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Feb 27, 2019

Macy’s (M, $25.29) identifies five key areas for investment in 2019

The department store chain, Macy’s, has restructuring plans underway to boost its goal of saving $100 million annually and using that money for growth initiatives in 2019. With the restructuring, it plans to bring in some structural major changes but with a job cut.

But given the retail scenario today, Macy’s goals are not without challenges. With shoppers moving increasingly online, the Company’s 600 department stores across the U.S. need to justify their relevance. Some of Macy’s brands like Nike (NKE) and Coach have now opened standalone stores and at the same time have also ramped up their own websites.

Taking into account this current retail situation, Macy’s has decided to invest in five select areas in 2019. First is its Growth150 Plan where the company will further upgrade its more profitable stores with new lighting, fixtures and merchandise.

Second, focusing on Macy’s Backstage, the off-price business of the company that sells apparel and home goods at hefty discounts. Besides the already existing 120 Backstage locations, the Company plans to open 45 more this year as sales at Macy’s stores with Backstage shops inside are up 5%, on average.

Third, Macy’s will collaborate with its vendors more efficiently so that fresh and up-to-date goods arrive quicker in their stores.

Fourth, the Company will upgrade its app to further boost its online sales.

Finally, it will invest in the more profitable categories like dresses, fine jewelry, women’s footwear and beauty accessories.

The scope of the challenges Macy's faces, however, will not be fully addressed by just these upgrades. Its real estate is still the biggest challenge, and the company is now trying to find complementary uses of its some of its flagship locations, including the iconic Macy’s store in Herald Square in New York.

Related Ticker: M

M in upward trend: 10-day moving average moved above 50-day moving average on May 22, 2024

The 10-day moving average for M crossed bullishly above the 50-day moving average on May 22, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 20 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on May 21, 2024. You may want to consider a long position or call options on M as a result. In of 86 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for M just turned positive on May 03, 2024. Looking at past instances where M's MACD turned positive, the stock continued to rise in of 48 cases over the following month. The odds of a continued upward trend are .

M moved above its 50-day moving average on May 21, 2024 date and that indicates a change from a downward trend to an upward trend.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where M advanced for three days, in of 300 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The Stochastic Oscillator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.

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 .

M broke above its upper Bollinger Band on May 21, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

The Aroon Indicator for M entered a downward trend on May 10, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

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 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 weak sales and an unprofitable 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 Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued 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 (1.332) is normal, around the industry mean (2.578). M's P/E Ratio (672.667) is considerably higher than the industry average of (62.740). Projected Growth (PEG Ratio) (0.127) is also within normal values, averaging (1.636). Dividend Yield (0.033) settles around the average of (0.028) among similar stocks. P/S Ratio (0.238) is also within normal values, averaging (0.489).

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 87, placing this stock worse than average.

Notable companies

The most notable companies in this group are Macy's (NYSE:M), Nordstrom (NYSE:JWN), Kohls 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 3.43B. 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 8%. For the same Industry, the average monthly price growth was 9%, and the average quarterly price growth was 25%. LHUAF experienced the highest price growth at 193%, while ELPQF experienced the biggest fall at -4%.

Volume

The average weekly volume growth across all stocks in the Department Stores Industry was -5%. For the same stocks of the Industry, the average monthly volume growth was -29% and the average quarterly volume growth was -66%

Fundamental Analysis Ratings

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

Valuation Rating: 38
P/E Growth Rating: 57
Price Growth Rating: 56
SMR Rating: 82
Profit Risk Rating: 86
Seasonality Score: 13 (-100 ... +100)
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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
85581
Web
https://www.macysinc.com
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