Macy’s Inc (NYSE: M) is -0.84% lower on its value in year-to-date trading and has touched a low of $10.54 and a high of $23.19 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 $19.30 in the last trading session, with the day’s gains setting it 0.65%.
Currently trading at $19.95, the stock is 5.12% and 4.56% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 18.79 million and changing 3.37% at the moment leaves the stock 30.46% off its SMA200. M registered -3.01% loss for a year compared to 6-month gain of 65.15%. The firm has a 50-day simple moving average (SMA 50) of $0.47 and a 200-day simple moving average (SMA200) of $5.94.
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The stock witnessed a 5.56% loss in the last 1 month and extending the period to 3 months gives it a 34.16%, and is 3.58% 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 3.48% over the week and 2.81% over the month.
Macy’s Inc (M) has around 94570 employees, a market worth around $5.47B and $23.87B in sales. Current P/E ratio is 53.56 and Fwd P/E is 7.53. Profit margin for the company is 0.44%. Distance from 52-week low is 89.28% and -13.97% from its 52-week high. The company has generated returns on investments over the last 12 months (1.04%).
Macy’s Inc quarterly earnings per share for the current quarter are estimated at $1.96 with sales reaching $8.15B over the same period.The EPS is expected to shrink by -21.95% this year, but quarterly earnings will post -4.60% year-over-year. Quarterly sales are estimated to shrink -1.40% in year-over-year returns.
Macy’s Inc (M) Top Institutional Holders
537 institutions hold shares in Macy’s Inc (M), with institutional investors hold 90.95% of the company’s shares. The shares outstanding are 274.20M, and float is at 272.36M with Short Float at 7.55%. Institutions hold 90.39% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 33.74 million shares valued at $541.46 million. The investor’s holdings represent 12.33% of the M Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 24.8 million shares valued at $397.99 million to account for 9.06% of the shares outstanding. The other top investors are Dimensional Fund Advisors LP which holds 12.04 million shares representing 4.40% and valued at over $193.2 million, while State Street Corporation holds 4.11% of the shares totaling 11.24 million with a market value of $180.42 million.
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, COO & CFO. SEC filings show that Mitchell Adrian V sold 57,214 shares of the company’s common stock on Nov 24 at a price of $14.63 per share for a total of $0.84 million. Following the sale, the insider now owns 78386.0 shares.
Macy’s Inc disclosed in a document filed with the SEC on Sep 05 that Griscom Paul (SVP and Controller) sold a total of 1,212 shares of the company’s common stock. The trade occurred on Sep 05 and was made at $12.22 per share for $14817.0. Following the transaction, the insider now directly holds 14727.0 shares of the M stock.
Still, SEC filings show that on Jul 11, Kirgan Danielle L. (EVP, Chief Transformation & HR) disposed off 25,000 shares at an average price of $16.66 for $0.42 million. The insider now directly holds 278,272 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 22.26% up over the past 12 months. TJX Cos. (TJX) that is 31.23% higher over the same period.
