Macy’s Inc. [M] moved up 3.58: Why It’s Important

Macy’s Inc. [NYSE: M] closed the trading session at $18.21 on 09/09/22. The day’s price range saw the stock hit a low of $17.70, while the highest price level was $18.255. The company report on September 6, 2022 that Macy’s, Inc. Names Pam Quintiliano Head of Investor Relations.


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Macy’s, Inc. today announced that Pam Quintiliano will join the company as head of investor relations, effective September 12, 2022. In this role, Quintiliano will be responsible for leading the company’s active investor relations program, effectively communicating the company’s strategy to all classes of investors, with a goal of building and maintaining strong relationships with the investment community.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220906005942/en/.

The stocks have a year to date performance of -30.44 percent and weekly performance of 6.74 percent. The stock has been moved at -26.45 percent over the last six months. The stock has performed -0.49 percent around the most recent 30 days and changed -24.00 percent over the most recent 3-months.

If compared to the average trading volume of 12.31M shares, M reached to a volume of 10335121 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 $22.49 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 2.80. 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 0.88, with the Price to Sales ratio for M stock in the period of the last 12 months amounting to 0.18. The Price to Book ratio for the last quarter was 1.40, with the Price to Cash per share for the same quarter was set at 1.15. Price to Free Cash Flow for M in the course of the last twelve months was 3.71 with Quick ratio for the last quarter at 0.20.

M stock trade performance evaluation

Macy’s Inc. [M] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 6.74. With this latest performance, M shares dropped by -0.49% in over the last four-week period, additionally sinking by -26.45% over the last 6 months – not to mention a drop of -15.85% 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 49.94, with the RSI for the last a single of trading hit 52.69, and the three-weeks RSI is set at 48.78 for Macy’s Inc. [M]. The present Moving Average for the last 50 days of trading for this stock 18.12, while it was recorded at 17.42 for the last single week of trading, and 23.03 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 1.20.

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 -4.84%.

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

There are presently around $4,238 million, or 88.10% of M stock, in the hands of institutional investors. The top three institutional holders of M stocks are: VANGUARD GROUP INC with ownership of 29,331,365, which is approximately -3.989% of the company’s market cap and around 0.30% of the total institutional ownership; BLACKROCK INC., holding 26,022,636 shares of the stock with an approximate value of $473.87 million in M stocks shares; and RENAISSANCE TECHNOLOGIES LLC, currently with $224.36 million in M stock with ownership of nearly 224.499% 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 191 institutional holders increased their position in Macy’s Inc. [NYSE:M] by around 38,935,099 shares. Additionally, 245 investors decreased positions by around 43,726,395 shares, while 59 investors held positions by with 150,072,847 shares. The mentioned changes placed institutional holdings at 232,734,341 shares, according to the latest SEC report filing. M stock had 51 new institutional investments in for a total of 7,256,896 shares, while 75 institutional investors sold positions of 5,886,700 shares during the same period.

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