Macy’s Inc (M) concluded trading on Thursday at a closing price of $14.60, with 4.7 million shares of worth about $68.65 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -5.87% during that period and on February 06, 2025 the price saw a loss of about -1.88%. Currently the company’s common shares owned by public are about 277.64M shares, out of which, 275.55M shares are available for trading.
Stock saw a price change of -7.42% in past 5 days and over the past one month there was a price change of -10.98%. Year-to-date (YTD), M shares are showing a performance of -13.76% which decreased to -20.48% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $13.66 but also hit the highest price of $22.10 during that period. The average intraday trading volume for Macy’s Inc shares is 7.21 million. The stock is currently trading -2.33% below its 20-day simple moving average (SMA20), while that difference is down -8.24% for SMA50 and it goes to -12.57% lower than SMA200.
Macy’s Inc (NYSE: M) currently have 277.64M outstanding shares and institutions hold larger chunk of about 76.37% of that.
The stock has a current market capitalization of $4.05B and its 3Y-monthly beta is at 2.10. PE ratio of stock for trailing 12 months is 24.55, 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 3.17% while standing at 3.73% over the month.
Stock’s fiscal year EPS is expected to drop by -31.55% while it is estimated to decrease by -3.66% in next year. EPS is likely to grow at an annualized rate of -12.03% for next 5-years, compared to annual growth of -36.16% made by the stock over the past 5-years.
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.
