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Jan 06, 2021

Macy's (M, $12.46) is closing dozens stores in 2021

Macy’s is shuttering dozens of department stores this year, as it seeks to decrease presence in underperforming malls.

It has told the employees at about 45 of its department stores that they will close by the middle of this year.(according to a CNBC report) The closures are a part of a previously announced plan by Macy’s to shut 125 locations by 2023. The company plans to concentrate on best performing malls and even smaller stores away from malls.

In 2020, Macy’s closed about 30 locations

Currently, Macy’s operates 544 of its namesake department stores, 34 Bloomingdale’s locations, 19 Bloomingdale’s outlets and 166 Bluemercury shops, according to its website

Related Ticker: M

M in downward trend: 10-day moving average broke below 50-day moving average on March 01, 2024

The 10-day moving average for M crossed bearishly below the 50-day moving average on March 01, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 18 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on February 28, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on M as a result. In of 86 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for M turned negative on February 28, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 48 similar instances when the indicator turned negative. In of the 48 cases the stock turned lower in the days that followed. This puts the odds of success at .

M moved below its 50-day moving average on February 28, 2024 date and that indicates a change from an upward trend to a downward trend.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where M declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

Bullish Trend Analysis

The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where M advanced for three days, in of 298 cases, the price rose further within the following month. The odds of a continued upward trend are .

M may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

The Aroon Indicator entered an Uptrend today. In of 182 cases where M Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.194) is normal, around the industry mean (2.277). P/E Ratio (47.395) is within average values for comparable stocks, (47.679). M's Projected Growth (PEG Ratio) (10.195) is slightly higher than the industry average of (2.556). Dividend Yield (0.037) settles around the average of (0.029) among similar stocks. P/S Ratio (0.210) is also within normal values, averaging (0.699).

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. M’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. M’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 79, placing this stock worse than average.

Notable companies

The most notable companies in this group are Macy's (NYSE:M), Nordstrom (NYSE:JWN), Kohl's Corp (NYSE:KSS).

Industry description

A department store sells a wide variety of consumer goods under different “departments,” including (but not necessarily limited to) apparel, household appliances, home furnishings, personal care products, cosmetics, consumer electronics. During healthy macroeconomic conditions, consumers typically won’t shy away from big-ticket purchases; but during a downturn, consumer spending might get limited to the most necessary/daily essentials. Several department stores purchase items on bulk from manufacturers for resale to consumers at a profit. Some of the largest department stores companies in the U.S. include Kohl's Corporation, Macy's Inc., and Ollie's Bargain Outlet Holdings Inc.

Market Cap

The average market capitalization across the Department Stores Industry is 4.6B. The market cap for tickers in the group ranges from 208.1K to 12.34T. MHRTF holds the highest valuation in this group at 12.34T. The lowest valued company is BONT at 208.1K.

High and low price notable news

The average weekly price growth across all stocks in the Department Stores Industry was -3%. For the same Industry, the average monthly price growth was -1%, and the average quarterly price growth was -3%. LRENY experienced the highest price growth at 9%, while PKPYY experienced the biggest fall at -59%.

Volume

The average weekly volume growth across all stocks in the Department Stores Industry was -7%. For the same stocks of the Industry, the average monthly volume growth was -8% and the average quarterly volume growth was -20%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 35
P/E Growth Rating: 58
Price Growth Rating: 61
SMR Rating: 59
Profit Risk Rating: 78
Seasonality Score: 3 (-100 ... +100)
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A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

an operator of department stores

Industry DepartmentStores

Profile
Fundamentals
Details
Industry
Department Stores
Address
151 West 34th Street
Phone
+1 212 494-1621
Employees
94570
Web
https://www.macysinc.com
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M and

Correlation & Price change

A.I.dvisor indicates that over the last year, M has been closely correlated with KSS. These tickers have moved in lockstep 72% of the time. This A.I.-generated data suggests there is a high statistical probability that if M jumps, then KSS could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To M
1D Price
Change %
M100%
+3.27%
KSS - M
72%
Closely correlated
-0.47%
JWN - M
70%
Closely correlated
-1.19%
DDS - M
60%
Loosely correlated
-0.77%
CBD - M
8%
Poorly correlated
-3.78%
DDT - M
3%
Poorly correlated
-0.23%
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