Put Buying Activity in Macy's (M) Amid 5-Day Rally, Targets 8% Downside in Shares into May 16th Earnings Announcement -Susquehanna
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Macy's (M) PT Raised to $31 at RBC Capital
February 28, 2018 8:45 AM ESTRBC Capital raised its price target on Macy's (NYSE: M) to $31.00 (from $26.00) while maintaining a Sector Perform rating following the company's 4Q earnings report. M reported a $0.10 EPS beat in Q4 with +1.3% comps.
Despite expectations for moderate improvements in the business, analyst... More
Macy's (M) PT Raised to $27 at Morgan Stanley
February 28, 2018 8:06 AM ESTMorgan Stanley raised its price target on Macy's (NYSE: M) to $27.00 (from $23.00) while maintaining a Equalweight rating.
... MoreMacy's (M) PT Raised to $30 at Cowen
February 28, 2018 2:41 AM ESTCowen raised its price target on Macy's (NYSE: M) to $30.00 (from $23.00) while maintaining a Market Perform rating.
... MoreMacy's (M) PT Raised to $32 at Guggenheim
February 28, 2018 2:09 AM ESTGuggenheim raised its price target on Macy's (NYSE: M) to $32.00 (from $27.00) while maintaining a Buy rating.
... MorePriority Holdings, LLC Announces Combination with M I Acquisitions, Inc (MACQ)
February 27, 2018 9:03 AM ESTPriority Holdings, LLC ("Priority" or the "Company"), a leading provider of B2C and B2B payment processing solutions, and M I Acquisitions, Inc. (NASDAQ: MACQU, MACQ, MACQW; "M I"), a Magna-sponsored special purpose acquisition company, announced today that they have entered into a definitive purchase agreement (the "Purchase Agreement"), whereby Priority will combine with M I and be renamed Priority Technology Holdings, Inc. The combined company will apply to continue the listing of its common stock on the Nasdaq Stock Market under the ticker symbol "PRTH." Post transaction, Priority's management team will continue to lead the company and... More
Macy's (M) Peers Trade Higher in Sympathy Following Strong Q4 Print
February 27, 2018 8:25 AM ESTMacy's (NYSE: M) peers gained Tuesday after it reported better than expected Q4 results and guidance.
Stocks in focus included J.C. Penney (NYSE: JCP), Kohl's Corp. (NYSE: KSS), Bed Bath & Beyond (NASDAQ: BBBY) and others.
... MoreMacy's shares jump at first sign of sales turnaround
February 27, 2018 8:11 AM ESTBy Meredith Mazzilli
NEW YORK (Reuters) - Macy's Inc (NYSE: M) on Tuesday said sales at established stores could mark their first annual gain in four years, pinning its hopes on a new loyalty program, more off-price selling and private-label brands.
The biggest U.S. department store chain also beat analysts' estimates for quarterly profit and comparable sales growth on the back of a broadly strong U.S. holiday season.
Whiles the results and outlook sent shares 5 percent higher, they also come as the wider retail industry stands to gain... More
Macy's (M) Tops Q4 EPS by 14c, Comps Increase 1.3%
February 27, 2018 8:01 AM EST(Updated - February 27, 2018 8:03 AM EST)
Macy's (NYSE: M) reported Q4 EPS of $2.82, $0.14 better than the analyst estimate of $2.68. Revenue for the quarter came in at $8.67 billion versus the consensus estimate of $8.65 billion.
Comparable sales on an owned basis were up 1.3 percent in the fourth quarter and up 1.4 percent on an owned plus licensed basis.
Looking Ahead
The company is strategically investing to accelerate the rollout of a number of near-term... More
Wall Street sinks as Powell's comments fuel rate worries
February 27, 2018 7:33 AM ESTBy Caroline Valetkevitch
NEW YORK (Reuters) - U.S. stocks suffered on Tuesday their biggest daily drops since the selloff three weeks ago after comments from Federal Reserve Chairman Jerome Powell revived fears about more interest-rate increases than expected this year.
Powell gave an upbeat view on the U.S. economy and said data has strengthened his confidence on inflation. Traders boosted bets the central bank will squeeze in a fourth rate hike this year following the remarks.
Bond yields also rose, while the Cboe Volatility Index , the most widely followed barometer of expected... More
Macy's (M) PT Raised to $28 at Deutsche Bank
February 26, 2018 5:57 AM ESTDeutsche Bank raised its price target on Macy's (NYSE: M) to $28.00 (from $27.00) while maintaining a Hold rating.
... More