Friday, February 17, 2017

Dividend Stock To Monitor: Macy’s, Inc. (M)

Macy’s, Inc. (NYSE:M) share price jumped at US$ 32.87 before falling back to end the trade at US$ 31.82 a share. The dividend stock is -29.27% off a 52-week high stock price of US$ 45.5 but is up 11.45% since hitting the US$ 28.55. Investors are buying the stock with a trailing-twelve-month price-to-earnings (P/E) ratio of 14.55.

After a -2.81% fall from previous close of US$ 32.74, Macy’s, Inc. (M) has a US$ 9.84 Billion market cap. The company pays a US$ 0.3775-cent-per-share quarterly dividend, giving it a 4.75% yield. That brings its full year payout to US$ 1.51 and 114.3% annual payout ratio based on EPS.

The M has tumbled -11.14% year-to-date. The equity has slowed down in recent weeks, with shares lower about -22.4% in the past three months. It added -1.7%, climbed 8.08% and jumped -19.66% in the week, one month and six months, respectively. Revenue growth rate was recorded at 1.6% and net income per share was seen moving at a 10.2% rate in the past five years.

Macy’s, Inc. (NYSE:M) is over 10% above analysts’ consensus price target of US$ 35.6. The stock has blown through analysts’ low price target of US$ 30, but is still below the high US$ 45 target. On a price appreciation basis over the past 12 months, the stock returned -19.51%.

The most recent short interest data show 5.65% of the company’s stock are short sold. It would take about 2.14 days to cover all short positions. In terms of volatility, it has a beta coefficient of 0.73 and technical analysis volatility indicator called Average True Range or ATR around 1.

Macy’s, Inc. (NYSE:M) closed -9.43% below its 200-day moving average which many technicians use as a guide to the long-term trend, so stocks above the line are considered to be in longer-term uptrends, while those below it are considered to be in downtrends. The stock is -6.37% below another chart threshold, its 50-day moving average and 3.15% above its 20-day simple moving average.

Dividend Stock To Monitor: Macy’s, Inc. (M)

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