Macy’s Inc (NYSE: M) has a higher price-to-earnings ratio of 49.64x compared to its average ratio. M has 36-month beta value of 2.20. Analysts have mixed views on the stock, with 3 analysts rating it as a “buy,” 1 as “overweight,” 16 as “hold,” and 1 as “sell.”
The public float for M is 272.23M, and currently, short sellers hold a 6.83% ratio of that float. The average trading volume of M on April 08, 2024 was 8.41M shares.
M) stock’s latest price update
Macy’s Inc (NYSE: M) has seen a rise in its stock price by 0.92 in relation to its previous close of 18.41. However, the company has experienced a -7.05% decline in its stock price over the last five trading sessions. CNBC Television reported 2024-04-01 that Corey Tarlowe, Jefferies equity analyst, joins ‘The Exchange’ with CNBC’s Melissa Repko to discuss how consumer habits benefit certain retailers, why some retailers are closing stores while others report strong earnings, and more.
M’s Market Performance
Macy’s Inc (M) has seen a -7.05% fall in stock performance for the week, with a -7.19% decline in the past month and a -1.06% plunge in the past quarter. The volatility ratio for the week is 2.47%, and the volatility levels for the past 30 days are at 3.22% for M. The simple moving average for the last 20 days is -8.47% for M stock, with a simple moving average of 16.54% 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 -4.81% 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 -15.93% of loss for the given period.
Volatility was left at 3.22%, however, over the last 30 days, the volatility rate increased by 2.47%, as shares sank -8.65% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.43% upper at present.
During the last 5 trading sessions, M fell by -7.05%, which changed the moving average for the period of 200-days by +17.89% in comparison to the 20-day moving average, which settled at $20.21. In addition, Macy’s Inc saw -7.65% 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 30,090 shares at the price of $19.66 back on Apr 01 ’24. After this action, Gennette Jeffrey now owns 1,073,699 shares of Macy’s Inc, valued at $591,422 using the latest closing price.
Spring Antony, the CEO & Chair-Elect of Macy’s Inc, sale 14,859 shares at $19.63 during a trade that took place back on Apr 01 ’24, which means that Spring Antony is holding 248,897 shares at $291,743 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 0.44. 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 put it simply, Macy’s Inc (M) has had a bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
