Macy’s Inc (NYSE:M) saw an upside of 2.14% to $11.10 after adding $0.23 on Monday. The 5-day average trading volume is 10,904,350 shares of the company’s common stock. It has gained $11.16 in the past week and touched a new high 4 times within the past 5 days. An average of 11,082,678 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 11,083,835.
M’s 1-month performance is -9.96% or -$0.98 on its low of $10.66 reached on 09/21/23. The company’s shares have touched a 52-week low of $10.66 and high of $25.12, with the stock’s rally to the 52-week high happening on 02/03/23. YTD, M has lost -46.24% or -$9.55 and has reached a new high 12 times. However, the current price is down -55.80% from the 52-week high price.
Insider Transactions
M stock investors last saw insider trading activity on Sep 05.Griscom Paul (SVP and Controller) most recently sold 1,212 shares at $12.22 per share on Sep 05. This transaction cost the insider $14,817. EVP, Chief Transformation & HR, Kirgan Danielle L., sold 25,000 shares at a price of $16.66 on Jul 11. Then, on Jul 10, Chairman & CEO Gennette Jeffrey sold 75,430 shares at a price of $15.96 per share. This transaction amounted to $1,204,165.
Valuation Metrics
M stock has a beta of 1.92. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.12 while the price-to-book (PB) in the most recent quarter is 0.72, with the price to cash flow ratio at 4.45.
Macy’s Inc’s quick ratio for the period ended July 30 was 0.27, with the current ratio over the same period at 1.26. As well, the company’s long term debt to equity for the quarter ending July 30 was 1.42, while the total debt to equity was 1.42. In terms of profitability, the gross margin trailing 12 months is 36.61%. The trailing 12-month EBITDA margin is 10.03% while for the period ending July 30, Macy’s Inc’s operating margin was 4.96%. The firm’s gross profit as reported stood at $10.0 billion against revenue of $25.3 billion.
Earnings Surprise
For the quarterly period ending July 30 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 1350.0% to -$22.0 million, while revenue of $155.0 million was 804.55% off the previous quarter. Analysts expected M to announce $0.13 per share in earnings in its latest quarter, but it posted $0.26, representing a 100.00% surprise. EBITDA for the quarter stood at more than $341.0 million. M stock balance sheet for the quarter ending July 30 shows that total liabilities totaled 12.09 billion, with total debt at $5.97 billion. Shareholders hold equity totaling $273.63 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 22 September was 35.90% to suggest the stock is trending Neutral, with historical volatility in this time period at 28.85%.
The stock’s 5-day moving average is $10.90, reflecting a +3.49% or $0.38 change from its current price. M is currently trading -8.07% above its 20-day SMA, -29.18% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -28.63% and SMA200 by-50.71%.
Stochastic %K and %D was 18.37% and 12.49% and the average true range (ATR) pointed at 0.37. The RSI (14) points at 30.27%, while the 14-day stochastic is at 32.36% with the period’s ATR at 0.40. The stock’s 9-day MACD Oscillator is pointing at -0.07 and -0.30 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Macy’s Inc (NYSE: M), Telsey Advisory Group reiterated its a Market perform rating for the company but lifted their price target by $16 to $14. Analysts offering their rating for M stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate M as a “sell,”, while 7 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 0 rates the stock as overweight while 7 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 $10.00 and a high of $22.00, with their median price target at $15.40. Looking at these predictions, the average price target given by analysts is for Macy’s Inc (M) stock is $15.57.
