As of Wednesday close, Macy’s Inc.’s (NYSE:M) stock was down -$0.17, moving down -1.56 percent to $10.76. The average number of shares traded per day over the past five days has been 12,203,500 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.60 fall in that time frame. In the last twenty days, the average volume was 12,278,365, while in the previous 50 days, it was 11,029,366.
Since last month, M stock retreated -26.95%. Shares of the company fell to $10.67 on 09/19/23, 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 $10.67. Since the beginning of this year, M’s stock price has dropped by -47.89% or -$9.89, and marked a new high 12 times. However, the stock has declined by -57.17% 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 16 days ago on Sep 05. Griscom Paul, the SVP and Controller of the company, disposed of 1,212 shares for $12.22 on Sep 05. It resulted in a $14,817 divestment by the insider. Kirgan Danielle L. sold 25,000 shares at an average price of $16.66 on Jul 11. The insider now owns 278,272 shares following the transaction. On Jul 10, Chairman & CEO Gennette Jeffrey sold 75,430 shares at $15.96 apiece. The transaction was valued at $1,204,165.
Valuation Metrics
Right now, Macy’s Inc. (M) has a P/E ratio of about 4.16. The stock’s beta is 1.92. Besides these, the trailing price-to-sales (P/S) ratio of 0.12, the price-to-book (PB) ratio of 0.70, and the price-to-cash flow ratio of 9.81 may also be considered.
The latest dividend of $0.1654 per share was paid out, which is 0.24% more than last year’s $0.1650. On Friday August 25 2023, a $0.0004 dividend increase was announced.
Financial Health
In the recent quarter, Macy’s Inc.’s quick ratio stood at 0.30, while its current ratio was 1.30, 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 recent quarter was 0.71, and the total debt-to-equity ratio was 0.71. On the profitability front, the trailing twelve-month gross margin is 39.30% percent. In the recent year, EBITDA margin amounted to 10.03%, whereas operating margins totaled 4.40%. 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 18.80%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. M’s revenue fell -6.06% to $5.17 billion during the quarter, while net income inched up to $5.28 billion. During the quarter, the company generated $341.0 million in EBITDA. The liabilities of Macy’s Inc. were 12.09 billion at the end of its most recent quarter, and its total debt was $5.97 billion. The value of shareholders’ equity is $273.63 million.
Technical Picture
This quick technical analysis looks at Macy’s Inc.’s (M) price momentum. With a historical volatility rate of 29.11%, the RSI 9-day stood at 20.09% on 20 September.
With respect to its five-day moving average, the current Macy’s Inc. price is down by -5.28% percent or -$0.60. At present, M shares trade -15.01% below its 20-day simple moving average and -33.66% percent below its 100-day simple moving average. However, the stock is currently trading approximately -34.71% below its SMA50 and -53.58% below its SMA200.
Stochastic coefficient K was 6.59% and Stochastic coefficient D was 6.60%, while ATR was 0.37. Given the Stochastic reading of 5.07% for the 14-day period, the RSI (14) reading has been calculated as 20.75%. As of today, the MACD Oscillator reading stands at -0.43, while the 14-day reading stands at -0.69.
Analyst Ratings
Telsey Advisory Group reiterated its a Market perform rating on Macy’s Inc. (NYSE: M) in a note to investors. The analysts firm has however raised their price target to $14, representing a possible 32.75% increase in the stock price. 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 0 analysts rate Macy’s Inc. stock as buy, with 7 recommending it as overweight.
With a median target price of $15.40, the current consensus forecast for the stock is $10.00 – $22.00. Based on these forecasts, analysts predict Macy’s Inc. (M) will achieve an average price target of $15.57.
