After Hours
There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Most recently, Yahoo Finance reported about the stock as it publicized that Arkhouse Issues Statement on Settlement with Macy’s.
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Stocks Info
As a NYSE listed company, M falls under the Consumer Cyclical sector while operating within the Department Stores industry segment. The current market capitalization of Macy’s Inc is $5.54B. A total of 6.82 million shares were traded on the day, compared to an average of 8.43M shares.
In the most recent transaction, Gennette Jeffrey sold 30,090 shares of M for 19.66 per share on Apr 01 ’24. After the transaction, the Director now owns 1,073,699 company shares. In a previous transaction on Apr 01 ’24, Spring Antony sold 14,859 shares at 19.63 per share. M shares that CEO & Chair-Elect owns now total 248,897.
Among the insiders who sold shares, Mitchell Adrian V disposed of 13,279 shares on Apr 01 ’24 at a per-share price of $19.63. This resulted in the EVP, COO & CFO holding 120,457 shares of M after the transaction. In another insider transaction, Kirgan Danielle L. sold 6,680 shares at $19.66 per share on Apr 01 ’24. Company shares held by the EVP, Chief Transformation & HR now total 324,635.
Dividend
Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Macy’s Inc pays an annual dividend of $0.67, resulting in a dividend yield of 3.32%, and it has a price to earnings (P/E) ratio of 53.94. M’s most recent ex-dividend date was 3/14/2024 when it declared a $0.1737 quarterly dividend that was paid in cash on 4/1/2024. Previously, the company paid the dividend on 1/2/2024 with an ex-dividend date of 12/14/2023. The M stock dividend was $0.1654 per share in cash.
In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. In terms of 52-week highs and lows, M has a high of $22.10 and a low of $10.54.
As of this writing, M has an earnings estimate of $0.14 per share for the current quarter. EPS was calculated based on a consensus of 9 estimates, with a high estimate of $0.16 per share and a lower estimate of $0.12.
Balance Sheet Annually/Quarterly
The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. 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 $15.09, while its Total Shareholder’s Equity was $3.62B.
Analysts Opinion
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. 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 3.25.
