The closing price of Macy’s Inc. (NYSE: M) was $14.04 for the day, down -7.51% from the previous closing price of $15.18. In other words, the price has decreased by -$1.14 from its previous closing price. On the day, 18847595 shares were traded. M stock price reached its highest trading level at $15.08 during the session, while it also had its lowest trading level at $14.03.
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Our analysis of M’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 4.74 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 27.81. For the most recent quarter (mrq), Quick Ratio is recorded 0.30 and its Current Ratio is at 1.20. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.73.
Upgrades & Downgrades
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Nov 25 when Mitchell Adrian V sold 3,255 shares for $23.67 per share. The transaction valued at 77,035 led to the insider holds 12,546 shares of the business.
Griscom Paul sold 1,223 shares of M for $20,852 on Sep 06. The SVP and Controller now owns 7,550 shares after completing the transaction at $17.05 per share. On Aug 31, another insider, Griscom Paul, who serves as the SVP and Controller of the company, sold 2,868 shares for $17.43 each. As a result, the insider received 49,992 and left with 4,688 shares of the company.
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, M now has a Market Capitalization of 4.03B and an Enterprise Value of 9.56B. As of this moment, Macy’s’s Price-to-Earnings (P/E) ratio for their current fiscal year is 3.45, and their Forward P/E ratio for the next fiscal year is 3.78. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.16 while its Price-to-Book (P/B) ratio in mrq is 1.02. Its current Enterprise Value per Revenue stands at 0.38 whereas that against EBITDA is 3.75.
Stock Price History:
Over the past 52 weeks, M has reached a high of $25.12, while it has fallen to a 52-week low of $14.48. The 50-Day Moving Average of the stock is 16.70, while the 200-Day Moving Average is calculated to be 19.40.
M traded an average of 11.19M shares per day over the past three months and 13.24M shares per day over the past ten days. A total of 297.60M shares are outstanding, with a floating share count of 270.31M. Insiders hold about 0.30% of the company’s shares, while institutions hold 83.60% stake in the company. Shares short for M as of Apr 27, 2023 were 21.74M with a Short Ratio of 20.97M, compared to 18.13M on Mar 30, 2023. Therefore, it implies a Short% of Shares Outstanding of 7.98% and a Short% of Float of 9.00%.
Dividends & Splits
With its trailing 12-month dividend rate of 0.63, M has a forward annual dividend rate of 0.66. Against a Trailing Annual Dividend Yield of 4.15%, it implies a Forward Annual Dividend Yield of 4.47%. The current Payout Ratio is 15.30% for M, which recently paid a dividend on Apr 02, 2023 with an ex-dividend date of Mar 13, 2023. Stock splits for the company last occurred on Jun 11, 2006 when the company split stock in a 2:1 ratio.
The firm’s stock currently is rated by 9 analysts. On average, analysts expect EPS of $0.45 for the current quarter, with a high estimate of $0.49 and a low estimate of $0.41, while EPS last year was $1.08. The consensus estimate for the next quarter is $0.72, with high estimates of $0.85 and low estimates of $0.58.
Analysts are recommending an EPS of between $4.06 and $2.95 for the fiscal current year, implying an average EPS of $3.7. EPS for the following year is $3.68, with 14 analysts recommending between $4.24 and $2.9.
It is expected that $90B in revenue will be generated in the current quarter, according to 10 analysts. It ranges from a high estimate of $5.21B to a low estimate of $4.77B. As of the current estimate, Macy’s Inc.’s year-ago sales were $5.35B, an estimated decrease of -5.70% from the year-ago figure. For the next quarter, 10 analysts are estimating revenue of $5.38B, a decrease of -3.90% over than the figure of -$5.70% in the same quarter last year. There is a high estimate of $5.59B for the next quarter, whereas the lowest estimate is $5.17B.
A total of 12 analysts have provided revenue estimates for M’s current fiscal year. The highest revenue estimate was $24.95B, while the lowest revenue estimate was $22.65B, resulting in an average revenue estimate of $24B. In the same quarter a year ago, actual revenue was $24.44B, down -1.80% from the average estimate. Based on 11 analysts’ estimates, the company’s revenue will be $23.74B in the next fiscal year. The high estimate is $25.63B and the low estimate is $21.01B. The average revenue growth estimate for next year is down -1.10% from the average revenue estimate for this year.