How Analysts Feel About Macy’s Inc After Today’s Bearish Options Activity?

 How Analysts Feel About Macy's Inc After Today's Bearish Options Activity?

In today’s session Macy’s Inc (M) recorded an unusually high (2,036) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the October, 2016 put, expecting serious M decrease. With 2,036 contracts traded and 1424 open interest for the Oct, 16 contract, it seems this is a quite bearish bet. The option with symbol: M161021P00036500 closed last at: $0.81 or 38.2% down. About 1.94M shares traded hands. Macy’s Inc (NYSE:M) has declined 16.98% since March 1, 2016 and is downtrending. It has underperformed by 26.22% the S&P500.

Analysts await Macy’s Inc (NYSE:M) to report earnings on November, 9. They expect $0.42 EPS, down 25.00% or $0.14 from last year’s $0.56 per share. M’s profit will be $126.83 million for 21.58 P/E if the $0.42 EPS becomes a reality. After $0.54 actual EPS reported by Macy’s Inc for the previous quarter, Wall Street now forecasts -22.22% negative EPS growth.

Macy’s Inc (NYSE:M) Ratings Coverage

Out of 27 analysts covering Macy’s Inc. (NYSE:M), 4 rate it a “Buy”, 2 “Sell”, while 21 “Hold”. This means 15% are positive. $139.0 is the highest target while $35 is the lowest. The $51.32 average target is 41.53% above today’s ($36.26) stock price. Macy’s Inc. has been the topic of 61 analyst reports since July 24, 2015 according to StockzIntelligence Inc. Standpoint Research initiated Macy’s Inc (NYSE:M) rating on Monday, August 24. Standpoint Research has “Buy” rating and $72.0 price target. The firm earned “Neutral” rating on Thursday, August 20 by Sterne Agee CRT. The stock of Macy’s Inc (NYSE:M) earned “Neutral” rating by JP Morgan on Thursday, January 21. The rating was maintained by Deutsche Bank with “Sell” on Monday, August 17. Credit Suisse maintained the shares of M in a report on Thursday, November 12 with “Outperform” rating. The firm earned “Hold” rating on Friday, August 12 by Deutsche Bank. The firm has “Neutral” rating given on Friday, August 12 by UBS. Stifel Nicolaus maintained the shares of M in a report on Thursday, November 12 with “Buy” rating. The company was maintained on Thursday, November 12 by UBS. The rating was maintained by Telsey Advisory Group with “Market Perform” on Thursday, May 12.

Macy’s, Inc. is an omnichannel retail firm operating stores, Websites and mobile applications under various brands, such as Macy’s, Bloomingdale’s and Bluemercury. The company has a market cap of $10.95 billion. The Firm sells a range of merchandise, including apparel and accessories , cosmetics, home furnishings and other consumer goods. It has a 14.56 P/E ratio. The Company’s subsidiaries provide various support functions to its retail operations.

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