Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
Macy’s Inc (NYSE: M) closed the day trading at $18.73 down -1.52% from the previous closing price of $19.02. In other words, the price has decreased by -$1.52 from its previous closing price. On the day, 3.28 million shares were traded. M stock price reached its highest trading level at $18.99 during the session, while it also had its lowest trading level at $18.68.
Ratios:
For a better understanding of M, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 4.97 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 7.62. 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 1.53 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 Apr 01 ’24 when Gennette Jeffrey sold 30,090 shares for $19.66 per share. The transaction valued at 591,422 led to the insider holds 1,073,699 shares of the business.
Spring Antony sold 14,859 shares of M for $291,743 on Apr 01 ’24. The CEO & Chair-Elect now owns 248,897 shares after completing the transaction at $19.63 per share. On Apr 01 ’24, another insider, Mitchell Adrian V, who serves as the EVP, COO & CFO of the company, sold 13,279 shares for $19.63 each. As a result, the insider received 260,716 and left with 120,457 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 5153690112 and an Enterprise Value of 10087105536. As of this moment, Macy’s’s Price-to-Earnings (P/E) ratio for their current fiscal year is 50.04, and their Forward P/E ratio for the next fiscal year is 7.29. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.22 while its Price-to-Book (P/B) ratio in mrq is 1.24. Its current Enterprise Value per Revenue stands at 0.423 whereas that against EBITDA is 5.115.
Stock Price History:
Over the past 52 weeks, M has reached a high of $22.10, while it has fallen to a 52-week low of $10.54. The 50-Day Moving Average of the stock is -4.74%, while the 200-Day Moving Average is calculated to be 15.84%.
Shares Statistics:
Over the past 3-months, M traded about 7.84M shares per day on average, while over the past 10 days, M traded about 5454750 shares per day. A total of 274.23M shares are outstanding, with a floating share count of 272.24M. Insiders hold about 0.74% of the company’s shares, while institutions hold 88.31% stake in the company. Shares short for M as of 1711584000 were 16645761 with a Short Ratio of 2.12, compared to 1709164800 on 18082255. Therefore, it implies a Short% of Shares Outstanding of 16645761 and a Short% of Float of 6.84.
Dividends & Splits
M’s forward annual dividend rate is 0.67, up from 0.662 a year ago. Against a Trailing Annual Dividend Yield of 0.034805465The stock’s 5-year Average Dividend Yield is 7.85.
