In Wednesday’s Wall Street session, Macy’s Inc (NYSE:M) shares traded at $13.27, down -2.28% from the previous session.
M stock price is now -7.79% away from the 50-day moving average and -16.34% away from the 200-day moving average. The market capitalization of the company currently stands at $3.69B.
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With the price target reduced from $17 to $15, Telsey Advisory Group maintained Market Perform rating for Macy’s Inc (NYSE: M). On March 06, 2025, JP Morgan Downgraded its previous ‘Overweight’ rating to ‘Neutral’ on the stock reducing its target price from $19 to quote $14, while ‘Gordon Haskett’ rates the stock as ‘Hold’
In other news, Spring Antony, Chairman & CEO sold 4,488 shares of the company’s stock on Mar 26 ’25. The stock was sold for $59,602 at an average price of $13.28. Upon completion of the transaction, the Chairman & CEO now directly owns 280,365 shares in the company, valued at $3.72 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 25 ’25, Chairman & CEO Spring Antony sold 3,124 shares of the business’s stock. A total of $42,917 was realized by selling the stock at an average price of $13.74. This leaves the insider owning 272,680 shares of the company worth $3.62 million. A total of 0.75% of the company’s stock is owned by insiders.
During the past 12 months, Macy’s Inc has had a low of $12.60 and a high of $20.70. As of last week, the company has a debt-to-equity ratio of 1.33, a current ratio of 1.43, and a quick ratio of 0.44. The fifty day moving average price for M is $14.4168 and a two-hundred day moving average price translates $15.88785 for the stock.
The latest earnings results from Macy’s Inc (NYSE: M) was released for 2025-02-01. The net profit margin was 2.53% and return on equity was 13.40% for M. The company reported revenue of $8.01 billion for the quarter, compared to $8.38 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -4.39 percent.
