Macy’s Inc (NYSE:M) shares traded -3.04% down during most recent session to reach at the closing price of $23.61. The stock exchanged hands 19.98 Million shares versus average trading capacity of 7.29 Million shares, yielding a market cap of $7.21 Billion. Wall Street analysts covering the stock are projecting that the stock will reach $32.68 within the next 52-weeks. The mean target projections are based on 19 opinions.
Taking a broader look brokerage firms’ analysts on the street with an expectant view have Macy’s Inc (NYSE:M) high price target of $44 and with a conservative view have low price target of $27.
Gordon Haskett “Initiates Coverage On” Macy’s Inc (NYSE:M) in a research note issued to investors on 5/09/17 to Hold with price target of $29.
Additionally on 3/24/17 Citigroup “Downgrades” Macy’s Inc (NYSE:M) to Neutral setting price target at $0 and on 2/17/17 Atlantic Equities “Upgrades” the stock to Overweight at $0. Furthermore on 2/10/17 Susquehanna “Initiates Coverage On” the stock to Neutral at $31.
On the other hand the company has Relative Strength Index (RSI 14) of 20.79 along with Average True Range (ATR 14) of 0.98, Consequently Macy’s Inc (NYSE:M)’s weekly and monthly volatility is 4.50%, 2.67% respectively. The company’s beta value is at 0.8.
In terms of Buy, Sell or Hold recommendations, Macy’s Inc (NYSE:M) has analysts’ mean recommendation of 2.8. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.
Analysts who have weighed in on projected earnings growth are expecting that Macy’s Inc (NYSE:M) will report earnings of $0.53 for the current quarter on or around 8/10/17, however the company’s high EPS estimates are $0.64 and low estimates are $0.46. However the company reported $0.54 earnings per share for the same quarter during last year.
Previously Macy’s Inc (NYSE:M) reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by $-0.11. The company posted an earnings surprise of -31.4%.
Macy’s Inc (NYSE:M)’s revenue estimates for the current quarter are $5.55 Billion according to 17 number of analysts, for the current quarter the company has high revenue estimates of $5.66 Billion in contradiction of low revenue estimates of $5.48 Billion. For the current year the company’s revenue estimates are $24.72 Billion compared to low analyst estimates of $23.91 Billion and high estimates of $25.02 Billion according to 21 number of analysts.
Currently Macy’s Inc (NYSE:M)’s shares owned by insiders are 0.3%, whereas shares owned by institutional owners are 92.8%. However the six-month change in the insider ownership was recorded -2.99%, as well as three-month change in the institutional ownership was recorded 2.12%.
Macy’s Inc (NYSE:M) 52-week high price stands at $44.45 and low price stands at $24.25, its price distance from 52-week high is -46.88% while its distance from 52-week low price is -2.64%. The stock hit its 52-week high on 11/25/16, and 52-week low on 05/12/17. The company’s trailing twelve month income is 619 Million dollars and is paying 6.4% dividend yield annually.
Macy’s Inc (NYSE:M)’s trailing twelve month revenues are $25.78 Billion, whereas its price to sales ratio for the same period is 0.29. Its book value per share for the most recent quarter is $14.1 while its price to book ratio for the same period is 1.67, as for as the company’s cash per share for the most recent quarter is $3.82, however its price to cash per share ratio for the same period is 6.19. The stock has 5 year expected PEG ratio of 0.63 whereas its trailing twelve month P/E ratio is 11.79.