A share price of Macy’s Inc [M] is currently trading at $15.34, down -0.58%. An important factor to consider is whether the stock is rising or falling in short-term value. The M shares have lost -0.45% over the last week, with a monthly amount drifted -0.07%, 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 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.
Macy’s Inc experienced fluctuations in its stock price throughout the past year between $10.59 and $22.10. 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 $15.34 at the most recent close of the market. An investor can expect a potential return of 53.46% based on the average M price forecast.
Analyzing the M fundamentals
Trailing Twelve Months sales for Macy’s Inc [NYSE:M] were 23.51B which represents -3.48% decline. 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 15.16 points at the first support level, and at 14.97 for the second support level. However, for the 1st resistance point, the stock is sitting at 15.50, and for the 2nd resistance point, it is at 15.65.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Macy’s Inc [NYSE:M] is 1.48. On the other hand, the Quick Ratio is 0.34, and the Cash Ratio is 0.17. Considering the valuation of this stock, the price to sales ratio is 0.18, the price to book ratio is 0.99 and price to earnings (TTM) ratio is 23.60.
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.
