This Insider Sold 3255.0 Shares In Macy’s Inc. (M)

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Macy’s Inc. (NYSE:M) saw an upside of 2.81% to close Monday at $23.40 after adding $0.64 on the day. The 5-day average trading volume is 7,708,980 shares of the company’s common stock. It has gained $23.72 in the past week and touched a new high 2 times within the past 5 days. An average of 9,930,095 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 10,450,222.

M’s 1-month performance is 16.07% or $3.10 on its low of $19.73 reached on 12/28/22. The company’s shares have touched a 52-week low of $15.10 and high of $28.21, with the stock’s rally to the 52-week high happening on 01/18/23. YTD, M has achieved 13.32% or $2.75 and has reached a new high 8 times. However, the current price is down -17.05% from the 52-week high price.

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Insider Transactions

M stock investors last saw insider trading activity on Nov 25.Mitchell Adrian V (EVP, Chief Financial Officer) most recently sold 3,255 shares at $23.67 per share on Nov 25. This transaction cost the insider $77,035. SVP and Controller, Griscom Paul, sold 1,223 shares at a price of $17.05 on Sep 06. Then, on Aug 31, SVP and Controller Griscom Paul sold 2,868 shares at a price of $17.43 per share. This transaction amounted to $49,992.

Valuation Metrics

M stock has a beta of 1.78. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.25 while the price-to-book (PB) in the most recent quarter is 1.83, with the price to cash flow ratio at 4.52.

Macy’s Inc.’s quick ratio for the period ended July 30 was 0.10, with the current ratio over the same period at 1.10. As well, the company’s long term debt to equity for the quarter ending July 30 was 0.86, while the total debt to equity was 0.91. In terms of profitability, the gross margin trailing 12 months is 40.20%. The firm’s gross profit as reported stood at $10.34 billion against revenue of $25.29 billion.

Earnings Surprise

For the quarterly period ending July 30 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -121.3% to $108.0 million, while revenue of $275.0 million was -154.63% off the previous quarter. Analysts expected M to announce $0.85 per share in earnings in its latest quarter, but it posted $1, representing a 17.60% surprise. EBITDA for the quarter stood at more than $420.0 million. M stock balance sheet for the quarter ending July 30 shows that total liabilities totaled 14.76 billion, with total debt at $6.0 billion. Shareholders hold equity totaling $271.11 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 23 January was 67.02% to suggest the stock is trending Neutral, with historical volatility in this time period at 31.49%.

The stock’s 5-day moving average is $22.98, reflecting a +1.69% or $0.39 change from its current price. M is currently trading +14.59% above its 20-day SMA, +29.57% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +18.66% and SMA200 by-5.22%.

Stochastic %K and %D was 80.11% and 80.83% and the average true range (ATR) pointed at 0.86. The RSI (14) points at 62.45%, while the 14-day stochastic is at 91.40% with the period’s ATR at 0.87. The stock’s 9-day MACD Oscillator is pointing at 0.34 and 0.88 on the 14-day charts.

Analyst Ratings

Analysts offering their rating for M stock have a consensus rating for the stock as Hold. Currently, 2 brokerage advisors rate M as a “sell,”, while 10 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 1 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 $14.00 and a high of $30.00, 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 $23.33.

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