In the past week, M stock has gone down by -7.58%, with a monthly gain of 0.67% and a quarterly plunge of -2.24%. The volatility ratio for the week is 3.70%, and the volatility levels for the last 30 days are 4.18% for Macy’s Inc The simple moving average for the past 20 days is -3.16% for M’s stock, with a 24.15% simple moving average for the past 200 days.
Is It Worth Investing in Macy’s Inc (NYSE: M) Right Now?
Macy’s Inc (NYSE: M) has a higher price-to-earnings ratio of 52.44x compared to its average ratio, The 36-month beta value for M is at 2.18. Analysts have varying views on the stock, with 3 analysts rating it as a “buy,” 1 rating it as “overweight,” 16 as “hold,” and 1 as “sell.”
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The public float for M is 272.36M, and currently, shorts hold a 6.64% of that float. The average trading volume for M on March 25, 2024 was 8.39M shares.
M) stock’s latest price update
The stock price of Macy’s Inc (NYSE: M) has plunged by -3.06 when compared to previous closing price of 20.25, but the company has seen a -7.58% decline in its stock price over the last five trading sessions. PYMNTS reported 2024-03-20 that The U.S. retail industry may be on the brink of a significant transformation as department store chains Nordstrom and Macy’s consider a shift toward private-equity or hedge-fund ownership. These potential moves could have extensive implications for the retail sector, reshaping the landscape of the industry, Reuters reported Wednesday (March 20).
Analysts’ Opinion of M
Many brokerage firms have already submitted their reports for M stocks, with TD Cowen repeating the rating for M by listing it as a “Market Perform.” The predicted price for M in the upcoming period, according to TD Cowen is $20 based on the research report published on February 29, 2024 of the current year 2024.
Telsey Advisory Group, on the other hand, stated in their research note that they expect to see M reach a price target of $21, previously predicting the price at $15. The rating they have provided for M stocks is “Market Perform” according to the report published on February 28th, 2024.
Citigroup gave a rating of “Neutral” to M, setting the target price at $18 in the report published on February 02nd of the current year.
M Trading at 1.53% from the 50-Day Moving Average
After a stumble in the market that brought M to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -11.18% of loss for the given period.
Volatility was left at 4.18%, however, over the last 30 days, the volatility rate increased by 3.70%, as shares surge +1.71% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.42% upper at present.
During the last 5 trading sessions, M fell by -7.58%, which changed the moving average for the period of 200-days by +21.10% in comparison to the 20-day moving average, which settled at $20.29. In addition, Macy’s Inc saw -2.44% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at M starting from Gennette Jeffrey, who sale 78,567 shares at the price of $20.42 back on Mar 22 ’24. After this action, Gennette Jeffrey now owns 994,301 shares of Macy’s Inc, valued at $1,604,464 using the latest closing price.
Kirgan Danielle L., the EVP, Chief Transformation & HR of Macy’s Inc, sale 15,070 shares at $20.42 during a trade that took place back on Mar 22 ’24, which means that Kirgan Danielle L. is holding 306,555 shares at $307,677 based on the most recent closing price.
Stock Fundamentals for M
Current profitability levels for the company are sitting at:
- 0.07 for the present operating margin
- 0.41 for the gross margin
The net margin for Macy’s Inc stands at 0.0. The total capital return value is set at 0.13. Equity return is now at value 2.56, with 0.59 for asset returns.
Based on Macy’s Inc (M), the company’s capital structure generated 0.42 points at debt to capital in total, while cash flow to debt ratio is standing at 0.44. The debt to equity ratio resting at 0.72. The interest coverage ratio of the stock is 11.74.
Currently, EBITDA for the company is 2.25 billion with net debt to EBITDA at 2.33. When we switch over and look at the enterprise to sales, we see a ratio of 0.43. The receivables turnover for the company is 81.45for trailing twelve months and the total asset turnover is 1.47. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.37.
Conclusion
In conclusion, Macy’s Inc (M) has had a mixed performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
