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 $38.37, down from yesterday’s close by -4.00%. 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 $11.80 Billion. That value represents a market adjusting for revenues that have been growing by 3.39 % 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 $1.53 Billion over the past twelve months. Generally speaking, earnings are expected to fall in coming quarters. Analysts are forecasting earnings of $0.49 on a per share basis this quarter. Perhaps, that suggests something about why 0.46% of the outstanding share supply is held by institutional investors.
It’s important to check the technicals to get a sense of how M has been acting. Looking at the stock’s movement on the chart, Macy’s, Inc. recorded a 52-week high of $41.33. It is now trading 2.96% off that level. The stock is trading $32.57 its 50-day moving average by -5.8%. The stock carved out a 52-week low down at $17.41.
In recent action, Macy’s, Inc. (M) has made a move of +28.20% 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 14.57, 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 14.54% with $304.77 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of M.