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Shares of Macy's (NYSE:M) were the recipient of unusually large options trading activity on Tuesday. Stock traders bought 20,362 put options on the stock, Analyst Ratings Network.com reports. This is an increase of 871% compared to the typical volume of 2,096 put options.

A number of research firms have recently commented on M. Analysts at Wells Fargo & Co. upgraded shares of Macy's from a “market perform” rating to an “outperform” rating in a research note on Tuesday, March 11th. They now have a $68.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Macy's in a research note on Tuesday, March 4th. They now have a $61.00 price target on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Macy's in a research note on Wednesday, February 26th. They now have a $68.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $61.03.

Macy's (NYSE:M) traded up 0.78% on Tuesday, hitting $57.84. 5,036,303 shares of the company’s stock traded hands. Macy's has a one year low of $42.18 and a one year high of $61.26. The stock’s 50-day moving average is $57.85 and its 200-day moving average is $54.20. The company has a market cap of $21.230 billion and a price-to-earnings ratio of 14.87.

Macy's (NYSE:M) last announced its earnings results on Tuesday, February 25th. The company reported $2.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.17 by $0.14. The company had revenue of $9.20 billion for the quarter, compared to the consensus estimate of $9.27 billion. Analysts expect that Macy's will post $4.48 EPS for the current fiscal year.

Macy’s, Inc (NYSE:M) is a retail organization operating stores and Internet Websites under two brands (Macy’s and Bloomingdale’s) that sell a range of merchandise, including apparel and accessories (men’s, women’s and children’s), cosmetics, home furnishings and other consumer goods in 45 states, the District of Columbia, Guam and Puerto Rico.

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