compared to revenue of $18.1 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Macy’s Inc.’s return on assets was 2.80%, compared to 4.9% over the last five years. In the past year, the return on investment has been -52.70%, and the 5-year average is 10.0%. Meanwhile, the return on equity (ROE) for the past 12 months has been 19.50% and the 5-year average holds at 19.0%. For the broader industry, ROE averaged 10.33 over the past year.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Macy’s Inc. (M) price momentum. RSI 9-day as of the close on 05 October was 45.16%, suggesting the stock is Neutral, with historical volatility in this time frame at 57.33%.

As of today, M’s price is $23.08 -11.19% or -$2.81 from its 5-day moving average. M is currently trading +1.69% higher than its 20-day SMA and +40.61% higher than its 100-day SMA. However, the stock’s current price level is +27.79% above the SMA50 and +114.01% above the SMA200.

The stochastic %K and %D were 41.17% and 48.93%, respectively, and the average true range (ATR) was 1.08. With the 14-day stochastic at 28.31% and the average true range at 1.06, the RSI (14) stands at 49.94%. The stock has reached -0.83 on the 9-day MACD Oscillator while the 14-day reading was at -0.27.

Analyst Ratings

Gordon Haskett upgraded Macy’s Inc. (NYSE: M) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a a Hold.The consensus rating for Macy’s Inc. (M) among analysts is Hold. According to current brokerage recommendations, 4 brokerage firms advise that investors sell M, while 8 suggest investors hold. There are 2 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 3 others rate it as a “buy”.

What is M’s price target for the next 12 months?

Analysts predict a range of price targets between $15.00 and $33.00, with a median target of $25.00. Taking a look at these predictions, the average price target given by analysts for Macy’s Inc. (M) stock is $23.95.

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