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Stock impact report

A Look At Macy's (M) Valuation After New Store Closures And Layoffs [Yahoo! Finance]

Macy's Inc (M) 
Last macy's inc earnings: 2/25 06:55 am Check Earnings Report
US:NYSE Investor Relations: macysinc.com/ir
Company Research Source: Yahoo! Finance
Macy's (M) is back on investors' radar after the retailer said it will close 14 locations in 11 states and cut more than 1,000 jobs as part of its ongoing restructuring. See our latest analysis for Macy's. The restructuring headlines arrive after a mixed price pattern, with a 1 month share price return of 10.62% decline, a 90 day share price return of 14.76%, and a 1 year total shareholder return of 55.30%, suggesting momentum has recently been building despite near term weakness. If Macy's story has you rethinking where traditional retail fits in your portfolio, it can be useful to widen the lens and compare it with auto manufacturers as another corner of consumer demand. With Macy's shares up 55.30% over the past year, yet trading at around a 25% intrinsic discount and only slightly below analyst targets, you have to ask yourself: is there still mispricing here, or is the market already baking in future growth? On a P/E of 11.9x, Macy's looks cheap compared with both peer Show less Read more
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