Those aspiring to outpace the market meticulously engage in the process of selecting individual stocks. Strategic choices can be instrumental in accelerating your wealth.
In the latest session, Macy’s Inc (NYSE: M) closed at $14.56 down -8.08% from its previous closing price of $15.84. In other words, the price has decreased by -$8.08 from its previous closing price. On the day, 13.05 million shares were traded. M stock price reached its highest trading level at $15.77 during the session, while it also had its lowest trading level at $14.52.
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 12.83 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 7.07. 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:
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:
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 4397746176 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 24.49, and their Forward P/E ratio for the next fiscal year is 6.17. 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 0.97. 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 2.11, which has changed by -0.12823337 over the last 52 weeks, in comparison to a change of 0.22263205 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 $14.06. The 50-Day Moving Average of the stock is -9.50%, while the 200-Day Moving Average is calculated to be -14.72%.
Shares Statistics:
For the past three months, M has traded an average of 6.29M shares per day and 6907730 over the past ten days. 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 75.99% stake in the company. Shares short for M as of 1732838400 were 15886400 with a Short Ratio of 2.25, 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.
