Macy's stock has surged in recent days thanks to an online trading community throwing their support behind highly-shorted stocks.
Motivated by collective outrage, Reddit forum wallstreetbets began buying stocks to companies that major investors were essentially betting against.
While it started with Gamestop (GME), forum users quickly applied their technique to a number of different companies, including AMC and Macy's (M).
Macy's stock climbed from a close of US$12.32 on January 21, to a close of US$17.73 on January 27th. However, the following day, shares dropped to US$15.57.
The sudden drop is partly due to controversial action taken by several trading platforms, which began pausing or restricting trading of certain shares amid the unprecedented activity.
While some brokers are beginning to allow access again, traders should be extremely cautious amid so much volatility.
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Since the stock market crash that started in February 2020, Macys's share price has had significant positive movement.
Its last market close was $21.93, which is 25.99% up on its pre-crash value of $16.23 and 363.64% up on the lowest point reached during the March 2020 crash when the shares fell as low as $4.73.
If you had bought $1,000 worth of Macys shares at the start of February 2020, those shares would have been worth $292.21 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth $1,332.25.
| Open | $22 |
|---|---|
| High | $22.315 |
| Low | $21.665 |
| Close | $21.93 |
| Previous close | $22.12 |
| Change | $-0.19 |
| Change % | -0.859% |
| Volume | 14,900,163 |
| 52-week range | $5.5304 - $23.591 |
|---|---|
| 50-day moving average | $20.5091 |
| 200-day moving average | $18.2977 |
| Wall St. target price | $22.77 |
| PE ratio | 13.3313 |
| Dividend yield | $0.15 (0.68%) |
| Earnings per share (TTM) | $1.645 |
Other fees apply. Your capital is at risk.
Both exchange rates and share prices fluctuate in real time, so the costs presented here should be considered as a guide only. They do not incorporate stamp duty. Always refer to the platform itself for availability and pricing – which may differ from our information.
| Platform | Platform fee | Min. initial deposit | Trading fee estimate | |
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£0 | No minimum | £3.59 £802.17 total |
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£0 | $50 | £3.99 £802.57 total |
Capital at risk |
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£0 | £0.01 | £1.37 £799.95 total |
Capital at risk |
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£0 | £50 | £4.14 £802.72 total |
Capital at risk |
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£0 | £1 | £20.08 £818.66 total |
Capital at risk |
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£9.99 per month | No minimum | £20.11 £818.70 total |
Capital at risk |
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£0 | No minimum | £7.99 £806.57 total |
Capital at risk |
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£36 per year | £20 | £19.63 £818.21 total |
Capital at risk |
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All investing should be regarded as longer term. The value of your investments can go up and down, and you may get back less than you invest. Past performance is no guarantee of future results. If you’re not sure which investments are right for you, please seek out a financial adviser. Capital at risk.
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
Historical closes compared with the last close of $21.93
| 1 week (2021-09-09) | 1.34% |
|---|---|
| 1 month (2021-08-19) | 1.48% |
| 3 months (2021-06-18) | 23.76% |
| 6 months (2021-03-19) | 17.21% |
| 1 year (2020-09-18) | 224.41% |
|---|---|
| 2 years (2019-09-19) | 39.50% |
| 3 years (2018-09-19) | -38.31% |
| 5 years (2016-09-19) | -37.73% |
Valuing a stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of overall performance. However, analysts commonly use some key metrics to help gauge value.
Macys's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 13x. In other words, Macys shares trade at around 13x recent earnings.
That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.
Macys's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 0.9128. A PEG ratio below 1 can be interpreted as meaning the shares are not overvalued given the current rate of growth.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Macys's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
Macys's EBITDA (earnings before interest, taxes, depreciation and amortisation) is a whopping $2 billion (£1.5 billion).
The EBITDA is a measure of a Macys's overall financial performance and is widely used to measure a its profitability.
| Revenue TTM | $21.9 billion |
|---|---|
| Operating margin TTM | 6.09% |
| Gross profit TTM | $5.8 billion |
| Return on assets TTM | 4.63% |
| Return on equity TTM | 18.87% |
| Profit margin | 2.35% |
| Book value | $10.158 |
| Market capitalisation | $6.8 billion |
TTM: trailing 12 months
There are currently 44.8 million Macys shares held short by investors – that's known as the "short interest". This figure is 6.1% up from 42.3 million last month.
