Macy’s, Inc. (NYSE:M) marched up 8.89% compared to a 52-week low price of $20.02. The shares were last seen trading -2.24% lower, taking the closing price at $21.8 on 6/24/2019. At a recent session, the prices were hovering between $21.68 and $22.19. This company shares are 7.98% off its target price of $23.54 and the current market capitalization stands at $6.74B. The recent change has given its price a -3.03% deficit over SMA 50 and -48.08% deficit over its 52-week high. The stock witnessed 2.49% gains, -8.63% declines and -25.14% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found M’s volatility during a week at 3.05% and during a month it has been found around 3.18%.
What Does Macy’s, Inc. (M) Do?
The company describes itself in regulatory filings as, “Macy’s, Inc. engages in the retail of apparel, accessories, cosmetics, home furnishings, and other consumer goods. Its brands include Macy’s, Bloomingdale’s, and Bluemercury. It offers men’s, women’s, and children’s apparel, women’s accessories, intimate apparel, shoes, cosmetics, fragrances, as well as home and miscellaneous products. The company was founded by Rowland Hussey Macy Sr. on March 6, 1929 and is headquartered in Cincinnati, OH.” [Text can be found here: https://www.marketwatch.com/investing/stock/M/profile under company description.]Macy’s, Inc. (M) Top Holders
Institutional investors currently hold around $6.09 billion or 92.2% in M stock. Look at its top three institutional owners: Vanguard Group Inc owns $782.46 million in Macy’s, Inc., which represents roughly 11.61% of the company’s market cap and approximately 12.85% of the institutional ownership. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 30,073,924 shares of the stock are valued at $670.65 million. The third largest holder is State Street Corp, which currently holds $364.93 million worth of this stock and that ownership represents nearly 5.41% of its market capitalization.
At the end of March reporting period, 253 institutional holders increased their position in Macy’s, Inc. (NYSE:M) by some 34,295,551 shares, 342 decreased positions by 44,290,101 and 88 held positions by 194,514,417. That puts total institutional holdings at 273,100,069 shares, according to SEC filings. The stock grabbed 66 new institutional investments totaling 9,784,043 shares while 110 institutional investors sold out their entire positions totaling 5,884,033 shares.Macy’s, Inc. (NYSE:M) Insider Trades
Multiple company employees have indulged in significant insider trading. Macy’s, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that President Lawton III Harry A has acquired 5,000 shares of Macy’s, Inc. (M) in the trading session dated May. 23, 2019. These shares are worth $106,850 and were traded at $21.37 each. The SEC filing shows that BLAKE FRANCIS S performed a purchase of 10,000 shares. The Director added these shares by way of transaction on May. 22, 2019. The company’s shares were assimilated at $21.63 per share worth to an investment of some $216,300 to the account of BLAKE FRANCIS S.
Chairman and CEO, Gennette Jeffrey, purchased 5,000 common shares of Macy’s, Inc. (M) in the open market. In a transaction dated May. 17, 2019, the shares were bought at an average price of $21.96, giving away a sum of $109,800. After this purchase, 107,881 common shares of M are directly owned by the insider, with total stake valued at $2,351,795.
In the transaction dated Apr. 08, 2019, a great number of shares sold came courtesy the EVP,Controller/Enterprise Risk; Williams Felicia disposed a total of 671 shares at an average price of $25.69, amounting to approximately $17,238. The insider now directly owns shares worth $.Macy’s, Inc. (M) Analyst Guide
Several analysts have released their opinion on Macy’s, Inc. (NYSE:M), with 1 analysts believing it is a strong buy. Whereas 11 of them predict the stock is a hold. Also, there are 1 buy, 2 sell and 2 strong sell ratings, collectively assigning a 3.18 average brokerage recommendation [T1].