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The closing price of Macy’s Inc (NYSE: M) was $19.09 for the day, down -2.35% from the previous closing price of $19.55. In other words, the price has decreased by -$2.35 from its previous closing price. On the day, 3.39 million shares were traded. M stock price reached its highest trading level at $19.61 during the session, while it also had its lowest trading level at $19.06.
Ratios:
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 6.02 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 6.95. For the most recent quarter (mrq), Quick Ratio is recorded 0.35 and its Current Ratio is at 1.38. In the meantime, Its Debt-to-Equity ratio is 1.44 whereas as Long-Term Debt/Eq ratio is at 1.44.
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:
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 Jul 10 ’24 when Kirgan Danielle L. sold 24,147 shares for $18.96 per share. The transaction valued at 457,714 led to the insider holds 348,000 shares of the business.
Spring Antony sold 18,981 shares of M for $359,817 on Jul 10 ’24. The Chairman & CEO now owns 267,265 shares after completing the transaction at $18.96 per share. On Jul 10 ’24, another insider, Griscom Paul, who serves as the SVP and Controller of the company, sold 336 shares for $18.97 each. As a result, the insider received 6,372 and left with 26,348 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 5276686336 and an Enterprise Value of 10432695296. As of this moment, Macy’s’s Price-to-Earnings (P/E) ratio for their current fiscal year is 515.95, and their Forward P/E ratio for the next fiscal year is 6.90. 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 1.26. Its current Enterprise Value per Revenue stands at 0.44 whereas that against EBITDA is 5.555.
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 0.09%, while the 200-Day Moving Average is calculated to be 9.11%.
Shares Statistics:
M traded an average of 4.79M shares per day over the past three months and 5789020 shares per day over the past ten days. A total of 276.41M shares are outstanding, with a floating share count of 274.33M. Insiders hold about 0.74% of the company’s shares, while institutions hold 81.80% stake in the company. Shares short for M as of 1719532800 were 13124806 with a Short Ratio of 2.74, compared to 1717113600 on 13679846. Therefore, it implies a Short% of Shares Outstanding of 13124806 and a Short% of Float of 5.4399999999999995.
Dividends & Splits
With its trailing 12-month dividend rate of 0.67, M has a forward annual dividend rate of 0.68. Against a Trailing Annual Dividend Yield of 0.034271102The stock’s 5-year Average Dividend Yield is 7.85.
