After finishing at $20.25 in the prior trading day, Macy’s Inc (NYSE: M) closed at $19.63, down -3.06%. In other words, the price has decreased by -$0.62 from its previous closing price. On the day, 6159504 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 5.20 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 7.98. For the most recent quarter (mrq), Quick Ratio is recorded 0.39 and its Current Ratio is at 1.37. In the meantime, Its Debt-to-Equity ratio is 1.53 whereas as Long-Term Debt/Eq ratio is at 1.45.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, TD Cowen on February 29, 2024, Downgraded its rating to Market Perform and sets its target price to $20 from $23 previously.
On February 28, 2024, Telsey Advisory Group reiterated its Market Perform rating and also lowered its target price recommendation from $15 to $21.
Citigroup Upgraded its Sell to Neutral on February 02, 2024, whereas the target price for the stock was revised from $14 to $18.
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 Mar 22 ’24 when Gennette Jeffrey sold 78,567 shares for $20.42 per share. The transaction valued at 1,604,464 led to the insider holds 994,301 shares of the business.
Kirgan Danielle L. sold 15,070 shares of M for $307,677 on Mar 22 ’24. The EVP, Chief Transformation & HR now owns 306,555 shares after completing the transaction at $20.42 per share. On Mar 22 ’24, another insider, Spring Antony, who serves as the CEO & Chair-Elect of the company, sold 13,404 shares for $20.42 each. As a result, the insider received 273,706 and left with 223,286 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 5.55B and an Enterprise Value of 10.50B. As of this moment, Macy’s’s Price-to-Earnings (P/E) ratio for their current fiscal year is 52.44, and their Forward P/E ratio for the next fiscal year is 7.70. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.37. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.23 while its Price-to-Book (P/B) ratio in mrq is 1.30. Its current Enterprise Value per Revenue stands at 0.44 whereas that against EBITDA is 9.09.
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 $10.54. The 50-Day Moving Average of the stock is 19.33, while the 200-Day Moving Average is calculated to be 15.81.
Shares Statistics:
The stock has traded on average 8.39M shares per day over the past 3-months and 8.31M shares per day over the last 10 days, according to various share statistics. A total of 274.23M shares are outstanding, with a floating share count of 272.36M. Insiders hold about 0.62% of the company’s shares, while institutions hold 88.30% stake in the company. Shares short for M as of Feb 29, 2024 were 18.08M with a Short Ratio of 2.16, compared to 20.56M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 6.59% and a Short% of Float of 7.43%.
Dividends & Splits
In the trailing 12 months, M’s forward annual dividend rate was 0.66, compared to 0.67 this year. Against a Trailing Annual Dividend Yield of 3.27%, it implies a Forward Annual Dividend Yield of 3.43%. 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 Apr 01, 2024 with an ex-dividend date of Mar 14, 2024. Stock splits for the company last occurred on Jun 12, 2006 when the company split stock in a 2:1 ratio.
Earnings Estimates
Its stock is currently analyzed by 9 different market analysts. On average, analysts expect EPS of $0.14 for the current quarter, with a high estimate of $0.16 and a low estimate of $0.12, while EPS last year was $0.56. The consensus estimate for the next quarter is $0.2, with high estimates of $0.28 and low estimates of $0.05.
Analysts are recommending an EPS of between $3.01 and $2.39 for the fiscal current year, implying an average EPS of $2.65. EPS for the following year is $2.61, with 12 analysts recommending between $3 and $1.94.
Revenue Estimates
A total of 10 analysts have provided revenue estimates for M’s current fiscal year. The highest revenue estimate was $23.55B, while the lowest revenue estimate was $21.76B, resulting in an average revenue estimate of $22.81B. In the same quarter a year ago, actual revenue was $23.09B, down -1.20% from the average estimate. Based on 10 analysts’ estimates, the company’s revenue will be $22.46B in the next fiscal year. The high estimate is $23.39B and the low estimate is $19.54B. The average revenue growth estimate for next year is down -1.50% from the average revenue estimate for this year.
