Macy’s Inc (NYSE:M) saw unusually large options trading activity on Wednesday. Stock traders purchased 813 put options on the stock. This is an increase of 166% compared to the typical daily volume of 306 put options.

Shares of Macy’s (NYSE:M) opened at $20.35 on Friday. The firm has a market cap of $6,170.00, a P/E ratio of 6.63, a PEG ratio of 0.68 and a beta of 0.86. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.19 and a current ratio of 1.29. Macy’s has a 1 year low of $17.41 and a 1 year high of $45.41.

Macy’s (NYSE:M) last released its quarterly earnings data on Thursday, November 9th. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.04. The firm had revenue of $5.28 billion during the quarter, compared to the consensus estimate of $5.31 billion. Macy’s had a net margin of 2.83% and a return on equity of 21.20%. The firm’s revenue was down 6.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.17 earnings per share. research analysts expect that Macy’s will post 3.39 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 15th will be issued a $0.3775 dividend. This represents a $1.51 dividend on an annualized basis and a yield of 7.42%. The ex-dividend date of this dividend is Thursday, December 14th. Macy’s’s dividend payout ratio is presently 66.52%.

In other news, Director John A. Bryant purchased 9,825 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The shares were bought at an average cost of $20.32 per share, with a total value of $199,644.00. Following the purchase, the director now directly owns 9,825 shares of the company’s stock, valued at $199,644. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.40% of the stock is owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in M. Thrivent Financial For Lutherans boosted its holdings in Macy’s by 5.7% in the first quarter. Thrivent Financial For Lutherans now owns 11,238 shares of the company’s stock worth $333,000 after purchasing an additional 610 shares during the period. Xact Kapitalforvaltning AB lifted its stake in Macy’s by 10.8% in the second quarter. Xact Kapitalforvaltning AB now owns 48,567 shares of the company’s stock valued at $1,129,000 after buying an additional 4,753 shares during the last quarter. Bank of Montreal Can lifted its stake in Macy’s by 21.2% in the second quarter. Bank of Montreal Can now owns 825,291 shares of the company’s stock valued at $19,179,000 after buying an additional 144,531 shares during the last quarter. Creative Planning lifted its stake in Macy’s by 201.8% in the second quarter. Creative Planning now owns 57,755 shares of the company’s stock valued at $1,342,000 after buying an additional 38,620 shares during the last quarter. Finally, State of Alaska Department of Revenue lifted its stake in Macy’s by 9.8% in the second quarter. State of Alaska Department of Revenue now owns 42,990 shares of the company’s stock valued at $998,000 after buying an additional 3,820 shares during the last quarter. 83.17% of the stock is owned by hedge funds and other institutional investors.

Several research firms have issued reports on M. Canaccord Genuity reaffirmed a “buy” rating and set a $9.50 price target on shares of Macy’s in a research note on Thursday. BMO Capital Markets set a $35.00 price target on shares of Macy’s and gave the stock a “buy” rating in a research note on Sunday, November 12th. Zacks Investment Research cut shares of Macy’s from a “hold” rating to a “sell” rating in a research note on Wednesday, November 8th. Citigroup Inc. lowered shares of Macy’s from a “neutral” rating to a “sell” rating and cut their price objective for the stock from $21.00 to $16.00 in a report on Monday, October 30th. Finally, Royal Bank Of Canada set a $21.00 price objective on shares of Macy’s and gave the stock a “sector perform” rating in a report on Friday, October 20th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Macy’s presently has a consensus rating of “Hold” and a consensus target price of $25.37.

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Macy’s Company Profile

Macy’s, Inc is an omnichannel retail company operating stores, Websites and mobile applications under various brands, such as Macy’s, Bloomingdale’s and Bluemercury. The Company sells a range of merchandise, including apparel and accessories (men’s, women’s and children’s), cosmetics, home furnishings and other consumer goods.

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