Beyond market trends, investors keen on maximizing returns delve into the world of stock picking. The right selections can be instrumental in catapulting your wealth.
In the latest session, Macy’s Inc (NYSE: M) closed at $14.06 down -3.10% from its previous closing price of $14.51. In other words, the price has decreased by -$3.10 from its previous closing price. On the day, 6.23 million shares were traded.
Ratios:
For a deeper understanding of Macy’s Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 12.39 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 6.82. 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 December 16, 2024, Gordon Haskett Upgraded its rating to Buy which previously was Hold but kept the price unchanged to $20.
Telsey Advisory Group reiterated its Market Perform rating for the stock on August 22, 2024, while the target price for the stock was revised from $21 to $17.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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:
As of this moment, Macy’s’s Price-to-Earnings (P/E) ratio for their current fiscal year is 23.65, and their Forward P/E ratio for the next fiscal year is 6.11. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.17 while its Price-to-Book (P/B) ratio in mrq is 0.94.
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 $13.66. The 50-Day Moving Average of the stock is -9.14%, while the 200-Day Moving Average is calculated to be -14.35%.
Shares Statistics:
A total of 277.64M shares are outstanding, with a floating share count of 275.56M. Insiders hold about 0.75% of the company’s shares, while institutions hold 82.66% stake in the company.
