Macy’s Inc [M] stock prices are down -3.16% to $19.30 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The M shares have gain 3.88% over the last week, with a monthly amount drifted -7.88%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Macy’s Inc [NYSE: M] stock has seen the most recent analyst activity on February 29, 2024, when TD Cowen downgraded its rating to a Market Perform and also revised its price target to $20 from $23. Previously, Telsey Advisory Group reaffirmed its Market Perform rating on February 28, 2024, and elevated its price target to $21. On February 02, 2024, upgrade upgraded it’s rating to Neutral and revised its price target to $18 on the stock. Citigroup downgraded its rating to a Sell but stick to its price target of $14 on December 12, 2023. Evercore ISI initiated its recommendation with a In-line and recommended $13 as its price target on November 07, 2023. Gordon Haskett downgraded its rating to Hold for this stock on September 27, 2023, but kept the price target unchanged to $13. In a note dated August 23, 2023, Telsey Advisory Group reiterated an Market Perform rating on this stock and revised its target price from $16 to $14.
The stock price of Macy’s Inc [M] has been fluctuating between $10.54 and $22.10 over the past year. Currently, Wall Street analysts expect the stock to reach $27.5 within the next 12 months. Macy’s Inc [NYSE: M] shares were valued at $19.30 at the most recent close of the market. An investor can expect a potential return of 42.49% based on the average M price forecast.
Analyzing the M fundamentals
The Macy’s Inc [NYSE:M] reported sales of 23.87B for trailing twelve months, representing a drop of -1.77%. Gross Profit Margin for this corporation currently stands at 0.41% with Operating Profit Margin at 0.07%, Pretax Profit Margin comes in at 0.01%, and Net Profit Margin reading is 0.0%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.03 and Total Capital is 0.12. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.81.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 19.06 points at the first support level, and at 18.82 for the second support level. However, for the 1st resistance point, the stock is sitting at 19.68, and for the 2nd resistance point, it is at 20.06.
Ratios To Look Out For
It’s worth pointing out that Macy’s Inc [NYSE:M]’s Current Ratio is 1.37. In addition, the Quick Ratio stands at 0.39 and the Cash Ratio stands at 0.23. Considering the valuation of this stock, the price to sales ratio is 0.22, the price to book ratio is 1.28 and price to earnings (TTM) ratio is 51.56.
Transactions by insiders
Recent insider trading involved Gennette Jeffrey, Director, that happened on Apr 01 ’24 when 30090.0 shares were sold. CEO & Chair-Elect, Spring Antony completed a deal on Apr 01 ’24 to sell 14859.0 shares. Meanwhile, EVP, COO & CFO Mitchell Adrian V sold 13279.0 shares on Apr 01 ’24.
