Macy’s Inc (NYSE: M) is -23.01% lower on its value in year-to-date trading and has touched a low of $12.07 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 $15.57 in the last trading session, with the day’s loss setting it -0.08%.
Currently trading at $15.49, the stock is -0.15% and 0.68% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.78 million and changing -0.51% at the moment leaves the stock -12.54% off its SMA200. M registered 22.84% gain for a year compared to 6-month loss of -20.52%. The firm has a 50-day simple moving average (SMA 50) of $15.386 and a 200-day simple moving average (SMA200) of $17.71025.
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The stock witnessed a -4.91% gain in the last 1 month and extending the period to 3 months gives it a -13.08%, and is -1.15% 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 2.93% over the week and 2.68% over the month.
Macy’s Inc (M) has around 85581 employees, a market worth around $4.27B and $23.51B in sales. Current P/E ratio is 23.83 and Fwd P/E is 6.07. Profit margin for the company is 0.78%. Distance from 52-week low is 28.33% and -29.91% from its 52-week high. The company has generated returns on investments over the last 12 months (1.78%).
with sales reaching $4.73B over the same period.The EPS is expected to shrink by -22.38% this year, but quarterly earnings will post -4.19% year-over-year. Quarterly sales are estimated to shrink -2.59% in year-over-year returns.
Macy’s Inc (M) Top Institutional Holders
556.0 institutions hold shares in Macy’s Inc (M), with institutional investors hold 78.85% of the company’s shares. The shares outstanding are 277.37M, and float is at 275.29M with Short Float at 5.44%. Institutions hold 78.30% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 33.95 million shares valued at $651.93 million. The investor’s holdings represent 12.298% of the M Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 25.88 million shares valued at $496.9 million to account for 9.3734 of the shares outstanding. The other top investors are DIMENSIONAL FUND ADVISORS LP which holds 15.49 million shares representing 5.61% and valued at over $297.38 million, while ARROWSTREET CAPITAL, LIMITED PARTNERSHIP holds 3.4438 of the shares totaling 9.51 million with a market value of $182.56 million.
Macy’s Inc (M) Insider Activity
The most recent transaction is an insider sale by Griscom Paul, the company’s SVP and Controller. SEC filings show that Griscom Paul sold 1,201 shares of the company’s common stock on Sep 05 ’24 at a price of $15.23 per share for a total of $18291.0. Following the sale, the insider now owns 29232.0 shares.
Still, SEC filings show that on Aug 23 ’24, Mitchell Adrian V (EVP, COO & CFO) disposed off 12,000 shares at an average price of $15.92 for $0.19 million. The insider now directly holds 108,457 shares of Macy’s Inc (M).
