Macy’s Inc. (NYSE:M) saw an upside of 1.07% to close Friday at $22.77 after adding $0.24 on the day. The 5-day average trading volume is 14,836,120 shares of the company’s common stock. It has gained $23.38 in the past week. An average of 15,690,055 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 18,607,443.
M’s 1-month performance is 5.22% or $1.54 on its low of $20.38 reached on 09/14/21. The company’s shares have touched a 52-week low of $5.98 and high of $25.47, with the stock’s rally to the 52-week high happening on 09/28/21. YTD, M has achieved 102.40% or $11.52. However, the current price is down -10.58%% from the 52-week high price.
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On Sep 24, 17 days have gone by since the last insider trading activity for Macy’s Inc. (M). Griscom Paul (SVP and Controller) most recently sold 1,700 shares at $23.83 per share on Sep 24. This transaction cost the insider $40,513. SVP and Controller, Griscom Paul, sold 1,216 shares at a price of $21.79 on Sep 07. Then, on Jul 12, SVP and Controller Griscom Paul sold 333 shares at a price of $18.97 per share. This transaction amounted to $6,315.
The company’s PE ratio for the last five years has touched a high of 20.60 and a low of 2.434. M stock has a beta of 2.10. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.32 while the price-to-book (PB) in the most recent quarter is 2.26, with the price to cash flow ratio at 5.10.
Macy’s Inc. pays an annual dividend of $0.60 per share. Its dividend yield is 2.64% and the payout ratio is 9.10%. M’s most recent quarterly dividend payment was made on Oct. 1, when it paid $0.15 a share compared with prior rate of $0.3770, down -151.33% from last year’s. The company has latest dividend decrease of $0.2270 reported on Thursday August 19 2021. Measured over the last 3 years, the Dividend has been growing by -75.00% yearly.
It is projected that Macy’s Inc.’s next ex-dividend date will be on 20-Dec. M is expected to distribute $0.15 as its next dividend.
Macy’s Inc.’s quick ratio for the period ended July 30 was 0.50, with the current ratio over the same period at 1.10 meaning that M stock is not able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending July 30 was 1.05, while the total debt to equity was 1.54. In terms of profitability, the gross margin trailing 12 months is 39.30%. The trailing 12-month EBITDA margin is 0.02% while for the period ending July 30; Macy’s Inc.’s operating margin was 4.30%. The firm’s gross profit as reported stood at $5.81 billion against revenue of $18.1 billion.
For the quarterly period ending July 30 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 36.98% to $5.65 billion, while revenue of $4.71 billion was 16.66% off the previous quarter. Analysts expected M to announce $0.19 per share in earnings in its latest quarter, but it posted $1.29, representing a 578.90% surprise. EBITDA for the quarter stood at more than $823.0 million. M stock balance sheet for the quarter ending July 30 shows that total liabilities totaled 15.27 billion, with total debt at $7.94 billion. Shareholders hold equity totaling $309.7 million
Let’s look briefly at Macy’s Inc. (M) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 08 October was 50.70% to suggest the stock is trending Neutral, with historical volatility in this time period at 52.04%.
The stock’s 5-day moving average is $22.61, reflecting a -0.52% or -$0.12 change from its current price. M is currently trading +10.32% above its 20-day SMA, +19.28% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +36.92% and +124.78% respectively.
Stochastic %K and %D was 34.49% and 34.21% and the average true range (ATR) pointed at 1.06. The RSI (14) points at 53.09%, while the 14-day stochastic is at 35.76% with the period’s ATR at 1.05. The stock’s 9-day MACD Oscillator is pointing at -0.53 and -0.51 on the 14-day charts.
In the most recent analyst report for Macy’s Inc. (NYSE: M), Gordon Haskett upgraded it to a Buy rating. They previously had a Hold rating on the stock. Analysts offering their rating for M stock have a consensus rating for the stock as Hold. Currently, 4 brokerage advisors rate M as a “sell,”, while 8 advise that investors “Hold.” 2 analysts have rated the stock as underweight. 0 rates the stock as overweight while 3 have offered a “buy” rating.
What is M’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $15.00 and a high of $33.00, with their median price target at $25.00. Looking at these predictions, the average price target given by analysts is for Macy’s Inc. (M) stock is $23.95.