Macy’s Inc (NYSE: M) is -24.34% lower on its value in year-to-date trading and has touched a low of $12.60 and a high of $20.70 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 $13.18 in the last trading session, with the day’s loss setting it -0.37%.
Currently trading at $12.81, the stock is -5.38% and -10.76% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.44 million and changing -2.81% at the moment leaves the stock -18.96% off its SMA200. M registered -32.86% loss for a year compared to 6-month loss of -13.80%. The firm has a 50-day simple moving average (SMA 50) of $14.3546 and a 200-day simple moving average (SMA200) of $15.80675.
The stock witnessed a -8.89% gain in the last 1 month and extending the period to 3 months gives it a -23.84%, and is -3.25% 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 3.47% over the week and 4.11% over the month.
Macy’s Inc (M) has around 94189 employees, a market worth around $3.56B and $23.01B in sales. Current P/E ratio is 6.21 and Fwd P/E is 6.08. Profit margin for the company is 2.53%. Distance from 52-week low is 1.67% and -38.12% from its 52-week high. The company has generated returns on investments over the last 12 months (5.68%).
The EPS is expected to shrink by -20.43% this year.
Macy’s Inc (M) Top Institutional Holders
551.0 institutions hold shares in Macy’s Inc (M), with institutional investors hold 85.34% of the company’s shares. The shares outstanding are 277.69M, and float is at 275.64M with Short Float at 6.81%. Institutions hold 84.74% 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 9.3194 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 3.4239 of the shares totaling 9.51 million with a market value of $182.56 million.
Macy’s Inc (M) Insider Activity
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Still, SEC filings show that on Mar 28 ’25, Griscom Paul (Officer) Proposed Sale 942 shares at an average price of $13.18 for $12416.0. The insider now directly holds shares of Macy’s Inc (M).
