As of Friday close, Macy’s Inc.’s (NYSE:M) stock was up $0.3, moving up 1.87 percent to $16.31. The average number of shares traded per day over the past five days has been 8,196,960 shares. 1 time new highs have been achieved over the past 5 days, with a $0.04 gain in that time frame. In the last twenty days, the average volume was 8,598,770, while in the previous 50 days, it was 11,819,902.
Since last month, M stock rose 2.58%. Shares of the company fell to $15.27 on 07/17/23, the lowest level in the past month. A 52-week high of $25.12 was reached on 02/03/23 after having rallying from a 52-week low of $12.80. Since the beginning of this year, M’s stock price has dropped by -21.02% or -$4.34, and marked a new high 12 times. However, the stock has declined by -35.07% since its 52-week high.
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M stock investors should be aware that Macy’s Inc. (M) stock had its last reported insider trading activity 25 days ago on Jul 11. Kirgan Danielle L., the EVP, Chief Transformation & HR of the company, disposed of 25,000 shares for $16.66 on Jul 11. It resulted in a $416,460 divestment by the insider. Gennette Jeffrey sold 75,430 shares at an average price of $15.96 on Jul 10. The insider now owns 900,383 shares following the transaction. On Jul 10, EVP, Chief Transformation & HR Kirgan Danielle L. sold 24,202 shares at $15.97 apiece. The transaction was valued at $386,392.
Valuation Metrics
Right now, Macy’s Inc. (M) has a P/E ratio of about 4.46. The stock’s beta is 1.88. Besides these, the trailing price-to-sales (P/S) ratio of 0.18, the price-to-book (PB) ratio of 1.07.
The latest dividend of $0.1650 per share was paid out, which is -0.24% less than last year’s $0.1654. On Wednesday May 31 2023, a $0.0004 dividend decrease was announced.
Financial Health
In the three months ended April 29, Macy’s Inc.’s quick ratio stood at 0.30, while its current ratio was 1.20, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending April 29 was 0.72. On the profitability front, the trailing twelve-month gross margin is 39.60% percent. In the year ended April 29, EBITDA margin amounted to 10.03%, whereas operating margins totaled 5.90%. Based on annual data, M earned $10.0 billion in gross profit and brought in $25.3 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 18.60%. Return on equity (ROE) for the past 12 months was 27.40%.
In Macy’s Inc.’s quarter-end financial report for April 29, it reported total debt of $3.0 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. M’s revenue fell -3.38% to $8.26 billion during the quarter, while net income inched up to $5.17 billion. While analysts expected Macy’s Inc. to report $0.45 quarterly earnings, the actual figure was $0.56 per share, beating the consensus estimate by 24.40%. During the quarter, the company generated $465.0 million in EBITDA. The liabilities of Macy’s Inc. were 12.7 billion at the end of its most recent quarter ended April 29, and its total debt was $5.99 billion. The value of shareholders’ equity is $272.53 million.
Technical Picture
This quick technical analysis looks at Macy’s Inc.’s (M) price momentum. With a historical volatility rate of 22.49%, the RSI 9-day stood at 54.21% on 04 August.
With respect to its five-day moving average, the current Macy’s Inc. price is up by +0.25% percent or $0.04. At present, M shares trade +2.39% above its 20-day simple moving average and -12.55% percent below its 100-day simple moving average. However, the stock is currently trading approximately +10.43% above its SMA50 and -10.58% below its SMA200.
Stochastic coefficient K was 50.06% and Stochastic coefficient D was 56.77%, while ATR was 0.48. Given the Stochastic reading of 56.30% for the 14-day period, the RSI (14) reading has been calculated as 53.65%. As of today, the MACD Oscillator reading stands at -0.13, while the 14-day reading stands at -0.12.
Analyst Ratings
Gordon Haskett upgraded its rating on Macy’s Inc. (NYSE: M) to a Buy in a note to investors on June 01, 2023. The analysts firm previously had a Hold rating on the stock.Macy’s Inc. (M) has been rated Overweight by analysts. According to 1 brokerage firm, M is a sell, and 7 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 1 analyst rate Macy’s Inc. stock as buy, with 5 recommending it as overweight.
With a median target price of $18.00, the current consensus forecast for the stock is $12.00 – $23.00. Based on these forecasts, analysts predict Macy’s Inc. (M) will achieve an average price target of $17.91.
