For Macy’s Inc. [M], Telsey Advisory Group sees a rise to $7. What next?

Macy’s Inc. [NYSE: M] surged by $0.56 during the normal trading session on Thursday and reaching a high of $7.98 during the day while it closed the day at $7.61. The company report on September 2, 2020 that Macy’s, Inc. Reports Second Quarter 2020 Results.

Macy’s, Inc. (NYSE: M) today reported results for the second quarter of 2020.

“Macy’s, Inc. performance for the quarter was stronger than anticipated across all three brands: Macy’s, Bloomingdale’s and Bluemercury, driven largely by the sales recovery of our stores. Restarting our stores’ business was our top priority, and we successfully accomplished that while also ensuring that our digital business remained strong. Going into this crisis, we had a well-developed digital business and we’re seeing that thrive as we attract new and welcome existing customers back to our brands,” said Jeff Gennette, chairman and chief executive officer of Macy’s, Inc. “We’ve put significant focus on enhanced health and safety standards which has allowed our customers and colleagues to feel safe in our stores and facilities. I want to thank our colleagues for the tremendous effort that has been put into recovering our business.

Macy’s Inc. stock has also gained 14.95% of its value over the past 7 days. However, M stock has declined by -13.23% in the 3 months of the year. Over the past six months meanwhile, it has lost -33.77% and lost -55.24% year-on date.

The market cap for M stock reached $2.25 billion, with 310.60 million shares outstanding and 307.84 million shares in the current float. Compared to the average trading volume of 35.74M shares, M reached a trading volume of 80390933 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about 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 $6.38 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 3.60. 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 September 03, 2020. While these analysts kept the previous recommendation, UBS dropped their target price from $6 to $3. The new note on the price target was released on July 22, 2020, representing the official price target for Macy’s Inc. stock. Previously, the target price had yet another drop from $8 to $6, while Telsey Advisory Group kept a Market Perform rating on M stock.

The Average True Range (ATR) for Macy’s Inc. is set at 0.47, with the Price to Sales ratio for M stock in the period of the last 12 months amounting to 0.10. The Price to Book ratio for the last quarter was 0.88, with the Price to Cash per share for the same quarter was set at 5.15. Price to Free Cash Flow for M in the course of the last twelve months was 11.53 with Quick ratio for the last quarter at 0.40.

M stock trade performance evaluation

Macy’s Inc. [M] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 14.95. With this latest performance, M shares gained by 18.91% in over the last four-week period, additionally sinking by -33.77% over the last 6 months – not to mention a drop of -50.29% 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 66.02, with the RSI for the last a single of trading hit 75.07, and the three-weeks RSI is set at 60.48 for Macy’s Inc. [M]. The present Moving Average for the last 50 days of trading for this stock 6.65, while it was recorded at 7.12 for the last single week of trading, and 9.95 for the last 200 days.

Macy’s Inc. [M]: An insightful look at the core 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 0.40 and a Current Ratio set at 1.20.

Earnings per share (EPS) analysis for Macy’s Inc. [M] stock

With the latest financial reports released by the company, Macy’s Inc. posted 0.07/share EPS, while the average EPS was predicted by analysts to be reported at 0/share. 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 Ownership positions

There are presently around $2,008 million, or 87.70% of M stock, in the hands of institutional investors. The top three institutional holders of M stocks are: BLACKROCK INC. with ownership of 40,006,752, which is approximately 44.418% of the company’s market cap and around 0.12% of the total institutional ownership; YACKTMAN ASSET MANAGEMENT LP, holding 33,905,300 shares of the stock with an approximate value of $258.02 million in M stocks shares; and VANGUARD GROUP INC, currently with $249.15 million in M stock with ownership of nearly -7.47% of the company’s market capitalization.

Positions in Macy’s Inc. stocks held by institutional investors increased at the end of September and at the time of the September reporting period, where 191 institutional holders increased their position in Macy’s Inc. [NYSE:M] by around 51,344,290 shares. Additionally, 282 investors decreased positions by around 69,138,492 shares, while 48 investors held positions by with 143,375,000 shares. The mentioned changes placed institutional holdings at 263,857,782 shares, according to the latest SEC report filing. M stock had 78 new institutional investments in for a total of 10,670,016 shares, while 131 institutional investors sold positions of 25,833,665 shares during the same period.

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