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Sunday, April 2, 2023

Investing In Macy’s Inc. (NYSE: M): Why Should You?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Macy’s Inc. (M) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.04, or 0.19%, to $21.16. The Macy’s Inc. has recorded 154,083 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Big Dreams Bloom at the Macy’s Flower Show®.

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Stocks Info

M belongs to the Consumer Cyclical sector of the NYSE while operating in the Department Stores industry. At the end of the last regular session, the stock closed at $21.12 and fluctuated between $21.85 as its day high and $21.10 as its day low. The current market capitalization of Macy’s Inc. is $5.74B. A total of 8.98 million shares were traded on the day, compared to an average of 9.12M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, M has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 21 BUYs and 26 SELLs from insiders. Insiders purchased 841,434 shares during that period but sold 431,045.

In the most recent transaction, Mitchell Adrian V sold 3,255 shares of M for 23.67 per share on Nov 25. After the transaction, the EVP, Chief Financial Officer now owns 12,546 company shares. In a previous transaction on Sep 06, Griscom Paul sold 1,223 shares at 17.05 per share. M shares that SVP and Controller owns now total 7,550.

Among the insiders who sold shares, Griscom Paul disposed of 2,868 shares on Aug 31 at a per-share price of $17.43. This resulted in the SVP and Controller holding 4,688 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.


Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Macy’s Inc. pays an annual dividend of $0.66, resulting in a dividend yield of 3.13%, and it has a price to earnings (P/E) ratio of 5.04. M’s most recent ex-dividend date was 3/14/2023 when it declared a $0.1654 quarterly dividend that was paid in cash on 4/3/2023. Previously, the company paid the dividend on 1/3/2023 with an ex-dividend date of 12/14/2022. The M stock dividend was $0.1575 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for M in the last 3 months, the mean price target is $24.45 with high estimates of $30.00 and low estimates of $14.00. In terms of 52-week highs and lows, M has a high of $28.06 and a low of $15.10.

As of this writing, M has an earnings estimate of $1.57 per share for the current quarter. EPS was calculated based on a consensus of 13 estimates, with a high estimate of $1.67 per share and a lower estimate of $1.4. The company reported an EPS of $1 in the last quarter, which was 17.60% higher than expectations of $0.85.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. 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 3.70. A total of 4 analysts rated the stock as Buy while 1 rated it as Overweight while 9 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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