Global

How Insiders and Institutions are Trading Macy’s, Inc. (M)

Recent insider trends for Macy’s, Inc. (NYSE:M) have caught the attention of investors. Analysts study insider data to get a sense of sense of what key shareholders think about the outlook for a particular stock. In the case of M, the data has some interesting implications for where the stock might be headed.

Institutions own 85.27% of Macy’s, Inc. (M)’s shares. The total value of these holdings, in millions, is $5,190. Among active positions in the latest quarter, 272 holders increased their positions by a total of 34.28 million shares, 266 holders decreased the positions by a total of 31.09 million shares, and 71 holders held their positions. This works out to a net increase in ownership of 3.19 million shares, and suggests that institutions are feeling bullish about the stock.

Among new and sold out positions, 69 holders initiated new positions by a total of 7.85 million shares and 75 holders exited their positions by a total of 4.96 million shares. This nets out to an increase of 2.89 million shares and is a bullish sign for M.

In the last three months, insiders executed a total of 2 trades. 2 of these were buys. Insider ownership increased by a total of 19825 shares, which suggests that M’s key executives are feeling more optimistic about the outlook for the stock. The data from the past twelve months tells a similar story: insiders executed 5 buys and 6 sells, and ownership increased by a net of 8256 shares.



Analysts often look at short interest, or the number of shares currently being shorted by investors, to aid in their outlook for a particular stock. Macy’s, Inc. (NYSE:M)’s short interest is 57.01 million shares, or 18.78% of the float. This represents an increase of 10% in the number of shares being shorted compared to the previous reading, and implies that investors felt more pessimistic about the stock during the past two weeks.

In light of the insider ownership and trading data it makes sense to consider technicals to see if they come to a similar conclusion about the outlook for M. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that M is a Weak sell, which implies that M is expected to underperform the market based on prior trading patterns.

Conclusion




Institutional ownership trends suggest that the stock is cheap and the insider trading data indicates that insiders are bullish. Technical indicators (also) suggest that Macy’s, Inc. (NYSE:M) is overvalued.

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