Macy’s Inc [M] stock is trading at $17.54, down -3.09%. 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 10.66% over the last week, with a monthly amount glided 10.38%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Macy’s Inc [NYSE: M] stock has seen the most recent analyst activity on December 16, 2024, when Gordon Haskett upgraded its rating to a Buy but kept the price target unchanged to $20 for it. Previously, Telsey Advisory Group reaffirmed its Market Perform rating on August 22, 2024, and dropped its price target to $17. On February 29, 2024, downgrade downgraded it’s rating to Market Perform and revised its price target to $20 on the stock. Telsey Advisory Group reiterated its Market Perform rating and increased its price target to $21 on February 28, 2024. Citigroup upgraded its rating to a Neutral and raised its price target to $18 on February 02, 2024. Citigroup downgraded its rating to Sell for this stock on December 12, 2023, but kept the price target unchanged to $14. In a note dated November 07, 2023, Evercore ISI initiated an In-line rating and provided a target price of $13 on this stock.
Macy’s Inc [M] stock has fluctuated between $14.06 and $22.10 over the past year. Currently, Wall Street analysts expect the stock to reach $17 within the next 12 months. Macy’s Inc [NYSE: M] shares were valued at $17.54 at the most recent close of the market. An investor can expect a potential drop of -3.08% based on the average M price forecast.
Analyzing the M fundamentals
Macy’s Inc [NYSE:M] reported sales of 23.37B for the trailing twelve months, which represents a drop of -2.68%. Gross Profit Margin for this corporation currently stands at 0.41% with Operating Profit Margin at 0.06%, 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 0.02 and Total Capital is 0.11. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.17.
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 17.36 points at the first support level, and at 17.17 for the second support level. However, for the 1st resistance point, the stock is sitting at 17.87, and for the 2nd resistance point, it is at 18.19.
Ratios To Look Out For
For context, Macy’s Inc’s Current Ratio is 1.26. In addition, the Quick Ratio stands at 0.17 and the Cash Ratio stands at 0.05. Considering the valuation of this stock, the price to sales ratio is 0.20, the price to book ratio is 1.17 and price to earnings (TTM) ratio is 29.50.
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.
