Macy’s Inc (NYSE: M) is -11.83% 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 $17.82 in the last trading session, with the day’s loss setting it -0.08%.
Currently trading at $17.74, the stock is 8.05% and 0.99% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.25 million and changing -0.45% at the moment leaves the stock -2.54% off its SMA200. M registered 17.33% gain for a year compared to 6-month loss of -7.89%.
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The stock witnessed a 7.19% gain in the last 1 month and extending the period to 3 months gives it a -7.12%, and is 10.60% 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 2.60% over the week and 3.26% over the month.
Macy’s Inc (M) has around 85581 employees, a market worth around $4.90B and $23.69B in sales. Current P/E ratio is 479.46 and Fwd P/E is 6.57. Profit margin for the company is 0.05%. Distance from 52-week low is 68.31% and -19.73% from its 52-week high. The company has generated returns on investments over the last 12 months (0.12%).
The EPS is expected to shrink by -20.63% this year.
Macy’s Inc (M) Top Institutional Holders
550.0 institutions hold shares in Macy’s Inc (M), with institutional investors hold 79.37% of the company’s shares. The shares outstanding are 274.23M, and float is at 274.04M with Short Float at 4.40%. Institutions hold 78.81% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 34.13 million shares valued at $682.22 million. The investor’s holdings represent 12.3607 of the M Shares outstanding. As of 2024-03-31, the second largest holder is BLACKROCK INC. with 25.21 million shares valued at $504.02 million to account for 9.1321 of the shares outstanding. The other top investors are DIMENSIONAL FUND ADVISORS LP which holds 14.11 million shares representing 5.1104 and valued at over $282.06 million, while ARROWSTREET CAPITAL, LIMITED PARTNERSHIP holds 3.9906 of the shares totaling 11.02 million with a market value of $220.25 million.
Macy’s Inc (M) Insider Activity
The most recent transaction is an insider sale by Spring Antony, the company’s Chairman & CEO. SEC filings show that Spring Antony sold 18,981 shares of the company’s common stock on Jul 10 ’24 at a price of $18.96 per share for a total of $0.36 million. Following the sale, the insider now owns 0.27 million shares.
Macy’s Inc disclosed in a document filed with the SEC on Jul 10 ’24 that Griscom Paul (SVP and Controller) sold a total of 336 shares of the company’s common stock. The trade occurred on Jul 10 ’24 and was made at $18.97 per share for $6372.0. Following the transaction, the insider now directly holds 26348.0 shares of the M stock.
Still, SEC filings show that on Jul 10 ’24, Kirgan Danielle L. (EVP, Chief HR Officer) disposed off 24,147 shares at an average price of $18.96 for $0.46 million. The insider now directly holds 348,000 shares of Macy’s Inc (M).
