Macy’s Inc (NYSE: M) on November 20, 2023, started off the session at the price of $14.42, soaring 3.60% from the previous trading day. During the day, the shares moved up to $15.12 and dropped to $14.28 before settling in for the closing price of $14.44. Within the past 52 weeks, M’s price has moved between $10.54 and $25.12.
It was noted that within the last five years, the titan of the Consumer Cyclical sector saw sales topped by 2.01%. The company achieved an average annual earnings per share of -33.10%. With a float of $271.97 million, this company’s outstanding shares have now reached $273.63 million.
The extent of productivity of a business whose workforce counts for 94570 workers is very important to gauge. In terms of profitability, gross margin is +39.51, operating margin of +6.65, and the pretax margin is +6.00.
Macy’s Inc (M) Insider and Institutional Ownership
Observing investor behavior towards Department Stores industry stocks is more important than anything else. The insider ownership of Macy’s Inc is 0.61%, while institutional ownership is 81.74%. The most recent insider transaction that took place on Sep 05, was worth 14,817. In this transaction SVP and Controller of this company sold 1,212 shares at a rate of $12.22, taking the stock ownership to the 14,727 shares. Before that another transaction happened on Jul 11, when Company’s EVP, Chief Transformation & HR sold 25,000 for $16.66, making the entire transaction worth $416,460. This insider now owns 278,272 shares in total.
Macy’s Inc (M) Latest Financial update
As on 10/30/2023, Multinational firm has announced its last quarter scores, in which it reported $0.21 earnings per share (EPS) for the period topping the consensus outlook (set at $0) by $0.21. This company achieved a net margin of +4.65 while generating a return on equity of 30.56. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.43 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -33.10% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will plunge by -10.09% during the next five years compared to -3.88% drop over the previous five years of trading.
Macy’s Inc (NYSE: M) Trading Performance Indicators
Macy’s Inc (M) is currently performing well based on its current performance indicators. A quick ratio of 0.17 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.17. Likewise, its price to free cash flow for the trailing twelve months is 7.22.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.46, a number that is poised to hit 1.96 in the next quarter and is forecasted to reach 2.75 in one year’s time.
Technical Analysis of Macy’s Inc (M)
The latest stats from [Macy’s Inc, M] show that its last 5-days average volume of 30.19 million was superior to 11.31 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 89.27%. Additionally, its Average True Range was 0.69.
During the past 100 days, Macy’s Inc’s (M) raw stochastic average was set at 70.27%, which indicates a significant decrease from 96.47% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 75.30% in the past 14 days, which was higher than the 46.08% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $11.59, while its 200-day Moving Average is $15.44. Now, the first resistance to watch is $15.29. This is followed by the second major resistance level at $15.63. The third major resistance level sits at $16.13. If the price goes on to break the first support level at $14.45, it is likely to go to the next support level at $13.95. The third support level lies at $13.61 if the price breaches the second support level.
Macy’s Inc (NYSE: M) Key Stats
Market capitalization of the company is 4.09 billion based on 273,634K outstanding shares. Right now, sales total 25,305 M and income totals 1,177 M. The company made 5,280 M in profit during its latest quarter, and -22,000 K in sales during its previous quarter.