Macy’s Inc Stock Price Could Go Up After Today’s Bullish Options Activity

 Macy's Inc Stock Price Could Go Up After Today's Bullish Options Activity

In today’s session Macy’s Inc (M) registered an unusually high (723) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious M increase. With 723 contracts traded and 48814 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: M161118C00040000 closed last at: $3.3 or 65% up. About 686,643 shares traded hands. Macy’s Inc (NYSE:M) has risen 4.42% since April 20, 2016 and is uptrending. It has underperformed by 0.13% 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. Macy’s Inc. has been the topic of 63 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The rating was maintained by Goldman Sachs with “Neutral” on Friday, August 12. The firm has “Outperform” rating given on Thursday, November 12 by Credit Suisse. Telsey Advisory Group maintained it with “Market Perform” rating and $46 target price in Thursday, November 12 report. Telsey Advisory Group maintained the shares of M in a report on Thursday, May 12 with “Market Perform” rating. Deutsche Bank maintained it with “Buy” rating and $136.0 target price in Friday, October 9 report. On Thursday, August 13 the stock rating was maintained by Telsey Advisory Group with “Market Perform”. The company was maintained on Friday, September 11 by S&P Research. As per Wednesday, November 2, the company rating was upgraded by OTR Global. RBC Capital Markets maintained the stock with “Sector Perform” rating in Friday, August 12 report. As per Saturday, August 15, the company rating was maintained by Macquarie Research.

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 $13.50 billion. The Firm sells a range of merchandise, including apparel and accessories , cosmetics, home furnishings and other consumer goods. It has a 20.01 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: Fool.com which released: “1 Big Difference Between Sears and Macy’s, Inc.” on November 06, 2016. Also Businesswire.com published the news titled: “Macy’s, Inc. Forms Strategic Alliance with Brookfield Asset Management to …” on November 10, 2016. Bizjournals.com‘s news article titled: “Macy’s to sell Downtown Portland building for $54M, will close store next spring” with publication date: November 10, 2016 was also an interesting one.

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