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Is Macy's a good buy right now?

Is Macy's a good buy right now?
Asked by
Nick Robinson categorie-icon time-icon2 months ago
1 Answer Answer Question

Ilija Rankovic
Answered time-icon2 months ago

The question might have multiple answers, but here’s what we can objectively say about Macy’s. Macy's (M) has been falling in price for quite some time, and it is trading at its 52-week low. According to Macrotrends though, Macy’s is “too cheap to ignore” at the moment, given its P/E ratio of just 5.52 with a dividend yield of 6.72%. The stock is currently trading at a 52-week low, as previously mentioned.

Shares of Macy's stock closed at $21.56 on Monday, and the figure represents a 52-week low. In 2019 alone, the stock declined 27.5%. Analysts expect Macy's to report earnings per share of $0.36 on Wednesday, May 15th.

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