Macy’s Inc (NYSE: M) has a price-to-earnings ratio that is above its average at 53.41x. The stock has a 36-month beta value of 2.18. Opinions on the stock are mixed, with 4 analysts rating it as a “buy,” 0 as “overweight,” 9 as “hold,” and 1 as “sell.”
The public float for M is 272.30M, and at present, short sellers hold a 6.83% of that float. On April 01, 2024, the average trading volume of M was 8.36M shares.
M) stock’s latest price update
The stock price of Macy’s Inc (NYSE: M) has jumped by 0.71 compared to previous close of 19.85. Despite this, the company has seen a fall of -3.85% in its stock price over the last five trading days. Yahoo Finance reported 2024-03-31 that While consumer spending has remained relatively strong through inflation, retailers have struggled to stay relevant, with Macy’s (M) announcing it will shutter 150 locations. Discount retailers like The TJX Companies (TJX) and Burlington Stores (BURL), however, have held up as consumers seek sales elsewhere under the pressure of inflation.
M’s Market Performance
M’s stock has fallen by -3.85% in the past week, with a monthly rise of 8.58% and a quarterly drop of -0.55%. The volatility ratio for the week is 3.55% while the volatility levels for the last 30 days are 3.80% for Macy’s Inc The simple moving average for the last 20 days is -1.60% for M’s stock, with a simple moving average of 26.00% for the last 200 days.
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 3.04% 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 -9.55% of loss for the given period.
Volatility was left at 3.80%, however, over the last 30 days, the volatility rate increased by 3.55%, as shares surge +14.62% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.93% upper at present.
During the last 5 trading sessions, M fell by -3.85%, which changed the moving average for the period of 200-days by +24.08% in comparison to the 20-day moving average, which settled at $20.44. In addition, Macy’s Inc saw -0.65% 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 27,132 shares at the price of $19.44 back on Mar 26 ’24. After this action, Gennette Jeffrey now owns 1,043,041 shares of Macy’s Inc, valued at $527,327 using the latest closing price.
Kirgan Danielle L., the EVP, Chief Transformation & HR of Macy’s Inc, sale 7,063 shares at $19.43 during a trade that took place back on Mar 26 ’24, which means that Kirgan Danielle L. is holding 318,451 shares at $137,250 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 0.12. 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 0.45 points at debt to capital in total, while cash flow to debt ratio is standing at 0.39. The debt to equity ratio resting at 0.81. 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 2.5. When we switch over and look at the enterprise to sales, we see a ratio of 0.45. The receivables turnover for the company is 63.47for trailing twelve months and the total asset turnover is 1.37. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.37.
Conclusion
To sum up, Macy’s Inc (M) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as 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.
