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Macy’s Inc. (M) Looks Ready for Growth Despite -9.35% Change This Year

Macy’s Inc. (NYSE: M) is -9.35% lower on its value in year-to-date trading and has touched a low of $15.10 and a high of $28.06 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The M stock was last observed hovering at around $18.65 in the last trading session, with the day’s gains setting it 0.07% off its average median price target of $25.00 for the next 12 months. It is also 37.6% off the consensus price target high of $30.00 offered by 16 analysts, but current levels are -33.71% lower than the price target low of $14.00 for the same period.

Currently trading at $18.72, the stock is -11.76% and -15.08% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 11.87 million and changing 0.38% at the moment leaves the stock -7.00% off its SMA200. M registered -20.81% loss for a year compared to 6-month gain of 2.02%.

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The stock witnessed a -15.29% loss in the last 1 month and extending the period to 3 months gives it a -15.18%, and is -11.36% down 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 4.09% over the week and 3.79% over the month.

Macy’s Inc. (M) has around 88857 employees, a market worth around $5.31B and $25.30B in sales. Current P/E ratio is 4.47 and Fwd P/E is 4.89. Profit margin for the company is 6.10%. Distance from 52-week low is 23.97% and -33.29% from its 52-week high. The company has generated returns on investments over the last 12 months (22.90%).

Macy’s Inc. (M) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Macy’s Inc. (M) is a “Hold”. 16 analysts offering their recommendations for the stock have an average rating of 2.80, where 8 rate it as a Hold and 1 think it is a “Overweight”. 4 of the analysts rate the stock as a “Buy”. 2 analysts have rated the stock as a Sell or Underperform.

Macy’s Inc. is expected to release its quarterly report on 05/17/2023.The EPS is expected to grow by 133.50% this year.

Macy’s Inc. (M) Top Institutional Holders

The shares outstanding are 272.00M, and float is at 270.31M with Short Float at 6.93%.

Macy’s Inc. (M) Insider Activity

A total of 2 insider transactions have happened at Macy’s Inc. (M) in the last six months, with sales accounting for 1 and purchases happening 1 times. The most recent transaction is an insider sale by Mitchell Adrian V,the company’sEVP, Chief Financial Officer. SEC filings show that Mitchell Adrian V sold 3,255 shares of the company’s common stock on Nov 25 at a price of $23.67 per share for a total of $77035.0. Following the sale, the insider now owns 12546.0 shares.

Macy’s Inc. disclosed in a document filed with the SEC on Sep 06 that Griscom Paul (SVP and Controller) sold a total of 1,223 shares of the company’s common stock. The trade occurred on Sep 06 and was made at $17.05 per share for $20852.0. Following the transaction, the insider now directly holds 7550.0 shares of the M stock.

Still, SEC filings show that on Aug 31, Griscom Paul (SVP and Controller) disposed off 2,868 shares at an average price of $17.43 for $49992.0. The insider now directly holds 4,688 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 29.13% up over the past 12 months and The TJX Companies Inc. (TJX) that is 21.70% higher over the same period. Nordstrom Inc. (JWN) is -27.79% down on the 1-year trading charts.

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