If you are wondering whether Macy’s current share price really lines up with the value of the business, you are not alone. That is exactly what this article is here to unpack.
The stock most recently closed at US$20.32, with returns of 38.7% over 1 year, while shorter term moves include a 6.5% decline over 7 days, a 9.0% decline over 30 days, and a 10.7% decline year to date.
Recent headlines around Macy’s have focused on its position in the department store space and ongoing interest from investors assessing how the business fits into a changing retail market. This backdrop helps explain why the share price has seen both strong 1 year returns and weaker short term performance.
On our checks, Macy’s scores 5 out of 6 on valuation, as…
