Macy’s, Inc. (M - Free Report) was a big mover last session, as the company saw its shares rise nearly 11% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $28.94 to $32.19 in the past one-month time frame.
The move came after the company reported solid first-quarter fiscal 2018 results. Also, management raised its adjusted earnings per share guidance for fiscal 2018.
The company has seen a mixed track record when it comes to estimate revisions of three increases and one decrease over the past month, while the Zacks Consensus Estimate 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 #3 (Hold), while its Earnings ESP is negative.
A better-ranked stock in the Retail - Regional Department Stores industry is Kohl's Corporation (KSS - Free Report) , which currently has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Is M going up? Or down? Predict to see what others think: Up or Down
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