Currently, there are 274.07M common shares owned by the public and among those 272.36M shares have been available to trade.
Insiders at the company have transacted a total of 54 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 26 of these insider trades were purchases, accounting for 1,633,413 shares. Insider sales of the common stock occurred on 28 occasions, with total insider shares sold totaling 868,582 shares.
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However, the script later moved the day high at 19.68, up 1.99%. The company’s stock has a 5-day price change of -0.51% and 30.35% over the past three months. M shares are trading -3.08% year to date (YTD), with the 12-month market performance down to -6.43% lower. It has a 12-month low price of $10.54 and touched a high of $23.19 over the same period. M has an average intraday trading volume of 10.26 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 3.04%, 2.09%, and 27.88% respectively.
Institutional ownership of Macy’s Inc (NYSE: M) shares accounts for 88.31% of the company’s 274.07M shares outstanding.
It has a market capitalization of $5.34B and a beta (3y monthly) value of 2.19. The stock’s trailing 12-month PE ratio is 7.94, while the earnings-per-share (ttm) stands at $2.46. The company has a PEG of 0.66 and a Quick Ratio of 0.17 with the debt-to-equity ratio at 1.49. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.19% over the week and 2.52% over the month.
Analysts forecast that Macy’s Inc (M) will achieve an EPS of $1.96 for the current quarter, $0.46 for the next quarter and $2.76 for 2025. The lowest estimate earnings-per-share for the quarter is $1.71 while analysts give the company a high EPS estimate of $2.2. Comparatively, EPS for the current quarter was $1.71 a year ago. Earnings per share for the fiscal year are expected to decrease by -32.31%, and -9.10% over the next financial year. EPS should grow at an annualized rate of 12.00% over the next five years, compared to -3.88% over the past 5-year period.
Looking at the support for the M, a number of firms have released research notes about the stock. Citigroup stated their Neutral rating for the stock in a research note on February 02, 2024, with the firm’s price target at $14-$18. Citigroup coverage for the Macy’s Inc (M) stock in a research note released on December 12, 2023 offered a Sell rating with a price target of $14. Evercore ISI was of a view on November 07, 2023 that the stock is In-line, while Gordon Haskett gave the stock Hold rating on September 27, 2023, issuing a price target of $13. Telsey Advisory Group on their part issued Market Perform rating on August 23, 2023.
