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.
The closing price of Macy’s Inc (NYSE: M) was $15.40 for the day, down -1.72% from the previous closing price of $15.67. In other words, the price has decreased by -$1.72 from its previous closing price. On the day, 4.56 million shares were traded. M stock price reached its highest trading level at $15.67 during the session, while it also had its lowest trading level at $15.29.
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 13.57 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 7.47. For the most recent quarter (mrq), Quick Ratio is recorded 0.17 and its Current Ratio is at 1.26. In the meantime, Its Debt-to-Equity ratio is 1.40 whereas as Long-Term Debt/Eq ratio is at 1.38.
On August 22, 2024, Telsey Advisory Group reiterated its Market Perform rating and also upped its target price recommendation from $21 to $17.
TD Cowen Downgraded its Outperform to Market Perform on February 29, 2024, whereas the target price for the stock was revised from $23 to $20.
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 Sep 05 ’24 when Griscom Paul sold 1,201 shares for $15.23 per share. The transaction valued at 18,291 led to the insider holds 29,232 shares of the business.
Griscom Paul bought 4,085 shares of M for $62,500 on Sep 05 ’24. On Aug 23 ’24, another insider, Mitchell Adrian V, who serves as the EVP, COO & CFO of the company, sold 12,000 shares for $15.92 each. As a result, the insider received 191,076 and left with 108,457 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 4275594240 and an Enterprise Value of 10003683328. As of this moment, Macy’s’s Price-to-Earnings (P/E) ratio for their current fiscal year is 25.90, and their Forward P/E ratio for the next fiscal year is 6.63. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.18 while its Price-to-Book (P/B) ratio in mrq is 1.03. Its current Enterprise Value per Revenue stands at 0.426 whereas that against EBITDA is 5.165.
Stock Price History:
The Beta on a monthly basis for M is 2.09, which has changed by -0.164859 over the last 52 weeks, in comparison to a change of 0.23095727 over the same period for the S&P500. Over the past 52 weeks, M has reached a high of $22.10, while it has fallen to a 52-week low of $13.66. The 50-Day Moving Average of the stock is -3.21%, while the 200-Day Moving Average is calculated to be -8.40%.
Shares Statistics:
M traded an average of 7.15M shares per day over the past three months and 7645240 shares per day over the past ten days. A total of 277.64M shares are outstanding, with a floating share count of 275.55M. Insiders hold about 0.75% of the company’s shares, while institutions hold 76.18% stake in the company. Shares short for M as of 1732838400 were 15886400 with a Short Ratio of 2.33, compared to 1730332800 on 14978265. Therefore, it implies a Short% of Shares Outstanding of 15886400 and a Short% of Float of 6.550000000000001.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 7.85. The current Payout Ratio is 169.02% for M, which recently paid a dividend on 2024-12-13 with an ex-dividend date of 1734048000. Stock splits for the company last occurred on 2006-06-12 when the company split stock in a 2:1 ratio.
