Macy’s Inc (NYSE: M) is 0.80% higher on its value in year-to-date trading and has touched a low of $10.54 and a high of $22.92 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The M stock was last observed hovering at around $20.45 in the last trading session, with the day’s loss setting it -0.17%.
Currently trading at $20.28, the stock is 6.41% and 6.84% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 9.82 million and changing -0.83% at the moment leaves the stock 31.78% off its SMA200. M registered -10.50% loss for a year compared to 6-month gain of 66.91%. The firm has a 50-day simple moving average (SMA 50) of $0.44 and a 200-day simple moving average (SMA200) of $9.09.
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The stock witnessed a 8.86% loss in the last 1 month and extending the period to 3 months gives it a 18.39%, and is 1.65% 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 5.83% over the week and 3.57% over the month.
Macy’s Inc (M) has around 94570 employees, a market worth around $5.56B and $23.87B in sales. Current P/E ratio is 54.44 and Fwd P/E is 7.81. Profit margin for the company is 0.44%. Distance from 52-week low is 92.41% and -11.52% 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 $0.14 with sales reaching $4.85B over the same period.The EPS is expected to shrink by -24.32% this year, but quarterly earnings will post -1.00% year-over-year.
Macy’s Inc (M) Top Institutional Holders
539 institutions hold shares in Macy’s Inc (M), with institutional investors hold 90.06% of the company’s shares. The shares outstanding are 274.20M, and float is at 272.36M with Short Float at 6.30%. Institutions hold 89.50% 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 0 insider transactions have happened at Macy’s Inc (M) in the last six months, with sales accounting for 0 and purchases happening 0 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 14.43% up over the past 12 months. TJX Cos. (TJX) that is 26.19% higher over the same period.
