In today’s recent session, 0.56 million shares of the Macy’s Inc (NYSE:M) have been traded, and its beta is 1.80. Most recently the company’s share price was $11.25, and it changed around $0.05 or 0.40% from the last close, which brings the market valuation of the company to $3.13B. M at last check was trading at a discount to its 52-week high of $20.70, offering almost -84.0% off that amount. The share price’s 52-week low was $9.76, which indicates that the recent value has risen by an impressive 13.24% since then. We note from Macy’s Inc’s average daily trading volume that its 10-day average is 9.9 million shares, with the 3-month average coming to 7.21 million.
Macy’s Inc stock received a consensus recommendation rating of Hold, based on a mean score of 2.62. If we narrow it down even further, the data shows that 1 out of 12 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 8 recommended M as a Hold, whereas 2 deemed it a Buy, and 0 rated it as Underweight. Macy’s Inc is expected to report earnings per share of 0.15 for the current quarter.
Macy’s Inc (NYSE:M) trade information
Instantly M has been showing a green trend so far today with a performance of 0.40% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 11.90 on recent trading dayincreased the stock’s daily price by 5.46%. The company’s shares are currently down -33.58% year-to-date, but still down -5.26% over the last five days. On the other hand, Macy’s Inc (NYSE:M) is -17.07% down in the 30-day period. We can see from the shorts that 17.29 million shares have been sold at a short interest cover period of 2.12 day(s).
The consensus price target as assigned by Wall Street analysts is $13.5, which translates to bulls needing to increase their stock price by 16.67% from its current value. Analyst projections state that M is forecast to be at a low of $8 and a high of $15.
Macy’s Inc (M) estimates and forecasts
The year-over-year growth rate is expected to be -5.69%, down from the previous year.
Consensus estimates provided by 4 financial analysts predict the company will bring in an average of 4.38B in revenue for the current quarter. 4 analysts expect Macy’s Inc to make 4.64B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 4.85B and 4.94B respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -9.53%. Forecasts for the next quarter put sales growth at -5.96%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 2.68%. Macy’s Inc earnings are expected to increase by -22.33% in 2025, but the outlook is negative -9.57% per year for the next five years.
M Dividends
Macy’s Inc’s next quarterly earnings report is expected to be released on 2025-Mar-05. The annual dividend yield of the stock is 6.26 percent and its annual dividend per share was 0.70. It is important to note, however, that the 6.26% 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 84.67% of them are in the hands of institutional investors. The stock currently has a share float of 85.27%. Macy’s Inc stock is held by 546.0 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 9.3194% or 25.88 million shares worth $496.9 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
iShares Trust-iShares Core S&P Mid-Cap ETF and VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of Mar 31, 2025 . The former held 9.07 shares worth $102.29 million, making up 3.26% of all outstanding shares. On the other hand, VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund held roughly 8.27 shares worth around $93.26 million, which represents about 2.97% of the total shares outstanding.