There are a few different ways that this level of interest in shorting Macys shares can be evaluated.
Macys's "short interest ratio" (SIR) is the quantity of Macys shares currently shorted divided by the average quantity of Macys shares traded daily (recently around 22.5 million). Macys's SIR currently stands at 1.99. In other words for every 100,000 Macys shares traded daily on the market, roughly 1990 shares are currently held short.
However Macys's short interest can also be evaluated against the total number of Macys shares, or, against the total number of tradable Macys shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Macys's short interest could be expressed as 0.14% of the outstanding shares (for every 100,000 Macys shares in existence, roughly 140 shares are currently held short) or 0.1451% of the tradable shares (for every 100,000 tradable Macys shares, roughly 145 shares are currently held short).
Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Macys.
Find out more about how you can short Macys stock.
Environmental, social and governance (known as ESG) criteria are a set of three factors used to measure the sustainability and social impact of companies like Macys.
Macys's total ESG risk: 15.46
Socially conscious investors use ESG scores to screen how an investment aligns with their worldview, and Macys's overall score of 15.46 (as at 01/01/2019) is excellent – landing it in it in the 9th percentile of companies rated in the same sector.
ESG scores are increasingly used to estimate the level of risk a company like Macys is exposed to within the areas of "environmental" (carbon footprint, resource use etc.), "social" (health and safety, human rights etc.), and "governance" (anti-corruption, tax transparency etc.).
Macys's environmental score: 6.11/100
Macys's environmental score of 6.11 puts it squarely in the 4th percentile of companies rated in the same sector. This could suggest that Macys is a leader in its sector terms of its environmental impact, and exposed to a lower level of risk.
Macys's social score: 9.73/100
Macys's social score of 9.73 puts it squarely in the 4th percentile of companies rated in the same sector. This could suggest that Macys is a leader in its sector when it comes to taking good care of its workforce and the communities it impacts.
Macys's governance score: 7.13/100
Macys's governance score puts it squarely in the 4th percentile of companies rated in the same sector. That could suggest that Macys is a leader in its sector when it comes to responsible management and strategy, and exposed to a lower level of risk.
Macys's controversy score: 2/5
ESG scores also evaluate any incidences of controversy that a company has been involved in. A high-profile company, Macys scored a 2 out of 5 for controversy – the second-highest score possible, reflecting that Macys has, for the most part, managed to keep its nose clean.
Macy's Inc was last rated for ESG on: 2019-01-01.
| Total ESG score | 15.46 |
|---|---|
| Total ESG percentile | 8.52 |
| Environmental score | 6.11 |
| Environmental score percentile | 4 |
| Social score | 9.73 |
| Social score percentile | 4 |
| Governance score | 7.13 |
| Governance score percentile | 4 |
| Level of controversy | 2 |
Dividend yield: 0.68% of stock value
Forward annual dividend yield: 0.68% of stock value
Dividend payout ratio: 4.19% of net profits
Macys has recently paid out dividends equivalent to 0.68% of its share value annually.
Macys has paid out, on average, around 4.19% of recent net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 0.68% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), shareholders could enjoy a 0.68% return on their shares, in the form of dividend payments. In Macys's case, that would currently equate to about $0.15 per share.
While Macys's payout ratio might seem low, this can signify that the company is investing more in its future growth.
Macys's most recent dividend payout was on 1 October 2021. The latest dividend was paid out to all shareholders who bought their shares by 14 September 2021 (the "ex-dividend date").
Macys's shares were split on a 2:1 basis on 12 June 2006. So if you had owned 1 share the day before before the split, the next day you'd have owned 2 shares. This wouldn't directly have changed the overall worth of your Macys shares – just the quantity. However, indirectly, the new 50% lower share price could have impacted the market appetite for Macys shares which in turn could have impacted Macys's share price.
Over the last 12 months, Macys's shares have ranged in value from as little as $5.5304 up to $23.591. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while Macys's is 2.1556. This would suggest that Macys's shares are significantly more volatile than the average for this exchange and represent a higher risk.
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