Macy’s Inc (NYSE: M) closed the day trading at $17.44 down -5.27% from the previous closing price of $18.41. In other words, the price has decreased by -$0.97 from its previous closing price. On the day, 18123342 shares were traded.
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 4.62 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 7.09. 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 1.45 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 Mar-01-24, 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 Nov 24 when Mitchell Adrian V sold 57,214 shares for $14.63 per share. The transaction valued at 837,172 led to the insider holds 78,386 shares of the business.
Griscom Paul sold 1,212 shares of M for $14,817 on Sep 05. The SVP and Controller now owns 14,727 shares after completing the transaction at $12.22 per share. On Jul 11, another insider, Kirgan Danielle L., who serves as the EVP, Chief Transformation & HR of the company, sold 25,000 shares for $16.66 each. As a result, the insider received 416,460 and left with 278,272 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 5.05B and an Enterprise Value of 10.00B. As of this moment, Macy’s’s Price-to-Earnings (P/E) ratio for their current fiscal year is 46.82, and their Forward P/E ratio for the next fiscal year is 6.59. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.90. 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 1.16. Its current Enterprise Value per Revenue stands at 0.42 whereas that against EBITDA is 8.65.
Stock Price History:
Over the past 52 weeks, M has reached a high of $23.19, while it has fallen to a 52-week low of $10.54. The 50-Day Moving Average of the stock is 19.06, while the 200-Day Moving Average is calculated to be 15.33.
Shares Statistics:
Over the past 3-months, M traded about 10.27M shares per day on average, while over the past 10 days, M traded about 9.25M shares per day. A total of 274.20M shares are outstanding, with a floating share count of 272.36M. Insiders hold about 0.62% of the company’s shares, while institutions hold 88.28% stake in the company. Shares short for M as of Feb 15, 2024 were 17.16M with a Short Ratio of 1.67, compared to 23.38M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 6.26% and a Short% of Float of 7.05%.
Dividends & Splits
M’s forward annual dividend rate is 0.66, up from 0.66 a year ago. Against a Trailing Annual Dividend Yield of 3.60%, it implies a Forward Annual Dividend Yield of 3.77%. The stock’s 5-year Average Dividend Yield is 7.85. The current Payout Ratio is 167.87% 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
Current recommendations for the stock of the company come from 8 analysts. On average, analysts expect EPS of $0.22 for the current quarter, with a high estimate of $0.47 and a low estimate of $0.12, while EPS last year was $0.56. The consensus estimate for the next quarter is $0.25, with high estimates of $0.47 and low estimates of $0.05.
Analysts are recommending an EPS of between $3.11 and $2.25 for the fiscal current year, implying an average EPS of $2.75. EPS for the following year is $2.73, with 10 analysts recommending between $3.53 and $2.15.
Revenue Estimates
A total of 11 analysts have provided revenue estimates for M’s current fiscal year. The highest revenue estimate was $23.55B, while the lowest revenue estimate was $21.09B, resulting in an average revenue estimate of $22.84B. In the same quarter a year ago, actual revenue was $23.09B, down -1.10% from the average estimate. Based on 8 analysts’ estimates, the company’s revenue will be $22.56B in the next fiscal year. The high estimate is $23.39B and the low estimate is $19.5B. The average revenue growth estimate for next year is down -1.30% from the average revenue estimate for this year.
