Shares of Consumer Discretionary sector company Macy's moved -5.3% today, and are now trading at a price of $16.56. The mid-cap stock's daily volume was 10,562,463 compared to its average volume of 12,587,711. The S&P 500 index returned a -0.0% performance.
Macy's, Inc., an omni-channel retail organization, operates stores, websites, and mobile applications in the United States. The company is based in New York and has 94,570 full time employees. Its market capitalization is $4,538,648,576. Macy's currently offers its equity investors a dividend that yields 3.7% per year.
12 analysts are following Macy's and have set target prices ranging from $11.0 to $19.0 per share. On average, they have given the company a rating of hold. At today's prices, M is trading 12.27% away from its average analyst target price of $14.75 per share.
Over the last year, M shares have gone down by -25.0%, which represents a difference of -42.0% when compared to the S&P 500. The stock's 52 week high is $25.12 per share and its 52 week low is $10.54. Although Macy's's average free cash flow over the last 6 years has been $1.1 Billion, they have been decreasing at an average rate of -11.3%. For this reason, investors may continue to shun the stock.
| Date Reported | Cash Flow from Operations ($ k) | Capital expenditures ($ k) | Free Cash Flow ($ k) | YoY Growth (%) |
|---|---|---|---|---|
| 2023 | 1,615,000 | 888,000 | 727,000 | -69.17 |
| 2022 | 2,712,000 | 354,000 | 2,358,000 | 658.2 |
| 2021 | 649,000 | 338,000 | 311,000 | -51.1 |
| 2020 | 1,608,000 | 972,000 | 636,000 | -41.0 |
| 2019 | 1,735,000 | 657,000 | 1,078,000 | -27.6 |
| 2018 | 1,976,000 | 487,000 | 1,489,000 |
