Macy's, Inc.'s stock price stands at $19.86, marking a decrease of 14.5 cents (-0.725%) from the previous close at $20. Trading volume is at $1 million, 13.91% higher than the average. The asset has shown a decline in price.
The asset has experienced a four-day streak of decreasing prices. Starting at $20.24, the price dropped by 37.5 cents (-1.85%) to its current value.
Macy's latest quarterly earnings report, announced on Tuesday, March 17th, revealed an earnings per share of 1.83, surpassing the consensus estimate of 1.57.
The company offers a forward dividend yield of 3.86%. The dividend per share for the most recent quarter is 19.15 cents, showing a year-over-year increase.
Macy's free cash flow amounts to $1.16 billion, with a notable net change in cash of $802 million. The company repurchased $200 million in common stock.
With a revenue of $7.92 billion and a net income of $506 million, Macy's displayed a gross profit of $2.11 billion. The diluted earnings per share stand at $1.83.
Key financial ratios for Macy's include a net profit margin of 6.39%, return on equity of 10.41%, and a debt ratio of 32.05%.
The company holds $1.25 billion in cash and cash equivalents, with total assets valued at $16.24 billion. Total liabilities amount to $11.38 billion, resulting in a net debt of $3.96 billion.
This report provides insights into Macy's, Inc.'s recent performance and financial standing, reflecting its current market position and trends.
Macy's, Inc., an omni-channel retail organization, operates stores, Websites, and mobile applications. The company sells a range of merchandise, such as apparel and accessories for men, women, and children; cosmetics; home furnishings; and other consumer goods. As of January 29, 2022, it operated 725 department stores in the District of Columbia, Puerto Rico, and Guam under the Macy's, Macy's Backstage, Market by Macy's, Bloomingdale's, Bloomingdale's The Outlet, Bloomies, and bluemercury brands. It also operates in Dubai, the United Arab Emirates, and Al Zahra, Kuwait under the license agreements. The company also operates as a beauty products and spa retailer. The company was formerly known as Federated Department Stores, Inc. and changed its name to Macy's, Inc. in June 2007. Macy's, Inc. was founded in 1830 and is based in New York, New York.