Macy’s Inc [NYSE: M] jumped around 0.08 points on Friday, while shares priced at $18.90 at the close of the session, up 0.43%. The company report on January 22, 2024 at 9:00 AM that Macy’s Annual Holiday Fundraising Campaign Raises & Directs $4.7 Million to Support Big Brothers Big Sisters and Mentorship Across the Country.
Fundraising and awareness campaign ignites the power of mentorship and possibility.
Big Brothers Big Sisters (BBBS), the nation’s preeminent one-to-one youth mentoring organization, is thrilled to announce fundraising results from Macy’s 2023 holiday campaign and grant awards. Through the company’s social purpose platform, Mission Every One, which is committed to creating brighter futures with bold representation for all, Macy’s customers raised $4.3 million alongside $400k in grants provided by Macy’s to help create life-changing mentoring experiences. The campaign marked the second year of a multi-year partnership between BBBS and Macy’s.
Compared to the average trading volume of 13.27M shares, M reached a trading volume of 8807255 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 $17.81 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.
Citigroup have made an estimate for Macy’s Inc shares, keeping their opinion on the stock as Sell, with their previous recommendation back on December 12, 2023.
The Average True Range (ATR) for Macy’s Inc is set at 0.65, with the Price to Sales ratio for M stock in the period of the last 12 months amounting to 0.22. The Price to Book ratio for the last quarter was 1.25, with the Price to Cash per share for the same quarter was set at 1.33. Price to Free Cash Flow for M in the course of the last twelve months was 9.14 with Quick ratio for the last quarter at 0.17.
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 7.20. With this latest performance, M shares dropped by -6.99% in over the last four-week period, additionally plugging by 16.31% over the last 6 months – not to mention a drop of -19.16% 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 56.23, with the RSI for the last a single of trading hit 57.93, and the three-weeks RSI is set at 57.36 for Macy’s Inc [M]. The present Moving Average for the last 50 days of trading for this stock 17.78, while it was recorded at 18.46 for the last single week of trading, and 15.04 for the last 200 days.
Macy’s Inc [M]: Deeper insight into the fundamentals
Macy’s Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.17 and a Current Ratio set at 1.18.
Earnings analysis for Macy’s Inc [M]
With the latest financial reports released by the company, Macy’s Inc posted 1.71/share EPS, while the average EPS was predicted by analysts to be reported at 1.57/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 8.90%. 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 12.00%.
Insider trade positions for Macy’s Inc [M]
The top three institutional holders of M stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in M stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in M stock with ownership which is approximately 5.8325%.
