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After finishing at $13.36 in the prior trading day, Macy’s Inc (NYSE: M) closed at $13.31, down -0.37%. In other words, the price has decreased by -$0.37 from its previous closing price. On the day, 11.98 million shares were traded.
Ratios:
Our goal is to gain a better understanding of M by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 11.73 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 6.46. 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:
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:
As of this moment, Macy’s’s Price-to-Earnings (P/E) ratio for their current fiscal year is 22.38, and their Forward P/E ratio for the next fiscal year is 5.82. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.16 while its Price-to-Book (P/B) ratio in mrq is 0.89.
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 $13.23. The 50-Day Moving Average of the stock is -12.77%, while the 200-Day Moving Average is calculated to be -18.34%.
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 82.70% stake in the company.
