Is Macy’s Inc a Buy? The Stock Had Bullish Options Activity Today

 Is Macy's Inc a Buy? The Stock Had Bullish Options Activity Today

In today’s session Macy’s Inc (M) registered an unusually high (988) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious M increase. With 988 contracts traded and 46444 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: M170120C00036000 closed last at: $1.96 or 14.8% down. About 2.52M shares traded hands. Macy’s Inc (NYSE:M) has declined 19.95% since March 29, 2016 and is downtrending. It has underperformed by 23.42% the S&P500.

Analysts await Macy’s Inc (NYSE:M) to report earnings on November, 9. They expect $0.42 earnings per share, down 25.00% or $0.14 from last year’s $0.56 per share. M’s profit will be $130.50 million for 21.74 P/E if the $0.42 EPS becomes a reality. After $0.54 actual earnings per share 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 40.41% above today’s ($36.55) stock price. Macy’s Inc. has been the topic of 61 analyst reports since July 24, 2015 according to StockzIntelligence Inc. S&P Research maintained the stock with “Hold” rating in Friday, September 11 report. As per Friday, October 9, the company rating was maintained by Deutsche Bank. As per Thursday, January 21, the company rating was reinitiated by JP Morgan. On Wednesday, October 21 the stock rating was downgraded by Keefe Bruyette & Woods to “Mkt Perform”. The stock of Macy’s Inc (NYSE:M) earned “Sector Perform” rating by RBC Capital Markets on Friday, August 12. Northland Capital downgraded the shares of M in a report on Thursday, May 12 to “Neutral” rating. Atlantic Securities downgraded the shares of M in a report on Friday, July 24 to “Underweight” rating. The stock of Macy’s Inc (NYSE:M) has “Sell” rating given on Tuesday, August 25 by Deutsche Bank. UBS maintained Macy’s Inc (NYSE:M) on Tuesday, October 20 with “Neutral” rating. The rating was upgraded by Northcoast on Thursday, November 12 to “Buy”.

According to Zacks Investment Research, “Macy’s is one of the nation’s premier retailers, operating about 885 stores in 45 states, the District of Columbia, Guam and Puerto Rico, under the names of Macy’s, Bloomingdale’s, Bloomingdale’s Outlet and Bluemercury, as well as the macys.com, bloomingdales.com and bluemercury.com websites. Prior to June 1, 2007, Macy’s was known as Federated Department Stores.”

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 $11.36 billion. The Firm sells a range of merchandise, including apparel and accessories , cosmetics, home furnishings and other consumer goods. It has a 14.68 P/E ratio. The Company’s subsidiaries provide various support functions to its retail operations.

M Company Profile

Macy’s, Inc., incorporated on December 13, 1985, is an omnichannel retail firm operating stores, Websites and mobile applications under various brands, such as Macy’s, Bloomingdale’s and Bluemercury. The Firm sells a range of merchandise, including apparel and accessories (men’s, women’s and children’s), cosmetics, home furnishings and other consumer goods. The Company’s subsidiaries provide various support functions to its retail operations. The Company’s bank subsidiary, FDS Bank, provides credit processing, certain collections, customer service and credit marketing services in respect of various credit card accounts that are owned either by Department Stores National Bank (DSNB), a subsidiary of Citibank N.A., or FDS Bank and that constitutes a part of the credit programs of the Company’s retail operations. Macy’s Systems and Technology, Inc. (MST), a subsidiary of the Company, provides operational electronic data processing and management information services to all of the Company’s operations.

More recent Macy’s Inc (NYSE:M) news were published by: Finance.Yahoo.com which released: “Macy’s, Inc. Board Declares Quarterly Dividend” on October 28, 2016. Also Seekingalpha.com published the news titled: “Starboard tired of waiting on Macy’s” on October 31, 2016. Investorplace.com‘s news article titled: “Why Macy’s Inc (M), HP Inc (HPQ) and Twitter Inc (TWTR) Are 3 of Today’s Worst …” with publication date: October 14, 2016 was also an interesting one.

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