Macy’s Inc (NYSE: M)’s stock price has increased by 1.49 compared to its previous closing price of 16.43. However, the company has seen a -1.51% decrease in its stock price over the last five trading sessions. proactiveinvestors.com reported 2024-12-09 that Macy’s, Inc. (NYSE:M) shares moved higher after activist investor Barington Capital revealed a stake in the company and is reportedly pushing the retailer to make changes. Barington Capital wants Macy’s to consider expansion options for its Bloomingdale’s and Bluemercury business, which they believe could trade at a higher multiple on their own.
Is It Worth Investing in Macy’s Inc (NYSE: M) Right Now?
The price-to-earnings ratio for Macy’s Inc (NYSE: M) is 25.65x, which is above its average ratio. Moreover, the 36-month beta value for M is 2.13. Analysts have varying opinions on the stock, with 1 analysts rating it as a “buy,” 3 as “overweight,” 9 as “hold,” and 1 as “sell.”
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The public float for M is 275.28M and currently, short sellers hold a 5.57% of that float. On December 09, 2024, M’s average trading volume was 5.01M shares.
M’s Market Performance
M’s stock has seen a -1.51% decrease for the week, with a 1.37% rise in the past month and a 16.53% gain in the past quarter. The volatility ratio for the week is 2.97%, and the volatility levels for the past 30 days are at 3.40% for Macy’s Inc The simple moving average for the past 20 days is 5.33% for M’s stock, with a -4.60% simple moving average for the past 200 days.
Analysts’ Opinion of M
Many brokerage firms have already submitted their reports for M stocks, with Telsey Advisory Group repeating the rating for M by listing it as a “Market Perform.” The predicted price for M in the upcoming period, according to Telsey Advisory Group is $17 based on the research report published on August 22, 2024 of the current year 2024.
TD Cowen, on the other hand, stated in their research note that they expect to see M reach a price target of $20, previously predicting the price at $23. The rating they have provided for M stocks is “Market Perform” according to the report published on February 29th, 2024.
Telsey Advisory Group gave a rating of “Market Perform” to M, setting the target price at $21 in the report published on February 28th of the current year.
M Trading at 6.21% 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 -24.55% of loss for the given period.
Volatility was left at 3.40%, however, over the last 30 days, the volatility rate increased by 2.97%, as shares surge +7.21% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +10.16% upper at present.
During the last 5 trading sessions, M fell by -0.77%, which changed the moving average for the period of 200-days by -13.85% in comparison to the 20-day moving average, which settled at $15.84. In addition, Macy’s Inc saw -17.12% 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 Griscom Paul, who sale 1,201 shares at the price of $15.23 back on Sep 05 ’24. After this action, Griscom Paul now owns 29,232 shares of Macy’s Inc, valued at $18,291 using the latest closing price.
Griscom Paul, the Officer of Macy’s Inc, proposed sale 4,085 shares at $15.30 during a trade that took place back on Sep 05 ’24, which means that Griscom Paul is holding shares at $62,500 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 0.01. The total capital return value is set at 0.13. Equity return is now at value 4.32, with 1.15 for asset returns.
Based on Macy’s Inc (M), the company’s capital structure generated 0.41 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 0.7. The interest coverage ratio of the stock is 12.76.
Currently, EBITDA for the company is 1.16 billion with net debt to EBITDA at 4.19. 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 87.72for trailing twelve months and the total asset turnover is 1.48. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.48.
Conclusion
To wrap up, the performance of Macy’s Inc (M) has been mixed in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. 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.
