Macy’s, Inc. (NYSE:M): What’s the Story?

Macy’s, Inc. (M) is an interesting player in the Services space, with a focus on Department Stores. The stock has been active on the tape, currently trading at $33.84, up from yesterday’s close by 2.02%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

Macy’s, Inc. (M) currently trades with a market capitalization of $10.53 Billion. That value represents a market adjusting for revenues that have been growing by 1.77 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of $1.46 Billion over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $0.35 on a per share basis this quarter. Perhaps, that suggests something about why 0.45% of the outstanding share supply is held by institutional investors.

Technical Analysis

Sometimes, we can understand most about a stock by simply looking at how it has been trading. Looking at the stock’s movement on the chart, Macy’s, Inc. recorded a 52-week high of $33.40. It is now trading -0.44% off that level. The stock is trading $29.75 its 50-day moving average by -4.09%. The stock carved out a 52-week low down at $17.41.

In recent action, Macy’s, Inc. (M) has made a move of +15.06% over the past month, which has come on Strong relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 15.08, and it’s gotten there by action that has been less volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 15.36% with $304.64 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of M.

Previous articleDigging Up the Facts on Comcast Corporation (CMCSA)
Next articleChecking the Overall Picture for The Williams Companies (WMB)