The stock of Macy’s Inc. (NYSE:M) increased by $0.06 on Monday to finish at $15.64, up 0.39 percent. The last five days have seen an average of 8,326,320 shares of common stock traded. 12 times new highs were reached in the current year, with a fall of -$5.01. The average number of shares traded over the last 20 days was 8,046,130, while the average volume over the last 50 days totaled 9,897,848.
M stock appreciated 0.51% since last month. On 07/17/23, the company’s shares reached a one-month low of $15.27. The stock touched a high of $25.12 on 02/03/23, after rallying from a low of $12.80 in 52 weeks. The price of M stock has declined by -24.26% or -$5.01 this year, reaching a new high 12 times. Still, the stock price is down -37.74% from the 52-week high.
Insider Transactions
M stock investors should be aware that Macy’s Inc. (M) stock had its last reported insider trading activity 35 days ago on Jul 11. On Jul 11, EVP, Chief Transformation & HR Kirgan Danielle L. sold 25,000 shares at $16.66 each. This transaction resulted in the insider making $416,460. On Jul 10, Gennette Jeffrey sold 75,430 shares at a price of US$15.96. After the transaction, the insider now owns 900,383 shares. EVP, Chief Transformation & HR Kirgan Danielle L. had earlier sold 24,202 shares on Jul 10 for $15.97 a share. The transaction was completed for $386,392.
Valuation Metrics
Macy’s Inc. (M) has a trailing price-to-earnings (P/E) ratio of 4.28. Beta for the stock is 1.88. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.17, the price-to-book (PB) ratio of 1.02, and the price-to-cash flow ratio of 30.25.
Company paid $0.1650 per share in dividends, a decrease of -0.24% from $0.1654 last year. A $0.0004 dividend decrease was reported on Wednesday May 31 2023.
Financial Health
For the three months ended April 29, Macy’s Inc.’s quick ratio was 0.30, while its current ratio was 1.20, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending April 29 is 0.72, and the total debt to equity ratio is 0.72. As far as profitability goes, gross margin for the trailing twelve months is 39.60% percent. Macy’s Inc.’s EBITDA margin for the year ended April 29 was 10.03%, whereas its operating margin stood at 5.90% for the same period. Based on annual data, it had gross profit of $10.0 billion and revenue of $25.3 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. M’s return on assets (ROA) during the last 12 months has been 6.10%. There was a 18.60% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 27.40%.
Earnings Surprise
According to Macy’s Inc.’s quarterly financial report for the quarter that ended April 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $5.17 billion, while revenues fell by -3.38% to $8.26 billion. It was predicted that Macy’s Inc.’s quarterly earnings would be $0.56, but it ended up being $0.45, beating the consensus by 24.40%. EBITDA was $465.0 million for the quarter. At the end of Macy’s Inc.’s most recent quarter ended April 29, its liabilities totaled 12.7 billion, while its total debt was $5.99 billion. Equity owned by shareholders amounts to $272.53 million.
Technical Picture
Here’s a quick look at Macy’s Inc.’s (M) price momentum from a technical perspective. As of 14 August, the RSI 9-day stood at 38.83%, suggesting the stock is Neutral, with a 17.79% historical volatility rate.
The stochastic %K and %D were 14.10% and 16.37% respectively, while the average true range (ATR) was 0.45. Based on the 14-day stochastic reading of 15.60%, the RSI (14) reading is 43.76%. On the 9-day MACD Oscillator, the stock is at -0.24, and the 14-day reading is at -0.40.
Analyst Ratings
In its most recent analyst report, Gordon Haskett raised its rating on Macy’s Inc. (NYSE: M) to a Buy. Prior to this, analysts firm rated the stock as a Hold. Analysts have assigned Macy’s Inc. (M) an Hold rating. M is a stock that is recommended for selling by 1 brokerage firm, while 8 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 1 rate it overweight and 5 others recommend it as a buy.
What is M’s price target for the next 12 months?
The current consensus forecast for the stock is between $12.00 and $26.00, with a median target price of $17.50. In analyzing these forecasts, the average price target given by analysts for Macy’s Inc. (M) is $17.83.
