How Macy’s Inc. (M) Works From A Technical Perspective

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Macy’s Inc. (NYSE:M) finished Thursday with a subtraction of -$0.66 to close at $15.79, a downside of -4.01 percent. An average of 11,112,680 shares of common stock have been traded in the last five days. There was a fall of -$0.87 in the past week, and it reached a new high 12 times over the past 12 months. The last 20 days have seen an average of 11,530,890 shares traded, while the 50-day average volume stands at 11,488,063.

M stock has decreased by -18.23% in the last month. The company shares reached their 1-month lowest point of $15.73 on 09/22/22. With the stock rallying to its 52-week high on 01/03/22, shares of the company touched a low of $15.85 and a high of $37.95 in 52 weeks. It has reached a new high 1 time so far this year and lost -39.69% or -$10.39 in price. In spite of this, the price is down -58.39% from the 52-week high.


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Insider Transactions

17 days have passed since Macy’s Inc. (M) last reported insider trading activity. Griscom Paul, who is SVP and Controller, most recently acquired $1,223 shares at $17.05 per share on Sep 06. In this transaction, the insider spent $20,852. SVP and Controller, Griscom Paul, disposed of 2,868 shares at a price of $17.43 on Aug 31. The insider now owns more than $49,992 worth of shares. Prior to that, EVP-Macy’s/CEO-Bloomingdale’s Spring Antony went on to Sale 19,678 shares at $17.36 each on Jul 11. An amount of $341,693 was transacted.

Valuation Metrics

Macy’s Inc. (M) has a trailing price-to-earnings (P/E) ratio of 3.05. The stock’s beta is 1.71. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.16, the price-to-book (PB) ratio at 1.21, and the price-to-cash flow ratio at 3.33.

The company has a payout ratio of 2.90%. The company’s most recent quarterly dividend payment was $0.1575 a share, representing a up of 0.32% from $0.1570 last year. Its latest increase dividend $0.0005 reported on Friday August 26 2022.

Financial Health

The quick ratio of Macy’s Inc. for the three months ended July 30 was 0.20, and the current ratio was 1.20, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.85 and a total debt to equity ratio of 0.85 for the quarter ending July 30. Its gross profit as reported stood at $10.34 billion compared to revenue of $25.29 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 8.90%.

Earnings Surprise

For the three-month period that ended July 30, Macy’s Inc. had $3.0 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $275.0 million in the quarter, while revenues were shrunk -25.45%. The analyst consensus anticipated Macy’s Inc.’s latest quarter earnings to come in at $0.85 per share, but it turned out to be $1, a 17.60% surprise. For the quarter, EBITDA amounted to $609.0 million. Shareholders own equity worth $270.99 million.

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 22 September was 29.41%, suggesting the stock is oversold, with historical volatility in this time frame at 39.80%.

As of today, M’s price is $16.50 -5.22% or -$0.87 from its 5-day moving average. M is currently trading -14.88% lower than its 20-day SMA and -34.67% lower than its 100-day SMA. However, the stock’s current price level is -5.90% below the SMA50 and -41.80% below the SMA200.

The stochastic %K and %D were 7.39% and 14.48%, respectively, and the average true range (ATR) was 0.75. With the 14-day stochastic at 1.95% and the average true range at 0.80, the RSI (14) stands at 35.18%. The stock has reached -0.54 on the 9-day MACD Oscillator while the 14-day reading was at -0.76.

Analyst Ratings

Morgan Stanley upgraded Macy’s Inc. (NYSE: M) to a an Equal-weight rating in its most recent analyst report. Previously, the stock was rated as an Underweight.

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