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Friday, December 2, 2022

There’s No Need To Panic Or Freeze When It Comes To Macy’s Inc. (NYSE: M)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Macy’s Inc. (M) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by +$1.02, or +6.34%, to $17.11. Volume reached 54,900 shares, with price reaching a high of $17.3 and a low of $17.11. The stock was recently discussed on Yahoo Finance as it revealed that VeeFriends Launches Collectible Characters Exclusively for Macy’s and Toys”R”Us.


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Stocks Info

The company is listed on the NYSE and operates within the Department Stores industry segment. At the end of the last regular session, the stock closed at $17.30 and fluctuated between $17.38 as its day high and $16.59 as its day low. The current market capitalization of Macy’s Inc. is $4.74B. A total of 11.0 million shares were traded on the day, compared to an average of 11.63M shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, M has seen 5 BUY and 5 SELL insider trades, representing the acquisition of 430,322 and the disposition of 231,720 shares. Over the last 12 months, there were 21 BUYs and 25 SELLs from insiders. Insiders purchased 838,859 shares during that period but sold 426,548.

In the most recent transaction, Griscom Paul sold 1,223 shares of M for 17.05 per share on Sep 06. After the transaction, the SVP and Controller now owns 7,550 company shares. In a previous transaction on Aug 31, Griscom Paul sold 2,868 shares at 17.43 per share. M shares that SVP and Controller owns now total 4,688.

Among the insiders who sold shares, Spring Antony disposed of 19,678 shares on Jul 11 at a per-share price of $17.36. This resulted in the EVP-Macy’s/CEO-Bloomingdale’s holding 110,575 shares of M after the transaction. In another insider transaction, Kirgan Danielle L. sold 117,752 shares at $17.36 per share on Jul 11. Company shares held by the EVP, Chief Transformation Off now total 198,033.

Dividend

The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Macy’s Inc. pays an annual dividend of $0.63, resulting in a dividend yield of 3.64%, and it has a price to earnings (P/E) ratio of 3.34. M’s most recent ex-dividend date was 09/14/2022 when it declared a $0.1575 quarterly dividend that was paid in cash on 10/03/2022. Previously, the company paid the dividend on 07/01/2022 with an ex-dividend date of 06/14/2022. The dividend was $0.1575 per share in cash.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for M in the last 3 months, the mean price target is $22.38 with high estimates of $30.00 and low estimates of $13.00. In terms of 52-week highs and lows, M has a high of $37.95 and a low of $15.10.

As of this writing, M has an earnings estimate of $0.18 per share for the current quarter. EPS was calculated based on a consensus of 8 estimates, with a high estimate of $0.21 per share and a lower estimate of $0.15. The company reported an EPS of $1.0 in the last quarter, which was 17.65% higher than expectations of $0.85.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 17 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for M is Underweight with a score of 3.56. A total of 3 analysts rated the stock as Buy while 3 rated it as Overweight while 8 rated it as Hold. Among the other participants, 1 thought the stock was Underweight and 2 thought it should be Sold.

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