Macy’s Inc (M) concluded trading on Thursday at a closing price of $15.78, with 5.95 million shares of worth about $93.89 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -11.45% during that period and on February 20, 2025 the price saw a gain of about 2.94%. Currently the company’s common shares owned by public are about 277.64M shares, out of which, 275.44M shares are available for trading.
Stock saw a price change of 6.77% in past 5 days and over the past one month there was a price change of 9.74%. Year-to-date (YTD), M shares are showing a performance of -6.79% which decreased to -18.91% 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 7.09 million. The stock is currently trading 4.26% above its 20-day simple moving average (SMA20), while that difference is up 0.71% for SMA50 and it goes to -4.57% lower than SMA200.
Macy’s Inc (NYSE: M) currently have 277.64M outstanding shares and institutions hold larger chunk of about 82.67% of that.
The stock has a current market capitalization of $4.38B and its 3Y-monthly beta is at 2.10. PE ratio of stock for trailing 12 months is 26.54, 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 3.23% while standing at 3.20% over the month.
Stock’s fiscal year EPS is expected to drop by -31.67% while it is estimated to decrease by -3.30% 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.
Coverage by Gordon Haskett stated Macy’s Inc (M) stock as a Buy in their note to investors on December 16, 2024, suggesting a price target of $20 for the stock. On August 22, 2024, Telsey Advisory Group Reiterated their recommendations, while on February 29, 2024, TD Cowen Downgrade their ratings for the stock with a price target of $20. Stock get a Market perform rating from Telsey Advisory Group on February 28, 2024.
