Macy’s Inc (NYSE:M) shares traded -1.09% down during most recent session to reach at the closing price of $22.76. The stock exchanged hands 8.99 Million shares versus average trading capacity of 7.56 Million shares, yielding a market cap of $6.93 Billion. Wall Street analysts covering the stock are projecting that the stock will reach $27.63 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 $36 and with a conservative view have low price target of $23.
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 21.1 along with Average True Range (ATR 14) of 0.88, Consequently Macy’s Inc (NYSE:M)’s weekly and monthly volatility is 3.08%, 2.85% 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.
According to analysts Macy’s Inc (NYSE:M)’s minimum EPS for the current quarter is at $0.37 and can go high up to $0.64. The consensus mean EPS for the current quarter is at $0.51 derived from a total of 13 estimates from the analysts who have weighed in on projected earnings. 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 $5.52 Billion according to 19 number of analysts, for the current quarter the company has high revenue estimates of $5.63 Billion in contradiction of low revenue estimates of $5.42 Billion. For the current year the company’s revenue estimates are $24.66 Billion compared to low analyst estimates of $24.27 Billion and high estimates of $25.08 Billion according to 22 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 $22.71, its price distance from 52-week high is -48.8% while its distance from 52-week low price is 0.22%. The stock hit its 52-week high on 11/25/16, and 52-week low on 05/18/17.
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 0.28. Its book value per share for the most recent quarter is $14.1 while its price to book ratio for the same period is 1.61, 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 5.96. The stock has 5 year expected PEG ratio of 0.61 whereas its trailing twelve month P/E ratio is 11.36.