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M

Macy's

$15.77

0.07 (0.45%)

13:35
10/16/19
10/16
13:35
10/16/19
13:35

Macy's put volume heavy and directionally bearish

Bearish flow noted in Macy's with 10,604 puts trading, or 1.0x expected. Most active are 10/25 weekly 15.5 puts and Oct-19 16 calls, with total volume in those strikes near 4,800 contracts. The Put/Call Ratio is 1.53, while ATM IV is up over 1 point on the day. Earnings are expected on November 21st.

  • 21

    Nov

M Macy's
$15.77

0.07 (0.45%)

08/15/19
MSCO
08/15/19
NO CHANGE
Target $17
MSCO
Underweight
Macy's tough first half capped by 'rocky' second quarter, says Morgan Stanley
Morgan Stanley analyst Kimberly Greenberger said the "tough" first half of the year for Macy's was capped by a "rocky" second quarter, noting that the company's core retail operation excluding credit and asset sale gains lost $70M in the first six months of the year. While management continues to find "innovative strategies" to help drive sales, she cut her 2019 EPS estimate to $2.85 from $3.05 to account for a lower gross margin estimate and lower credit card revenue forecast. Greenberger lowered her price target on Macy's shares to $17 from $20 and keeps an Underweight rating on the stock.
08/23/19
GUGG
08/23/19
DOWNGRADE
GUGG
Neutral
Macy's downgraded to Neutral from Buy at Guggenheim
08/23/19
08/23/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. HP Inc. (HPQ) downgraded In Line at Evercore ISI. 2. Macy's (M) downgraded to Neutral from Buy at Guggenheim. 3. L Brands (LB) downgraded to Sector Perform from Outperform at RBC Capital with analyst Kate Fitzsimons saying she thinks Victoria's Secret product and marketing efforts into second half 2019 will take longer tin inflect the business than outlined by management's 2019 outlook. 4. Triumph Group (TGI) downgraded to Underweight from Equal Weight at Barclays with analyst David Strauss saying he doesn't foresee meaningful free cash flow over the next several years, estimating annual free cash flow well below $100M through FY22. 5. Pool Corp. (POOL) downgraded to Neutral from Buy at Sidoti with analyst Anthony Lebiedzinski saying he sees limited upside to his $215 price target following the stock's 30% advance over the past 12 months. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/04/19
BOFA
09/04/19
DOWNGRADE
Target $21
BOFA
Neutral
BofA/Merrill downgrades G-III Apparel, says pricing won't offset tariffs
BofA/Merrill analyst Heather Balsky downgraded G-III Apparel (GIII) to Neutral from Buy and lowered her price target for the shares to $21 from $35. Because of tariffs, the company will no longer be able to grow earnings in 2020, Balsky tells investors in a research note. The analyst previously thought G-IIII would be able to offset a large part of the trade impact with higher prices. However, Q2 commentary from its largest retailer Macy's (M) and its largest licensor PVH (PVH) signals that U.S. price increases will be very difficult to pass through in the slowing apparel retail environment, says the analyst.

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HD

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$225.91

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NTNX

Nutanix

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GHG

GreenTree Hospitality

$11.25

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$31.81

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$32.46

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CarGurus

$39.71

0.5 (1.28%)

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RedHill Biopharma

$6.02

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Kohl's

$47.01

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