Macy’s Inc. [M] Stock trading around $7.30 per share: What’s Next?

Macy’s Inc. [NYSE: M] price surged by 7.99 percent to reach at $0.54. A sum of 46281531 shares traded at recent session while its average daily volume was at 43.50M shares. Macy’s Inc. shares reached a high of $7.47 and dropped to a low of $7.00 until finishing in the latest session at $7.30.

The one-year M stock forecast points to a potential downside of -11.62. The average equity rating for M stock is currently 3.50, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on Macy’s Inc. [M]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for M shares is $6.54 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on M stock is a recommendation set at 3.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Telsey Advisory Group have made an estimate for Macy’s Inc. shares, keeping their opinion on the stock as Market Perform, with their previous recommendation back on May 22, 2020. The new note on the price target was released on March 23, 2020, representing the official price target for Macy’s Inc. stock. Previously, the target price had yet another drop from $18 to $16, while Telsey Advisory Group kept a Market Perform rating on M stock. On February 06, 2020, analysts increased their price target for M shares from 16 to 18.

The Average True Range (ATR) for Macy’s Inc. is set at 0.81, with the Price to Sales ratio for M stock in the period of the last 12 months amounting to 0.08. The Price to Book ratio for the last quarter was 0.35, with the Price to Cash per share for the same quarter was set at 2.39. Price to Free Cash Flow for M in the course of the last twelve months was 10.42 with Quick ratio for the last quarter at 0.30.

M Stock Performance Analysis:

Macy’s Inc. [M] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -16.76. With this latest performance, M shares gained by 45.42% in over the last four-week period, additionally sinking by -53.50% over the last 6 months – not to mention a drop of -66.47% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for M stock in for the last two-week period is set at 53.32, with the RSI for the last a single of trading hit 50.63, and the three-weeks RSI is set at 52.42 for Macy’s Inc. [M]. The present Moving Average for the last 50 days of trading for this stock 6.00, while it was recorded at 8.08 for the last single week of trading, and 12.55 for the last 200 days.

Insight into Macy’s Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Macy’s Inc. [M] shares currently have an operating margin of +4.59 and a Gross Margin at +36.24. Macy’s Inc.’s Net Margin is presently recorded at +2.23.

Return on Total Capital for M is now 9.31, given the latest momentum, and Return on Invested Capital for the company is 4.69. Return on Equity for this stock inclined to 8.80, with Return on Assets sitting at 2.66. When it comes to the capital structure of this company, Macy’s Inc. [M] has a Total Debt to Total Equity ratio set at 116.21. Additionally, M Total Debt to Total Capital is recorded at 53.75, with Total Debt to Total Assets ending up at 32.82. Long-Term Debt to Equity for the company is recorded at 102.54, with the Long-Term Debt to Total Capital now at 47.43.

Reflecting on the efficiency of the workforce at the company, Macy’s Inc. [M] managed to generate an average of $4,585 per employee. Receivables Turnover for the company is 52.99 with a Total Asset Turnover recorded at a value of 1.19.Macy’s Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.30 and a Current Ratio set at 1.20.

M Stock EPS

With the latest financial reports released by the company, Macy’s Inc. posted 0.28/share EPS, while the average EPS was predicted by analysts to be reported at 0.45/share.When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -37.80%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for M.

Macy’s Inc. [M] Insider Position Details

There are presently around $2,059 million, or 94.90% of M stock, in the hands of institutional investors. The top three institutional holders of M stocks are: YACKTMAN ASSET MANAGEMENT LP with ownership of 45,455,249, which is approximately 85.942% of the company’s market cap and around 0.10% of the total institutional ownership; VANGUARD GROUP INC, holding 35,382,438 shares of the stock with an approximate value of $258.29 million in M stocks shares; and BLACKROCK INC., currently with $202.22 million in M stock with ownership of nearly -4.048% of the company’s market capitalization.

Positions in Macy’s Inc. stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 222 institutional holders increased their position in Macy’s Inc. [NYSE:M] by around 59,225,602 shares. Additionally, 281 investors decreased positions by around 63,332,334 shares, while 51 investors held positions by with 159,506,582 shares. The mentioned changes placed institutional holdings at 282,064,518 shares, according to the latest SEC report filing. M stock had 72 new institutional investments in for a total of 17,166,463 shares, while 107 institutional investors sold positions of 12,559,297 shares during the same period.

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