Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
Macy’s Inc (NYSE: M) closed the day trading at $16.82 up 1.57% from the previous closing price of $16.56. In other words, the price has increased by $1.57 from its previous closing price. On the day, 7.39 million shares were traded. M stock price reached its highest trading level at $16.84 during the session, while it also had its lowest trading level at $16.21.
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 15.06 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 8.29. 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:
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 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 4669837312 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 28.29, and their Forward P/E ratio for the next fiscal year is 7.12. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.20 while its Price-to-Book (P/B) ratio in mrq is 1.13. Its current Enterprise Value per Revenue stands at 0.426 whereas that against EBITDA is 5.165.
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 $14.06. The 50-Day Moving Average of the stock is 4.81%, while the 200-Day Moving Average is calculated to be -2.11%.
Shares Statistics:
Over the past 3-months, M traded about 5.99M shares per day on average, while over the past 10 days, M traded about 6474740 shares per day. A total of 277.64M shares are outstanding, with a floating share count of 275.54M. Insiders hold about 0.75% of the company’s shares, while institutions hold 76.02% stake in the company. Shares short for M as of 1732838400 were 15886400 with a Short Ratio of 2.66, 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.
