Macy’s Inc (NYSE:M) price on current trading day, fall -5.18% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $11.26.
A look at the stock’s price movement, the level at last check in today’s session was $11.87, moving within a range at $11.185 and $11.895. The beta value (5-Year monthly) was 1.752 while the PE ratio in trailing twelve months stood at 5.46. Turning to its 52-week performance, $20.70 and $9.76 were the 52-week high and 52-week low respectively. Overall, M moved -19.15% over the past month.
Macy’s Inc’s market cap currently stands at around $3.14 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Mar-05. The company has a Forward Dividend ratio of 0.70, with its dividend yield at 6.25%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 4.38B for the company’s revenue for the quarter, with a low and high estimate of 4.29B and 4.45B respectively. The average forecast suggests down to a -9.53% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 21.02B, representing a -5.69% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that M is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
13 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 6 analyst(s) rate the stock as a Hold, 6 recommend M as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 1 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
M’s current price about -10.99% and -18.39% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 39.46, while 7-day volatility ratio is 13.12% and 5.79% in the 30-day chart. Further, Macy’s Inc (M) has a beta value of 1.78, and an average true range (ATR) of 0.83. Analysts have given the company’s stock an average 52-week price target of $13.5, forecast between a low of $8 and high of $15. Looking at the price targets, the low is 28.95% off recent price level in today’s trading while to achieve the yearly target high, it has to move -33.21%. Nonetheless, investors will most likely welcome a -19.89% jump to $13.5 which is the analysts’ median price.
If we refocus on Macy’s Inc (NYSE:M), historical trading data shows that trading volumes averaged 9.81 over the past 10 days and 7.52 million over the past 3 months. The company’s latest data on shares outstanding shows there are 277.69 million shares.
The 0.84% of Macy’s Inc’s shares are in the hands of company insiders while institutional holders own 82.63% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 18.78 million on 2025-03-14, giving us a short ratio of 2.36. The data shows that as of 2025-03-14 short interest in Macy’s Inc (M) stood at 773.0 of shares outstanding, with shares short rising to 16.37 million registered in 2025-02-14. Current price change has pushed the stock -33.52% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the M stock continues to rise going into the next quarter.
