Macy’s Inc (NYSE:M) was the recipient of unusually large options trading on Thursday. Traders acquired 36,174 put options on the stock. This is an increase of 876% compared to the typical volume of 3,707 put options.
A number of analysts recently commented on the company. TheStreet lowered Macy’s from a “b-” rating to a “c+” rating in a research report on Tuesday, February 5th. Bank of America lowered Macy’s from a “neutral” rating to an “underperform” rating in a research report on Thursday, January 10th. ValuEngine lowered Macy’s from a “sell” rating to a “strong sell” rating in a research report on Tuesday, January 22nd. OTR Global lowered Macy’s to a “positive” rating in a research report on Wednesday, February 6th. Finally, Gordon Haskett lowered Macy’s from a “buy” rating to a “hold” rating in a research report on Thursday, January 10th. Five analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have assigned a buy rating to the stock. Macy’s has a consensus rating of “Hold” and an average price target of $33.26.
M stock opened at $24.45 on Friday. The stock has a market cap of $7.69 billion, a price-to-earnings ratio of 6.49, a P/E/G ratio of 0.90 and a beta of 0.50. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.35 and a quick ratio of 0.24. Macy’s has a 52-week low of $24.05 and a 52-week high of $41.99.
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Macy's, Inc, an omni-channel retail organization, operates stores, Websites, and mobile applications. The company sells a range of merchandise, such as apparel and accessories for men, women, and children; cosmetics; home furnishings; and other consumer goods. As of April 4, 2018, it operated approximately 690 department stores under the Macy's and Bloomingdale's brands; 160 specialty stores under the Bloomingdale's The Outlet, Bluemercury, and Macy's Backstage brands in the District of Columbia, Guam, and Puerto Rico; and Websites, including macys.com, bloomingdales.com, and bluemercury.com.
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