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Tale of the Tape


Macy’s Inc. (M - Analyst Report) was a big mover last session, as the company saw its shares rise nearly 8% on the day. This jump can be attributable to solid volume too with far more shares changing hands than in a normal session. This broke the recent trend of the company, as the stock is now trading above the volatile price range of $51.41 to $53.67 in the past one-month time frame.

In the last 30 days, the company did not witness any upward estimate revision, while one estimate went down. Alongside, the Zacks Consensus Estimate has remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Macy’s currently has a Zacks Rank #2 (Buy) while its Earnings ESP is negative.

Other better ranked stocks in the retail sector include Bon-Ton Stores Inc. (BONT) and G-III Apparel Group, Ltd. (GIII - Snapshot Report) both carrying a Zacks Rank #1 (Strong Buy), and Michael Kors Holdings Limited (KORS - Analyst Report) sporting a Zacks Rank #2 (Buy).

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