Macy’s Inc (M) concluded trading on Tuesday at a closing price of $16.93, with 5.85 million shares of worth about $99.03 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -4.99% during that period and on December 31, 2024 the price saw a gain of about 0.95%. Currently the company’s common shares owned by public are about 277.64M shares, out of which, 275.54M shares are available for trading.
Stock saw a price change of 1.68% in past 5 days and over the past one month there was a price change of 4.25%. Year-to-date (YTD), M shares are showing a performance of -15.85% which decreased to -15.85% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $14.06 but also hit the highest price of $22.10 during that period. The average intraday trading volume for Macy’s Inc shares is 5.95 million. The stock is currently trading 1.62% above its 20-day simple moving average (SMA20), while that difference is up 5.71% for SMA50 and it goes to -1.74% lower than SMA200.
Macy’s Inc (NYSE: M) currently have 277.64M outstanding shares and institutions hold larger chunk of about 75.99% of that.
The stock has a current market capitalization of $4.75B and its 3Y-monthly beta is at 2.12. PE ratio of stock for trailing 12 months is 28.47, while it has posted earnings per share of $0.59 in the same period. It has Quick Ratio of 0.17 while making debt-to-equity ratio of 1.40. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for M, volatility over the week remained 4.23% while standing at 4.29% over the month.
Stock’s fiscal year EPS is expected to drop by -29.93% while it is estimated to decrease by -3.64% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Gordon Haskett on December 16, 2024 offering a Buy rating for the stock and assigned a target price of $20 to it. Coverage by Telsey Advisory Group stated Macy’s Inc (M) stock as a Market perform in their note to investors on August 22, 2024, suggesting a price target of $17 for the stock. On February 29, 2024, TD Cowen Downgrade their recommendations, while on February 28, 2024, Telsey Advisory Group Reiterated their ratings for the stock with a price target of $21. Stock get a Neutral rating from Citigroup on February 02, 2024.
