Macy's Inc (M): Today's Featured Retail Winner
(
) pushed the Retail industry higher today making it today's featured retail winner. The industry as a whole closed the day up 3.6%. By the end of trading, Macy's Inc rose $1.28 (4.1%) to $32.31 on average volume. Throughout the day, 9.2 million shares of Macy's Inc exchanged hands as compared to its average daily volume of nine million shares. The stock ranged in a price between $31.50-$32.39 after having opened the day at $32.09 as compared to the previous trading day's close of $31.03. Other companies within the Retail industry that increased today were:
(
), up 13.4%,
Haverty Furniture Companies Inc
(
), up 12.7%,
Haverty Furniture Companies CL A
(
), up 12.4%, and
(
), up 11.8%.
Macy's, Inc., together with its subsidiaries, operates department stores and Internet Web sites in the United States. Macy's Inc has a market cap of $13.17 billion and is part of the
sector. The company has a P/E ratio of 11.3, equal to the average retail industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are up 22.6% year to date as of the close of trading on Tuesday.
TheStreet Ratings rates Macy's as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and reasonable valuation levels. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated.
- You can view the full Macy's Ratings Report.
On the negative front,
(
), down 7.1%,
(
), down 6.7%,
(
), down 6.2%, and
(
), down 5.1%, were all losers within the retail industry with
(
) being today's retail industry loser.
- Use our retail section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the retail industry could consider
(
) while those bearish on the retail industry could consider
ProShares Ultra Sht Consumer Goods
(
).
- Find other investment ideas from our top rated ETFs lists.
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