Macy’s Inc. [NYSE: M] loss -2.72% on the last trading session, reaching $16.46 price per share at the time. The company report on April 26, 2021 that The Workshop at Macy’s Celebrates 10th Anniversary of the First-of-Its-Kind Diverse and Women-Owned Vendor Development Program.
Macy’s groundbreaking retail incubator welcomes 50 new brand participants.
For more than a decade, The Workshop at Macy’s (NYSE:M), a first-of-its-kind diverse and women-owned vendor development program has educated and prepared retail businesses for growth. After a yearlong pause due to the pandemic, the groundbreaking sessions resume with the 10th Anniversary cohort of 50 participating brands. The diverse and women-owned retail incubator fosters and empowers these up-and-coming businesses to scale at Macy’s and within the retail industry at large.
Macy’s Inc. represents 311.40 million in outstanding shares, while the company has a total market value of $5.11 billion with the latest information. M stock price has been found in the range of $16.33 to $17.36.
If compared to the average trading volume of 20.49M shares, M reached a trading volume of 12024944 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying 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 $13.04 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 February 24, 2021. While these analysts kept the previous recommendation, Telsey Advisory Group raised their target price from $10 to $14. The new note on the price target was released on February 19, 2021, representing the official price target for Macy’s Inc. stock. Previously, the target price had yet another raise from $9 to $14, while Jefferies kept a Buy rating on M stock. On September 03, 2020, analysts increased their price target for M shares from 6 to 7.
The Average True Range (ATR) for Macy’s Inc. is set at 0.92, with the Price to Sales ratio for M stock in the period of the last 12 months amounting to 0.28. The Price to Book ratio for the last quarter was 2.01, with the Price to Cash per share for the same quarter was set at 5.41. Price to Free Cash Flow for M in the course of the last twelve months was 26.32 with Quick ratio for the last quarter at 0.40.
Trading performance analysis for M stock
Macy’s Inc. [M] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.02. With this latest performance, M shares gained by 0.18% in over the last four-week period, additionally plugging by 134.81% over the last 6 months – not to mention a rise of 227.89% 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 48.94, with the RSI for the last a single of trading hit 47.10, and the three-weeks RSI is set at 50.52 for Macy’s Inc. [M]. The present Moving Average for the last 50 days of trading for this stock 16.47, while it was recorded at 16.59 for the last single week of trading, and 10.73 for the last 200 days.
Macy’s Inc. [M]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Macy’s Inc. [M] shares currently have an operating margin of -5.28 and a Gross Margin at +26.81. Macy’s Inc.’s Net Margin is presently recorded at -21.79.
Return on Total Capital for M is now -7.78, given the latest momentum, and Return on Invested Capital for the company is -34.20. Return on Equity for this stock declined to -88.33, with Return on Assets sitting at -18.93. When it comes to the capital structure of this company, Macy’s Inc. [M] has a Total Debt to Total Equity ratio set at 322.91. Additionally, M Total Debt to Total Capital is recorded at 76.35, with Total Debt to Total Assets ending up at 43.17. Long-Term Debt to Equity for the company is recorded at 297.38, with the Long-Term Debt to Total Capital now at 70.32.
Reflecting on the efficiency of the workforce at the company, Macy’s Inc. [M] managed to generate an average of -$52,093 per employee. Receivables Turnover for the company is 38.71 with a Total Asset Turnover recorded at a value of 0.87.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.
Macy’s Inc. [M]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Macy’s Inc. posted -2.03/share EPS, while the average EPS was predicted by analysts to be reported at -2.03/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. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Macy’s Inc. go to -11.82%.
An analysis of insider ownership at Macy’s Inc. [M]
There are presently around $4,452 million, or 90.10% of M stock, in the hands of institutional investors. The top three institutional holders of M stocks are: BLACKROCK INC. with ownership of 45,720,068, which is approximately -0.331% of the company’s market cap and around 0.12% of the total institutional ownership; VANGUARD GROUP INC, holding 31,553,752 shares of the stock with an approximate value of $519.38 million in M stocks shares; and YACKTMAN ASSET MANAGEMENT LP, currently with $414.03 million in M stock with ownership of nearly -28.32% 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 167 institutional holders increased their position in Macy’s Inc. [NYSE:M] by around 43,669,355 shares. Additionally, 195 investors decreased positions by around 31,409,933 shares, while 58 investors held positions by with 195,368,241 shares. The mentioned changes placed institutional holdings at 270,447,529 shares, according to the latest SEC report filing. M stock had 86 new institutional investments in for a total of 23,669,918 shares, while 64 institutional investors sold positions of 3,139,299 shares during the same period.