Macy’s Inc. (M) Analysis & Forecast for August 2020

Macy’s Inc. (NYSE: M) is -59.12% lower on its value in year-to-date trading and has touched a low of $4.38 and a high of $18.57 in the current 52-week trading range. The M stock was last observed hovering at around $6.62 in the last trading session, with the day’s gains setting it 0.33% off its average median price target of $6.00 for the next 12 months. It is also 22.78% off the consensus price target high of $9.00 offered by 16 analysts, but current levels are -131.67% lower than the price target low of $3.00 for the same period.

Currently trading at $6.95, the stock is 5.25% and 4.58% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 19.66 million and changing 4.98% at the moment leaves the stock -31.74% off its SMA200. M registered -53.39% loss for a year compared to 6-month loss of -46.50%. The firm has a 50-day simple moving average (SMA 50) of $6.61 and a 200-day simple moving average (SMA200) of $7.41.

The stock witnessed a 11.74% gain in the last 1 month and extending the period to 3 months gives it a 9.11%, and is 11.02% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.08% over the week and 6.19% over the month.

Macy’s Inc. (M) has around 123000 employees, a market worth around $2.05B and $22.80B in sales. Fwd P/E is 13.96. Profit margin for the company is -13.80%. Distance from 52-week low is 58.68% and -62.57% from its 52-week high. The company has generated returns on investments over the last 12 months (6.80%).

Macy’s Inc. (M) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Macy’s Inc. (M) is a “Underweight”. 16 analysts offering their recommendations for the stock have an average rating of 3.60, where 8 rate it as a Hold and 0 think it is a “Overweight”. 1 of the analysts rate the stock as a “Buy”. 6 analysts have rated the stock as a Sell or Underperform.

Macy’s Inc. is expected to release its quarterly report on 09/02/2020 and quarterly earnings per share for the current quarter are estimated at -$1.77 with sales reaching $3.47B over the same period.The EPS is expected to shrink by -48.30% this year, but quarterly earnings will post -30.00% year-over-year. Quarterly sales are estimated to shrink -37.30% in year-over-year returns.

Macy’s Inc. (M) Top Institutional Holders

716 institutions hold shares in Macy’s Inc. (M), with 359.87k shares held by insiders accounting for 0.12% while institutional investors hold 97.83% of the company’s shares. The shares outstanding are 310.60M, and float is at 307.84M with Short Float at 41.96%. Institutions hold 97.71% of the Float.

Macy’s Inc. (M) Insider Activity

A total of 13 insider transactions have happened at Macy’s Inc. (M) in the last six months, with sales accounting for 8 and purchases happening 5 times. The most recent transaction is an insider sale by Williams Felicia, the company’s SVP,Controller/Enterprise Risk. SEC filings show that Williams Felicia sold 202 shares of the company’s common stock on Apr 07 at a price of $6.20 per share for a total of $1252.0. Following the sale, the insider now owns 1927.0 shares.

Macy’s Inc. disclosed in a document filed with the SEC on Mar 23 that Harper John T. (Chief Operations Officer) sold a total of 6,123 shares of the company’s common stock. The trade occurred on Mar 23 and was made at $5.47 per share for $33510.0. Following the transaction, the insider now directly holds 22871.0 shares of the M stock.

Still, SEC filings show that on Mar 23, Williams Felicia (SVP,Controller/Enterprise Risk) disposed off 422 shares at an average price of $4.92 for $2075.0. The insider now directly holds 1,458 shares of Macy’s Inc. (M).

Macy’s Inc. (M): Who are the competitors?

The company’s main competitors (and peers) include Dillard’s Inc. (DDS) that is trading -48.61% down over the past 12 months. The TJX Companies Inc. (TJX) is -0.56% down on the 1-year trading charts. Short interest in the company’s stock has fallen -11.27% from the last report on Jul 14, 2020 to stand at a total of 143.74 million short shares sold with a short interest ratio of 5.1.