The stock of Macy’s Inc. (NYSE:M) increased by $0.08 on Monday to finish at $12.16, up 0.66 percent. The last five days have seen an average of 24,185,561 shares of common stock traded. 12 times new highs were reached in the current year, with a fall of -$8.49. The average number of shares traded over the last 20 days was 12,870,979, while the average volume over the last 50 days totaled 10,448,360.
M stock dropped -25.26% since last month. On 08/25/23, the company’s shares reached a one-month low of $11.86. The stock touched a high of $25.12 on 02/03/23, after rallying from a low of $11.86 in 52 weeks. The price of M stock has declined by -41.11% or -$8.49 this year, reaching a new high 12 times. Still, the stock price is down -51.59% from the 52-week high.
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Insider Transactions
M stock investors should be aware that Macy’s Inc. (M) stock had its last reported insider trading activity 49 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 4.70. Beta for the stock is 1.93. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.14, the price-to-book (PB) ratio of 0.80, and the price-to-cash flow ratio of 10.61.
Company paid $0.1654 per share in dividends, an increase of 0.24% from $0.1650 last year.
Financial Health
For the three months ended July 30, 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 July 30 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 39.30% percent. Macy’s Inc.’s EBITDA margin for the year ended July 30 was 10.03%, whereas its operating margin stood at 6.80% 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 6.90%. 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 30.90%.
Earnings Surprise
According to Macy’s Inc.’s quarterly financial report for the quarter that ended July 30. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $5.28 billion, while revenues fell by -6.06% to $5.17 billion. It was predicted that Macy’s Inc.’s quarterly earnings would be $0.26, but it ended up being $0.13. EBITDA was $341.0 million for the quarter. At the end of Macy’s Inc.’s most recent quarter ended July 30, its liabilities totaled 12.09 billion, while its total debt was $5.97 billion. Equity owned by shareholders amounts to $273.63 million.
Technical Picture
Here’s a quick look at Macy’s Inc.’s (M) price momentum from a technical perspective. As of 28 August, the RSI 9-day stood at 10.84%, suggesting the stock is oversold, with a 70.01% historical volatility rate.
The stochastic %K and %D were 4.31% and 3.80% respectively, while the average true range (ATR) was 0.57. Based on the 14-day stochastic reading of 7.10%, the RSI (14) reading is 17.37%. On the 9-day MACD Oscillator, the stock is at -1.34, and the 14-day reading is at -2.07.
Analyst Ratings
In a note to investors, Telsey Advisory Group maintained its a Market perform rating on Macy’s Inc. (NYSE: M). However, the firm raised their price target to $14, indicating a possible increase of 24.0% in the stock price. Analysts have assigned Macy’s Inc. (M) an Overweight 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, 0 rates it overweight and 6 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 $10.00 and $22.00, with a median target price of $15.50. In analyzing these forecasts, the average price target given by analysts for Macy’s Inc. (M) is $15.83.
