In today’s recent session, 11.91 million shares of the Macy’s Inc (NYSE:M) have been traded, and its beta is 2.13. Most recently the company’s share price was $15.35, and it changed around -$1.37 or -8.22% from the last close, which brings the market valuation of the company to $4.26B. M at last check was trading at a discount to its 52-week high of $22.10, offering almost -43.97% off that amount. The share price’s 52-week low was $14.06, which indicates that the recent value has risen by an impressive 8.4% since then. We note from Macy’s Inc’s average daily trading volume that its 10-day average is 5.54 million shares, with the 3-month average coming to 5.11 million.
Macy’s Inc stock received a consensus recommendation rating of Hold, based on a mean score of 2.50. If we narrow it down even further, the data shows that 1 out of 14 analysts rate the stock as a Sell; another 3 rate it as Overweight. Among the rest, 9 recommended M as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight.
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Macy’s Inc (NYSE:M) trade information
Instantly M has been showing red trend so far today with a performance of -8.22% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 17.29 on recent trading dayincreased the stock’s daily price by 11.22%. The company’s shares are currently down -23.73% year-to-date, but still down -8.33% over the last five days. On the other hand, Macy’s Inc (NYSE:M) is 0.03% up in the 30-day period. We can see from the shorts that 15.89 million shares have been sold at a short interest cover period of 2.65 day(s).
The consensus price target as assigned by Wall Street analysts is $17, which translates to bulls needing to increase their stock price by 9.71% from its current value. Analyst projections state that M is forecast to be at a low of $17 and a high of $17.
Macy’s Inc (M) estimates and forecasts
Macy’s Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -20.33 percent over the past six months and at a -21.71% annual growth rate that is well above the industry average of -32.60%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -36.16%.
M Dividends
Macy’s Inc’s next quarterly earnings report is expected to be released in January. The annual dividend yield of the stock is 4.47 percent and its annual dividend per share was 0.69. It is important to note, however, that the 4.47% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 7.85 per year.
Macy’s Inc (NYSE:M)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.70% of Macy’s Inc shares, and 78.20% of them are in the hands of institutional investors. The stock currently has a share float of 78.76%. Macy’s Inc stock is held by 562.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 12.298% of the shares, which is about 33.95 million shares worth $651.93 million.
BLACKROCK INC., with 9.3734% or 25.88 million shares worth $496.9 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
