Macy’s, Inc. (NYSE:M) said on Wednesday that its Q1 profit surged a improved than anticipated 38%. But investors sent its shares moved down almost 4% for the reason that the department store chain frequently left its annual profit guidance intact.
Macy’s, which has been a standout amid its peers all through the economic recovery, is the first in a series of retailers that will announced Q1 results that can offer insight into how Americans are spending. Economists have anxious that Americans would decrease among renewed worries around the US jobs and housing markets and the European debt crisis.
Turning towards the investors who viewing Macy’s against J.C. Penney Company, Inc. (NYSE:JCP) rose +1.48%, Wal-Mart Stores, Inc. (NYSE:WMT) grew +0.64%, Target Corporation (NYSE:TGT) slid -0.49%, Kohl’s Corporation (NYSE:KSS) traded at flat, McDonald’s Corporation (NYSE:MCD) which decreased -1.73% and Sears Holdings Corporation (NASDAQ:SHLD) surged +0.16%.
Macy’s, Inc. (NYSE:M) after opening at $37.51 hit high price of $38.71 and then closed at $38.05 by plunging -3.70% and on last session volume of 16.48 million shares was surprisingly higher than its average volume of 5.37 million shares.
The stock price volatility was 3.33% for a week and 2.42% for a month as well as price volatility’s Average True Range for 14 days was 1.12 and its beta remained 1.69.
The liquidity measure in recent quarter results of the company was recorded 1.40 as current ratio and on the other side the debt to equity ratio was 1.31 and long-term debt to equity ratio also remained 1.12. The Company had total cash at hand $2.83 billion and a book value per share as $14.33 in the most recent quarter.
Macy’s generated revenue of 26.41 billion in the following twelve months and earned $1.26 billion. The Company showed a positive 4.76% in the net profit margin and as well as in its operating margin which remained 9.13%. Company’s annual sales growth for the past five year was -0.42%.
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