For Macy’s Inc. [M], Analyst sees a rise to $23. What next?


Macy’s Inc. [NYSE: M] traded at a low on 01/07/22, posting a -1.42 loss after which it closed the day’ session at $26.36. The company report on December 29, 2021 that Social Media Creators Denise Mercedes and Maria Castellanos Partner With Jenni for Exclusive Macy’s Collection.

The Style Not Size for Jenni Collection is a versatile on-trend loungewear collection designed for the woman-on-the-go.

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Today, social media influencers and viral fashion creators Denise Mercedes and Maria Castellanos launched a limited-edition exclusive capsule collection with Jenni, a Macy’s (NYSE:M) private brand, called Style Not Size. The size 14 and size 6 friends have grown a large following for their body positive videos on TikTok and Instagram, where they show off the same outfit on two different body types, under the ‘Style Not Size’ motto. The loungewear collection features soft and cozy mix-and-match separates in dreamy pastel hues and neutrals. The collection is available in sizes XS to XXL and plus sizes 1X to 3X with styles ranging from $34.50 to $59.50. Shop the collection now on and in select Macy’s locations nationwide.

The results of the trading session contributed to over 10219896 shares changing hands. Over the past one week, the price volatility of Macy’s Inc. stands at 5.36% while the volatility over the past one month is 5.03%.

The market cap for M stock reached $8.00 billion, with 313.80 million shares outstanding and 288.28 million shares in the current float. Compared to the average trading volume of 17.70M shares, M reached a trading volume of 10219896 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 $35.37 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 3.10. 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.

Morgan Stanley have made an estimate for Macy’s Inc. shares, keeping their opinion on the stock as Underweight, with their previous recommendation back on November 19, 2021. While these analysts kept the previous recommendation, Deutsche Bank raised their target price from $29 to $35. The new note on the price target was released on November 19, 2021, representing the official price target for Macy’s Inc. stock. Previously, the target price had yet another raise from $19 to $32, while Credit Suisse kept a Underperform rating on M stock. On November 19, 2021, analysts increased their price target for M shares from 37 to 45.

The Average True Range (ATR) for Macy’s Inc. is set at 1.38, with the Price to Sales ratio for M stock in the period of the last 12 months amounting to 0.34. The Price to Book ratio for the last quarter was 2.75, with the Price to Cash per share for the same quarter was set at 1.04. Price to Free Cash Flow for M in the course of the last twelve months was 8.68 with Quick ratio for the last quarter at 0.20.

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 0.69. With this latest performance, M shares dropped by -3.58% in over the last four-week period, additionally plugging by 38.01% over the last 6 months – not to mention a rise of 114.66% 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 47.95, with the RSI for the last a single of trading hit 48.42, and the three-weeks RSI is set at 48.26 for Macy’s Inc. [M]. The present Moving Average for the last 50 days of trading for this stock 28.35, while it was recorded at 27.00 for the last single week of trading, and 21.72 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 0.20 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%.

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Insider trade positions for Macy’s Inc. [M]

There are presently around $7,383 million, or 98.00% of M stock, in the hands of institutional investors. The top three institutional holders of M stocks are: BLACKROCK INC. with ownership of 45,855,717, which is approximately 0.291% of the company’s market cap and around 0.20% of the total institutional ownership; VANGUARD GROUP INC, holding 33,676,072 shares of the stock with an approximate value of $887.7 million in M stocks shares; and STATE STREET CORP, currently with $347.49 million in M stock with ownership of nearly -2.104% of the company’s market capitalization.

Positions in Macy’s Inc. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 175 institutional holders increased their position in Macy’s Inc. [NYSE:M] by around 39,476,276 shares. Additionally, 182 investors decreased positions by around 22,840,813 shares, while 63 investors held positions by with 217,779,582 shares. The mentioned changes placed institutional holdings at 280,096,671 shares, according to the latest SEC report filing. M stock had 70 new institutional investments in for a total of 9,662,367 shares, while 38 institutional investors sold positions of 4,084,677 shares during the same period.