Macy’s Inc. [M] moved down -7.90: Why It’s Important

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Macy’s Inc. [NYSE: M] closed the trading session at $21.22 on 06/13/22. The day’s price range saw the stock hit a low of $20.6701, while the highest price level was $22.49. The company report on June 7, 2022 that Macy’s, Inc. to Participate in a Fireside Chat at the Jefferies Consumer Conference.


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Macy’s, Inc. (NYSE: M) today announced that Nata Dvir, chief merchandising officer, will participate in a virtual fireside chat at the Jefferies Consumer Conference. The webcast will be available at 8:00 a.m. EDT on Monday, June 20, 2022 on the investor relations section of the Macy’s, Inc. website at www.macysinc.com/investors. The recording of the webcast will be available on the same website for 90 days following the event.

The stocks have a year to date performance of -18.95 percent and weekly performance of -12.24 percent. The stock has been moved at -20.61 percent over the last six months. The stock has performed 0.09 percent around the most recent 30 days and changed -10.80 percent over the most recent 3-months.

If compared to the average trading volume of 13.81M shares, M reached to a volume of 14047843 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 $26.84 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 2.90. 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 Equal-Weight, with their previous recommendation back on May 27, 2022. The new note on the price target was released on February 24, 2022, representing the official price target for Macy’s Inc. stock. Previously, the target price had yet another drop from $45 to $40, while Jefferies kept a Buy rating on M stock. On February 23, 2022, analysts increased their price target for M shares from 33 to 35.

The Average True Range (ATR) for Macy’s Inc. is set at 1.34, with the Price to Sales ratio for M stock in the period of the last 12 months amounting to 0.23. The Price to Book ratio for the last quarter was 1.84, with the Price to Cash per share for the same quarter was set at 2.40. Price to Free Cash Flow for M in the course of the last twelve months was 3.19 with Quick ratio for the last quarter at 0.20.

M stock trade performance evaluation

Macy’s Inc. [M] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -12.24. With this latest performance, M shares gained by 0.09% in over the last four-week period, additionally sinking by -20.61% over the last 6 months – not to mention a rise of 12.93% 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 42.64, with the RSI for the last a single of trading hit 37.80, and the three-weeks RSI is set at 44.33 for Macy’s Inc. [M]. The present Moving Average for the last 50 days of trading for this stock 23.26, while it was recorded at 23.38 for the last single week of trading, and 25.17 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 +9.05 and a Gross Margin at +37.41. Macy’s Inc.’s Net Margin is presently recorded at +5.65.

Return on Equity for this stock inclined to 46.32, with Return on Assets sitting at 7.54.

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

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 -3.22%.

Macy’s Inc. [M]: Insider Ownership positions

There are presently around $5,460 million, or 91.10% of M stock, in the hands of institutional investors. The top three institutional holders of M stocks are: BLACKROCK INC. with ownership of 35,142,905, which is approximately -1.882% of the company’s market cap and around 0.20% of the total institutional ownership; VANGUARD GROUP INC, holding 30,550,118 shares of the stock with an approximate value of $703.88 million in M stocks shares; and STATE STREET CORP, currently with $269.53 million in M stock with ownership of nearly -2.652% 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 240 institutional holders increased their position in Macy’s Inc. [NYSE:M] by around 30,253,823 shares. Additionally, 198 investors decreased positions by around 39,358,077 shares, while 66 investors held positions by with 167,378,002 shares. The mentioned changes placed institutional holdings at 236,989,902 shares, according to the latest SEC report filing. M stock had 80 new institutional investments in for a total of 5,136,322 shares, while 57 institutional investors sold positions of 9,023,525 shares during the same period.

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