A Look at Macy’s Inc (M) Shares in the Recent Past Indicates Growth

With 5.42 million shares changed hands, the volume of the stock remained lighter than its average volume of 8.41 million shares. During the session, the Department Stores company that operates in wider Consumer Cyclical sector, reached to the highest price of $19.90 whereas the lowest price it dropped to was $19.46. The 52-week range on M shows that it touched its highest point at $22.10 and its lowest point at $10.54 during that stretch. It currently has a 1-year price target of $20.36. With its current market cap of 5.36 billion, M has annualized dividend of $0.67 while the current yield stands at 3.43%. Beta for the stock currently stands at 2.18.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of M was down-trending over the past week, with a drop of -3.51%, but this was up by 12.04% over a month. Three-month performance dropped to -3.98% while six-month performance rose 70.80%. The stock gained 12.88% in the past year, while it has lost -2.88% so far this year. A look at the trailing 12-month EPS for M yields 0.37 with Next year EPS estimates of 2.58. For the next quarter, that number is 0.14. This implies an EPS growth rate of -25.09% for this year and -1.66% for next year. EPS is expected to grow by 12.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -36.16%.

Float and Shares Shorts:

At present, 274.23 million M shares are outstanding with a float of 272.30 million shares on hand for trading. On Mar 15, 2024, short shares totaled 18.59 million, which was 6.78% higher than short shares on Feb 15, 2024. In addition to XM as the firm’s Qualtrics International Inc., AMD serves as its Advanced Micro Devices, Inc.

Institutional Ownership:

Through their ownership of 89.44% of M’s outstanding shares, institutional investors have majority control over the company.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for M since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.