|Bid||19.46 x 2100|
|Ask||19.47 x 800|
|Day's Range||19.32 - 19.69|
|52 Week Range||19.32 - 45.41|
|PE Ratio (TTM)||10.52|
|Dividend & Yield||1.51 (7.75%)|
|1y Target Est||N/A|
Despite Cincinnati-based retailer Macy's Inc.'s well-publicized woes and battered stock, one analyst says that there's a potential for a huge yield. Josh Arnold, writing for Seeking Alpha , readily admits Macy's (NYSE: M) has had a rough go of it for the past couple years. "The thing is that as bad as it has been for Macy's, the stock is ludicrously cheap and is yielding as much as a REIT (Real Estate Investment Trust)," Arnold wrote.
M's charts show declining OBV lines, bearish moving averages and no bullish divergences from short-term momentum readings.
The high-end department store had a surprisingly upbeat earnings report last week. Here's what the company is doing right.