Macy’s Inc. [NYSE: M] jumped around 0.45 points on Monday, while shares priced at $21.09 at the close of the session, up 2.18%. The company report on September 9, 2021 that The Mandalorian’s™ Grogu™ to Make Debut as Funko Pop!-Inspired Balloon at 2021 Macy’s Thanksgiving Day Parade®.
Giant Character Balloon Based on Pop!, a Globally Recognized Aesthetic.
Funko Exclusive Product Assortment Available on Funko.com.
Macy’s Inc. stock is now 87.47% up from its year-to-date (YTD) trading value. M Stock saw the intraday high of $21.3562 and lowest of $20.47 per share. The company’s 52-week high price is 23.76, which means current price is +90.51% above from all time high which was touched on 08/25/21.
Compared to the average trading volume of 16.41M shares, M reached a trading volume of 12480750 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 $22.46 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.
Cowen have made an estimate for Macy’s Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on September 09, 2021. While these analysts kept the previous recommendation, JP Morgan raised their target price from $19 to $25. The new note on the price target was released on August 20, 2021, representing the official price target for Macy’s Inc. stock. Previously, the target price had yet another raise from $17 to $21, while Morgan Stanley kept a Underweight rating on M stock. On August 20, 2021, analysts increased their price target for M shares from 18 to 21.
The Average True Range (ATR) for Macy’s Inc. is set at 1.03, 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 2.09, with the Price to Cash per share for the same quarter was set at 6.58. Price to Free Cash Flow for M in the course of the last twelve months was 5.00 with Quick ratio for the last quarter at 0.50.
How has M stock performed recently?
Macy’s Inc. [M] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.90. With this latest performance, M shares gained by 9.27% in over the last four-week period, additionally plugging by 1.59% over the last 6 months – not to mention a rise of 199.15% 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 51.31, with the RSI for the last a single of trading hit 46.71, and the three-weeks RSI is set at 53.33 for Macy’s Inc. [M]. The present Moving Average for the last 50 days of trading for this stock 19.31, while it was recorded at 21.31 for the last single week of trading, and 16.55 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 0.50 and a Current Ratio set at 1.10.
Earnings analysis for Macy’s Inc. [M]
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 $5,653 million, or 89.40% of M stock, in the hands of institutional investors. The top three institutional holders of M stocks are: BLACKROCK INC. with ownership of 45,722,793, which is approximately 0.165% of the company’s market cap and around 0.10% of the total institutional ownership; VANGUARD GROUP INC, holding 33,678,805 shares of the stock with an approximate value of $710.29 million in M stocks shares; and STATE STREET CORP, currently with $283.99 million in M stock with ownership of nearly -1.213% of the company’s market capitalization.
Positions in Macy’s Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 179 institutional holders increased their position in Macy’s Inc. [NYSE:M] by around 39,442,142 shares. Additionally, 153 investors decreased positions by around 24,560,945 shares, while 75 investors held positions by with 204,043,500 shares. The mentioned changes placed institutional holdings at 268,046,587 shares, according to the latest SEC report filing. M stock had 59 new institutional investments in for a total of 8,708,714 shares, while 50 institutional investors sold positions of 3,822,004 shares during the same period.