Unusual activity was observed in Macy's (M, Financial) options market as call trading surged significantly. A total of 44,243 call options changed hands, which is nine times the usual volume. This heightened activity has pushed the implied volatility up by more than six percentage points, reaching 51.43%.
The 7/25 weekly call options, at strike prices of $13.50 and $14, are particularly active, accounting for almost 24,100 contracts in total. Meanwhile, the Put/Call Ratio is standing at a low 0.06, indicating a strong preference for calls over puts. Investors are watching closely ahead of the company's earnings report, scheduled for August 28th.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 11 analysts, the average target price for Macy's Inc (M, Financial) is $13.24 with a high estimate of $23.11 and a low estimate of $6.00. The average target implies an upside of 3.70% from the current price of $12.77. More detailed estimate data can be found on the Macy's Inc (M) Forecast page.
Based on the consensus recommendation from 14 brokerage firms, Macy's Inc's (M, Financial) average brokerage recommendation is currently 2.9, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Macy's Inc (M, Financial) in one year is $14.64, suggesting a upside of 14.69% from the current price of $12.765. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Macy's Inc (M) Summary page.
