Macy’s Inc. [NYSE: M] jumped around 1.33 points on Monday, while shares priced at $17.91 at the close of the session, up 8.02%. The company report on April 28, 2021 that Macy’s Flower Show® Presents Give. Love. Bloom.
The 46th annual springtime celebration blooms once again at Macy’s Herald Square Sunday, May 2 through Sunday, May 16.
This Spring, dazzling blooms and stunning floral landscapes take root as the Macy’s Flower Show® brings a floral celebration of fortitude to Macy’s (NYSE:M) flagship store at Herald Square in New York. From Sun., May 2 through Sun., May 16, 2021, Give. Love. Bloom. will enchant floral aficionados as they explore over-the-top gardens both inside the flagship’s main floor, balcony level and famed windows and this year for the first time-ever with a special presentation at Herald Square Park. With the spirit of renewal and new days of hope on the horizon, Macy’s annual celebration has been reimagined to safely bring the magic of spring to life for guests in and around the world-famous store.
Macy’s Inc. stock is now 59.20% up from its year-to-date (YTD) trading value. M Stock saw the intraday high of $18.00 and lowest of $16.52 per share. The company’s 52-week high price is 22.30, which means current price is +61.79% above from all time high which was touched on 01/27/21.
Compared to the average trading volume of 17.21M shares, M reached a trading volume of 18781461 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus 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 $13.40 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 3.40. 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 0.91, with the Price to Sales ratio for M stock in the period of the last 12 months amounting to 0.31. The Price to Book ratio for the last quarter was 2.18, with the Price to Cash per share for the same quarter was set at 5.34. Price to Free Cash Flow for M in the course of the last twelve months was 29.02 with Quick ratio for the last quarter at 0.40.
How has M stock performed recently?
Macy’s Inc. [M] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 8.81. With this latest performance, M shares gained by 13.93% in over the last four-week period, additionally plugging by 188.87% over the last 6 months – not to mention a rise of 234.14% 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 59.25, with the RSI for the last a single of trading hit 63.32, and the three-weeks RSI is set at 57.32 for Macy’s Inc. [M]. The present Moving Average for the last 50 days of trading for this stock 16.70, while it was recorded at 17.16 for the last single week of trading, and 10.99 for the last 200 days.
Macy’s Inc. [M]: Deeper insight into the fundamentals
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.
Earnings analysis for Macy’s Inc. [M]
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%.
Insider trade positions for Macy’s Inc. [M]
There are presently around $4,476 million, or 90.00% 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 $523.16 million in M stocks shares; and YACKTMAN ASSET MANAGEMENT LP, currently with $417.05 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 May and at the time of the May reporting period, where 162 institutional holders increased their position in Macy’s Inc. [NYSE:M] by around 43,477,411 shares. Additionally, 194 investors decreased positions by around 30,778,749 shares, while 61 investors held positions by with 195,692,452 shares. The mentioned changes placed institutional holdings at 269,948,612 shares, according to the latest SEC report filing. M stock had 81 new institutional investments in for a total of 23,503,837 shares, while 63 institutional investors sold positions of 2,394,571 shares during the same period.