Currently, there are 277.37M common shares owned by the public and among those 275.30M shares have been available to trade.
The company’s stock has a 5-day price change of 0.85% and -4.36% over the past three months. M shares are trading -23.76% year to date (YTD), with the 12-month market performance up to 38.32% higher. It has a 12-month low price of $10.59 and touched a high of $22.10 over the same period. M has an average intraday trading volume of 5.44 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 -2.12%, -0.18%, and -13.70% respectively.
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Institutional ownership of Macy’s Inc (NYSE: M) shares accounts for 76.05% of the company’s 277.37M shares outstanding.
It has a market capitalization of $4.05B and a beta (3y monthly) value of 2.14. The stock’s trailing 12-month PE ratio is 23.60, while the earnings-per-share (ttm) stands at $0.65. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.71% over the week and 2.83% over the month.
Analysts forecast that Macy’s Inc (M) will achieve an EPS of -0.01 for the current quarter, 1.89 for the next quarter and 2.58 for current fiscal year. The lowest estimate earnings-per-share for the quarter is -0.04 while analysts give the company a high EPS estimate of -0.04. Comparatively, EPS for the current quarter was 0.21 a year ago. Earnings per share for the fiscal year are expected to decrease by -22.22%, and -5.80% over the next financial year.
Looking at the support for the M, a number of firms have released research notes about the stock. Telsey Advisory Group stated their Market Perform rating for the stock in a research note on August 22, 2024, with the firm’s price target at $21-$17. TD Cowen coverage for the Macy’s Inc (M) stock in a research note released on February 29, 2024 offered a Market Perform rating with a price target of $20. Telsey Advisory Group was of a view on February 28, 2024 that the stock is Market Perform, while Citigroup gave the stock Neutral rating on February 02, 2024, issuing a price target of $14- $18. Citigroup on their part issued Sell rating on December 12, 2023.
