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What should you know before buying stock in Macy’s Inc (M)

Macy’s Inc (NYSE: M) is -5.27% lower on its value in year-to-date trading and has touched a low of $10.54 and a high of $22.10 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 $19.54 in the last trading session, with the day’s loss setting it -0.48%.

Currently trading at $19.06, the stock is -7.12% and -2.13% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 8.35 million and changing -2.46% at the moment leaves the stock 19.87% off its SMA200. M registered 12.25% gain for a year compared to 6-month gain of 64.17%. The firm has a 50-day simple moving average (SMA 50) of $0.43 and a 200-day simple moving average (SMA200) of $8.80.

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The stock witnessed a 5.83% loss in the last 1 month and extending the period to 3 months gives it a -5.27%, and is -2.90% 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 2.71% over the week and 3.39% over the month.

Macy’s Inc (M) has around 85581 employees, a market worth around $5.23B and $23.87B in sales. Current P/E ratio is 50.92 and Fwd P/E is 7.39. Profit margin for the company is 0.44%. Distance from 52-week low is 80.83% and -13.76% 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 -25.09% this year, but quarterly earnings will post -1.20% year-over-year.

Macy’s Inc (M) Top Institutional Holders

533 institutions hold shares in Macy’s Inc (M), with institutional investors hold 90.37% of the company’s shares. The shares outstanding are 274.23M, and float is at 272.30M with Short Float at 6.83%. Institutions hold 89.73% 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

The most recent transaction is an insider sale by Gennette Jeffrey,the company’sDirector. SEC filings show that Gennette Jeffrey sold 30,090 shares of the company’s common stock on Apr 01 ’24 at a price of $19.66 per share for a total of $0.59 million. Following the sale, the insider now owns 1.07 million shares.

Macy’s Inc disclosed in a document filed with the SEC on Apr 01 ’24 that Spring Antony (CEO & Chair-Elect) sold a total of 14,859 shares of the company’s common stock. The trade occurred on Apr 01 ’24 and was made at $19.63 per share for $0.29 million. Following the transaction, the insider now directly holds 0.25 million shares of the M stock.

Still, SEC filings show that on Apr 01 ’24, Mitchell Adrian V (EVP, COO & CFO) disposed off 13,279 shares at an average price of $19.63 for $0.26 million. The insider now directly holds 120,457 shares of Macy’s Inc (M).

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