The Street Is Finally Waking Up To Macy’s Inc (NYSE: M)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours.

Stocks Info

Macy’s Inc is listed on the NYSE as a member of the Consumer Cyclical sector and is a part of the Department Stores industry. The current market capitalization of Macy’s Inc is $4.26B. A total of 8.23 million shares were traded on the day, compared to an average of 7.02M shares.

In the most recent transaction, Griscom Paul sold 1,201 shares of M for 15.23 per share on Sep 05 ’24. After the transaction, the SVP and Controller now owns 29,232 company shares. In a previous transaction on Sep 05 ’24, Griscom Paul bought 4,085 shares at 15.30 per share.

Among the insiders who sold shares, Mitchell Adrian V disposed of 12,000 shares on Aug 23 ’24 at a per-share price of $15.92. This resulted in the EVP, COO & CFO holding 108,457 shares of M after the transaction. In another insider transaction, Mitchell Adrian V bought 12,000 shares at $15.17 per share on Aug 23 ’24.

Dividend

It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Macy’s Inc pays an annual dividend of $0.69, resulting in a dividend yield of 4.52%, and it has a price to earnings (P/E) ratio of 25.83. M’s most recent ex-dividend date was 4.51% when it declared a $0.1737 quarterly dividend that was paid in cash on 12/13/2024. Previously, the company paid the dividend on 9/13/2024 with an ex-dividend date of 4.37%. The M stock dividend was $0.1737 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. In terms of 52-week highs and lows, M has a high of $22.10 and a low of $13.66.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. M’s latest balance sheet shows that the firm has $1.71B in Cash & Short Term Investments as of fiscal 2022. There were $6.83B in debt and $5.42B in liabilities at the time. Its Book Value Per Share was $14.94, while its Total Shareholder’s Equity was $3.62B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for M is Buy with a score of 3.36.

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