A share price of Macy’s Inc [M] is currently trading at $16.81, up 1.57%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling.
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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.
Macy’s Inc experienced fluctuations in its stock price throughout the past year between $10.54 and $22.10. Currently, Wall Street analysts expect the stock to reach $24 within the next 12 months. Macy’s Inc [NYSE: M] shares were valued at $16.81 at the most recent close of the market. An investor can expect a potential return of 42.77% based on the average M price forecast.
Analyzing the M fundamentals
Trailing Twelve Months sales for Macy’s Inc [NYSE:M] were 23.69B which represents -3.34% decline. Gross Profit Margin for this corporation currently stands at 0.4% with Operating Profit Margin at 0.06%, Pretax Profit Margin comes in at 0.0%, and Net Profit Margin reading is 0.0%. To continue investigating profitability, this company’s Return on Assets is posted at 0.0, Equity is 0.0 and Total Capital is 0.12. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.63.
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 16.51 points at the first support level, and at 16.21 for the second support level. However, for the 1st resistance point, the stock is sitting at 17.04, and for the 2nd resistance point, it is at 17.27.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Macy’s Inc [NYSE:M] is 1.38. Further, the Quick Ratio stands at 0.35, while the Cash Ratio is 0.19. Considering the valuation of this stock, the price to sales ratio is 0.20, the price to book ratio is 1.11 and price to earnings (TTM) ratio is 454.32.
Transactions by insiders
Recent insider trading involved Kirgan Danielle L., EVP, Chief HR Officer, that happened on Jul 10 ’24 when 24147.0 shares were sold. Chairman & CEO, Spring Antony completed a deal on Jul 10 ’24 to sell 18981.0 shares. Meanwhile, SVP and Controller Griscom Paul sold 336.0 shares on Jul 10 ’24.
