Macy’s Inc [M] stock prices are up 3.96% to $16.26 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The M shares have gain 5.24% over the last week, with a monthly amount glided 8.18%, and 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 August 22, 2024, when Telsey Advisory Group reiterated its Market Perform rating and also revised its price target to $17 from $21. Previously, TD Cowen downgraded its rating to Market Perform on February 29, 2024, and dropped its price target to $20. On February 28, 2024, Telsey Advisory Group reiterated its Market Perform rating and revised its price target to $21 on the stock. Citigroup upgraded its rating to a Neutral and increased its price target to $18 on February 02, 2024. Citigroup downgraded its rating to a Sell but $14 remained the price target by the analyst firm on December 12, 2023. Evercore ISI started tracking with a In-line rating for this stock on November 07, 2023, and assigned it a price target of $13. In a note dated September 27, 2023, Gordon Haskett downgraded an Hold rating on this stock but restated the target price of $13.
The stock price of Macy’s Inc [M] has been fluctuating between $10.59 and $22.10 over the past year. Currently, Wall Street analysts expect the stock to reach $23.54 within the next 12 months. Macy’s Inc [NYSE: M] shares were valued at $16.26 at the most recent close of the market. An investor can expect a potential return of 44.77% based on the average M price forecast.
Analyzing the M fundamentals
The Macy’s Inc [NYSE:M] reported sales of 23.51B for trailing twelve months, representing a drop of -3.48%. 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 0.01%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.04 and Total Capital is 0.13. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.7.
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 15.88 points at the first support level, and at 15.51 for the second support level. However, for the 1st resistance point, the stock is sitting at 16.46, and for the 2nd resistance point, it is at 16.67.
Ratios To Look Out For
It’s worth pointing out that Macy’s Inc [NYSE:M]’s Current Ratio is 1.48. Further, the Quick Ratio stands at 0.34, while the Cash Ratio is 0.17. Considering the valuation of this stock, the price to sales ratio is 0.19, the price to book ratio is 1.05 and price to earnings (TTM) ratio is 25.02.
Transactions by insiders
Recent insider trading involved Griscom Paul, SVP and Controller, that happened on Sep 05 ’24 when 1201.0 shares were sold. Officer, Griscom Paul completed a deal on Sep 05 ’24 to buy 4085.0 shares. Meanwhile, EVP, COO & CFO Mitchell Adrian V sold 12000.0 shares on Aug 23 ’24.
