Macy's Statistics

Share Statistics

Macy's has 271.54M shares outstanding. The number of shares has increased by -2.1% in one year.

Shares Outstanding	271.54M
Shares Change (YoY)	-2.1%
Shares Change (QoQ)	-2.22%
Owned by Institutions (%)	82.12%
Shares Floating	269.41M
Failed to Deliver (FTD) Shares	5,600
FTD / Avg. Volume	0.08%

Short Selling Information

The latest short interest is 22.83M, so 8.41% of the outstanding shares have been sold short.

Short Interest	22.83M
Short % of Shares Out	8.41%
Short % of Float	9.63%
Short Ratio (days to cover)	3.34

Valuation Ratios

The PE ratio is 7.53 and the forward PE ratio is 6.86. Macy's's PEG ratio is 0.02.

PE Ratio	7.53
Forward PE	6.86
PS Ratio	0.19
Forward PS	0.2
PB Ratio	0.96
P/FCF Ratio	5.76
PEG Ratio	0.02

Financial Ratio History

Enterprise Valuation

Macy's has an Enterprise Value (EV) of 9.15B.

EV / Sales	0.4
EV / EBITDA	5.2
EV / EBIT	7.16
EV / FCF	12.04

Financial Position

The company has a current ratio of 1.43, with a Debt / Equity ratio of 1.33.

Current Ratio	1.43
Quick Ratio	0.44
Debt / Equity	1.33
Debt / EBITDA	3.45
Debt / FCF	7.99
Interest Coverage	7.9

Financial Efficiency

Return on Equity is 12.79% and Return on Invested Capital is 5.66%.

Return on Equity	12.79%
Return on Assets	3.55%
Return on Invested Capital	5.66%
Revenue Per Employee	$244.25K
Profits Per Employee	$6.18K
Employee Count	94,189
Asset Turnover	1.4
Inventory Turnover	3.08

Taxes

Income Tax	181M
Effective Tax Rate	23.72%

Stock Price Statistics

The stock price has increased by -23.34% in the last 52 weeks. The beta is 1.81, so Macy's's price volatility has been higher than the market average.

Beta	1.81
52-Week Price Change	-23.34%
50-Day Moving Average	12.08
200-Day Moving Average	13.7
Relative Strength Index (RSI)	45.82
Average Volume (20 Days)	7,417,664

Income Statement

In the last 12 months, Macy's had revenue of 23.01B and earned 582M in profits. Earnings per share was 2.1.

Revenue	23.01B
Gross Profit	9.27B
Operating Income	909M
Net Income	582M
EBITDA	1.76B
EBIT	878M
Earnings Per Share (EPS)	2.1

Full Income Statement

Balance Sheet

The company has 1.31B in cash and 6.07B in debt, giving a net cash position of -4.77B.

Cash & Cash Equivalents	1.31B
Total Debt	6.07B
Net Cash	-4.77B
Retained Earnings	6.5B
Total Assets	16.09B
Working Capital	1.9B

Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was 1.28B and capital expenditures -518M, giving a free cash flow of 760M.

Operating Cash Flow	1.28B
Capital Expenditures	-518M
Free Cash Flow	760M
FCF Per Share	2.7

Full Cash Flow Statement

Margins

Gross margin is 40.28%, with operating and profit margins of 3.95% and 2.53%.

Gross Margin	40.28%
Operating Margin	3.95%
Pretax Margin	3.32%
Profit Margin	2.53%
EBITDA Margin	7.65%
EBIT Margin	3.95%
FCF Margin	3.3%

Dividends & Yields

M pays an annual dividend of $0.89, which amounts to a dividend yield of 6.34%.

Dividend Per Share	$0.89
Dividend Yield	6.34%
Dividend Growth (YoY)	5.01%
Payout Ratio	44.74%
Earnings Yield	13.29%
FCF Yield	17.35%

Dividend Details

Analyst Forecast

The average price target for M is $12, which is -1% lower than the current price. The consensus rating is "Hold".

Price Target	$12
Price Target Difference	-1%
Analyst Consensus	Hold
Analyst Count	9

Stock Forecasts

Fair Value

There are several formulas that can be used to estimate the intrinsic value of a stock.

Lynch Fair Value	n/a
Lynch Upside	n/a
Graham Number	27.46
Graham Upside	126.57%

Stock Splits

The last stock split was on Jun 12, 2006. It was a forward split with a ratio of 2:1.

Last Split Date	Jun 12, 2006
Split Type	forward
Split Ratio	2:1

Scores

Altman Z-Score	2.47
Piotroski F-Score	8

Macy's Inc. (M)