After finishing at $20.02 in the prior trading day, Macy’s Inc (NYSE: M) closed at $20.34, up 1.60%. In other words, the price has increased by $+0.32 from its previous closing price. On the day, 5632761 shares were traded.
Ratios:
Our goal is to gain a better understanding of M by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 5.39 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 8.27. For the most recent quarter (mrq), Quick Ratio is recorded 0.39 and its Current Ratio is at 1.37. In the meantime, Its Debt-to-Equity ratio is 1.45 whereas as Long-Term Debt/Eq ratio is at 1.45.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, TD Cowen on February 29, 2024, Downgraded its rating to Market Perform and sets its target price to $20 from $23 previously.
On February 28, 2024, Telsey Advisory Group reiterated its Market Perform rating and also lowered its target price recommendation from $15 to $21.
Citigroup Upgraded its Sell to Neutral on February 02, 2024, whereas the target price for the stock was revised from $14 to $18.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Nov 24 ’23 when Mitchell Adrian V sold 57,214 shares for $14.63 per share. The transaction valued at 837,172 led to the insider holds 78,386 shares of the business.
Griscom Paul sold 1,212 shares of M for $14,817 on Sep 05 ’23. The SVP and Controller now owns 14,727 shares after completing the transaction at $12.22 per share. On Jul 11 ’23, another insider, Kirgan Danielle L., who serves as the EVP, Chief Transformation & HR of the company, sold 25,000 shares for $16.66 each. As a result, the insider received 416,460 and left with 278,272 shares of the company.
Valuation Measures:
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 5.58B and an Enterprise Value of 10.53B. As of this moment, Macy’s’s Price-to-Earnings (P/E) ratio for their current fiscal year is 54.60, and their Forward P/E ratio for the next fiscal year is 7.83. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.55. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.23 while its Price-to-Book (P/B) ratio in mrq is 1.35. Its current Enterprise Value per Revenue stands at 0.44 whereas that against EBITDA is 9.11.
Stock Price History:
Over the past 52 weeks, M has reached a high of $21.85, while it has fallen to a 52-week low of $10.54. The 50-Day Moving Average of the stock is 18.99, while the 200-Day Moving Average is calculated to be 15.43.
Shares Statistics:
The stock has traded on average 10.01M shares per day over the past 3-months and 12.38M shares per day over the last 10 days, according to various share statistics. A total of 274.20M shares are outstanding, with a floating share count of 272.36M. Insiders hold about 0.62% of the company’s shares, while institutions hold 88.27% stake in the company. Shares short for M as of Feb 15, 2024 were 17.16M with a Short Ratio of 1.71, compared to 23.38M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 6.26% and a Short% of Float of 7.05%.
Dividends & Splits
In the trailing 12 months, M’s forward annual dividend rate was 0.66, compared to 0.66 this year. Against a Trailing Annual Dividend Yield of 3.31%, it implies a Forward Annual Dividend Yield of 3.42%. The stock’s 5-year Average Dividend Yield is 7.85. The current Payout Ratio is 167.87% for M, which recently paid a dividend on Apr 01, 2024 with an ex-dividend date of Mar 14, 2024. Stock splits for the company last occurred on Jun 12, 2006 when the company split stock in a 2:1 ratio.
Earnings Estimates
Its stock is currently analyzed by 9 different market analysts. On average, analysts expect EPS of $0.14 for the current quarter, with a high estimate of $0.16 and a low estimate of $0.12, while EPS last year was $0.56. The consensus estimate for the next quarter is $0.2, with high estimates of $0.28 and low estimates of $0.05.
Analysts are recommending an EPS of between $3.01 and $2.43 for the fiscal current year, implying an average EPS of $2.67. EPS for the following year is $2.62, with 12 analysts recommending between $3 and $2.1.
Revenue Estimates
A total of 9 analysts have provided revenue estimates for M’s current fiscal year. The highest revenue estimate was $23.55B, while the lowest revenue estimate was $21.76B, resulting in an average revenue estimate of $22.84B. In the same quarter a year ago, actual revenue was $23.09B, down -1.10% from the average estimate. Based on 9 analysts’ estimates, the company’s revenue will be $22.49B in the next fiscal year. The high estimate is $23.39B and the low estimate is $19.54B. The average revenue growth estimate for next year is down -1.50% from the average revenue estimate for this year.
