Time to Buy Macy’s Inc After Today’s Option Traders Bet?

 Time to Buy Macy's Inc After Today's Option Traders Bet?

In today’s session Macy’s Inc (M) registered an unusually high (5,148) 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 5,148 contracts traded and 6974 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: M170120C00041000 closed last at: $1.09 or 2.7% down. About 3.43M shares traded hands. Macy’s Inc (NYSE:M) has declined 3.28% since April 8, 2016 and is downtrending. It has underperformed by 8.92% the S&P500.

Macy’s Inc (NYSE:M) Ratings Coverage

Out of 27 analysts covering Macy’s Inc. (NYSE:M), 5 rate it a “Buy”, 1 “Sell”, while 21 “Hold”. This means 19% are positive. $139.0 is the highest target while $35 is the lowest. The $51.32 average target is 24.29% above today’s ($41.29) stock price. Macy’s Inc. has been the topic of 63 analyst reports since July 24, 2015 according to StockzIntelligence Inc. Deutsche Bank maintained Macy’s Inc (NYSE:M) on Friday, August 12 with “Hold” rating. The firm earned “Neutral” rating on Thursday, May 12 by Northcoast. The stock of Macy’s Inc (NYSE:M) earned “Neutral” rating by UBS on Tuesday, October 20. The firm earned “Hold” rating on Thursday, November 12 by Evercore. The rating was upgraded by Atlantic Securities to “Neutral” on Thursday, September 10. Stifel Nicolaus maintained the shares of M in a report on Friday, August 14 with “Buy” rating. On Friday, August 12 the stock rating was maintained by Telsey Advisory Group with “Market Perform”. Morgan Stanley maintained the stock with “Equal-Weight” rating in Thursday, May 12 report. The firm has “Market Perform” rating by Telsey Advisory Group given on Wednesday, February 24. The stock of Macy’s Inc (NYSE:M) has “Market Perform” rating given on Monday, October 26 by Cowen & Co.

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 $12.91 billion. The Firm sells a range of merchandise, including apparel and accessories , cosmetics, home furnishings and other consumer goods. It has a 16.58 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 notable recent Macy’s Inc (NYSE:M) news were published by: Businesswire.com which released: “Macy’s, Inc. Forms Strategic Alliance with Brookfield Asset Management to …” on November 10, 2016, also Fool.com with their article: “1 Big Difference Between Sears and Macy’s, Inc.” published on November 06, 2016, Valuewalk.com published: “Macy’s Inc Misses On Earnings, Sodastream International Ltd Soars On Earnings” on November 10, 2016. More interesting news about Macy’s Inc (NYSE:M) were released by: Finance.Yahoo.com and their article: “Macy’s, Inc. Board Declares Quarterly Dividend” published on October 28, 2016 as well as Businesswire.com‘s news article titled: “Macy’s, Inc. Has Sold Five Stores to General Growth Properties” with publication date: October 31, 2016.

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