Ultime notizie per Macy's (NYSE:M) Azioni

Macy's

Founded in 1858 and based in New York City, Macy's operates about 500 stores under the Macy's nameplate, nearly 60 stores under the Bloomingdale's (full-price and outlet) and Bloomie's nameplates, and 157 freestanding Bluemercury specialty beauty stores. Macy's also operates e-commerce sites and licenses Bloomingdale's stores in the United Arab Emirates and Kuwait. Women's apparel, accessories, shoes, cosmetics, and fragrances composed 62% of Macy's 2023 sales.

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This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Below are some instances of options activity happening in the Consumer Discretionary sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TSLA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/22/24</td>
<td>$337.50</td>
<td>$335.0K</td>
<td>2.7K</td>
<td>15.5K</td>
</tr>
<tr>
<td>AMZN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$205.00</td>
<td>$53.9K</td>
<td>20.7K</td>
<td>2.8K</td>
</tr>
<tr>
<td>PDD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/29/24</td>
<td>$100.00</td>
<td>$96.5K</td>
<td>699</td>
<td>2.7K</td>
</tr>
<tr>
<td>M</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$18.00</td>
<td>$29.0K</td>
<td>93</td>
<td>1.1K</td>
</tr>
<tr>
<td>BABA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$100.00</td>
<td>$30.3K</td>
<td>5.3K</td>
<td>668</td>
</tr>
<tr>
<td>GCT</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$30.00</td>
<td>$132.0K</td>
<td>4.4K</td>
<td>500</td>
</tr>
<tr>
<td>GME</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>04/17/25</td>
<td>$30.00</td>
<td>$28.4K</td>
<td>2.8K</td>
<td>395</td>
</tr>
<tr>
<td>DKNG</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/19/25</td>
<td>$40.00</td>
<td>$29.0K</td>
<td>1.7K</td>
<td>139</td>
</tr>
<tr>
<td>TJX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/17/25</td>
<td>$125.00</td>
<td>$105.1K</td>
<td>348</td>
<td>124</td>
</tr>
<tr>
<td>HD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>09/19/25</td>
<td>$360.00</td>
<td>$150.0K</td>
<td>119</td>
<td>104</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• For TSLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), we notice a put option sweep that happens to be bearish, expiring in 2 day(s) on November 22, 2024. This event was a transfer of 500 contract(s) at a $337.50 strike. This particular put needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $335.0K, with a price of $670.0 per contract. There were 2796 open contracts at this strike prior to today, and today 15522 contract(s) were bought and sold. 
• For AMZN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), we notice a call option sweep that happens to be bullish, expiring in 30 day(s) on December 20, 2024. This event was a transfer of 100 contract(s) at a $205.00 strike. This particular call needed to be split into 15 different trades to become filled. The total cost received by the writing party (or parties) was $53.9K, with a price of $539.0 per contract. There were 20776 open contracts at this strike prior to today, and today 2844 contract(s) were bought and sold. 
• Regarding PDD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>), we observe a put option sweep with bullish sentiment. It expires in 9 day(s) on November 29, 2024. Parties traded 994 contract(s) at a $100.00 strike. This particular put needed to be split into 61 different trades to become filled. The total cost received by the writing party (or parties) was $96.5K, with a price of $99.0 per contract. There were 699 open contracts at this strike prior to today, and today 2730 contract(s) were bought and sold. 
• For M (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/M#NYSE">M</a>), we notice a call option sweep that happens to be bullish, expiring in 58 day(s) on January 17, 2025. This event was a transfer of 1000 contract(s) at a $18.00 strike. This particular call needed to be split into 48 different trades to become filled. The total cost received by the writing party (or parties) was $29.0K, with a price of $30.0 per contract. There were 93 open contracts at this strike prior to today, and today 1110 contract(s) were bought and sold. 
• Regarding BABA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), we observe a call option trade with bearish sentiment. It expires in 422 day(s) on January 16, 2026. Parties traded 30 contract(s) at a $100.00 strike. The total cost received by the writing party (or parties) was $30.3K, with a price of $1010.0 per contract. There were 5329 open contracts at this strike prior to today, and today 668 contract(s) were bought and sold. 
• For GCT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GCT#NASDAQ">GCT</a>), we notice a put option trade that happens to be bearish, expiring in 58 day(s) on January 17, 2025. This event was a transfer of 200 contract(s) at a $30.00 strike. The total cost received by the writing party (or parties) was $132.0K, with a price of $660.0 per contract. There were 4459 open contracts at this strike prior to today, and today 500 contract(s) were bought and sold. 
• For GME (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>), we notice a call option trade that happens to be bullish, expiring in 148 day(s) on April 17, 2025. This event was a transfer of 36 contract(s) at a $30.00 strike. The total cost received by the writing party (or parties) was $28.4K, with a price of $790.0 per contract. There were 2833 open contracts at this strike prior to today, and today 395 contract(s) were bought and sold. 
• Regarding DKNG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DKNG#NASDAQ">DKNG</a>), we observe a put option sweep with bearish sentiment. It expires in 394 day(s) on December 19, 2025. Parties traded 51 contract(s) at a $40.00 strike. This particular put needed to be split into 12 different trades to become filled. The total cost received by the writing party (or parties) was $29.0K, with a price of $570.0 per contract. There were 1738 open contracts at this strike prior to today, and today 139 contract(s) were bought and sold. 
• Regarding TJX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TJX#NYSE">TJX</a>), we observe a put option sweep with bearish sentiment. It expires in 148 day(s) on April 17, 2025. Parties traded 123 contract(s) at a $125.00 strike. This particular put needed to be split into 15 different trades to become filled. The total cost received by the writing party (or parties) was $105.1K, with a price of $855.0 per contract. There were 348 open contracts at this strike prior to today, and today 124 contract(s) were bought and sold. 
• Regarding HD (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HD#NYSE">HD</a>), we observe a put option sweep with neutral sentiment. It expires in 303 day(s) on September 19, 2025. Parties traded 100 contract(s) at a $360.00 strike. This particular put needed to be split into 22 different trades to become filled. The total cost received by the writing party (or parties) was $150.0K, with a price of $1505.0 per contract. There were 119 open contracts at this strike prior to today, and today 104 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

AMZN

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10 Consumer Discretionary Stocks With Whale Alerts In Today's Session

Macy&#8217;s Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/M#NYSE">M</a>) shares are trading lower by 3.04% to $14.68 during Wednesday&#8217;s session, reflecting broader retail sector jitters after Target Corporation released disappointing <a href="https://www.benzinga.com/news/earnings/24/11/42085436/target-q3-earnings-supply-chain-chaos-hits-bottomline-slashes-annual-profit-outlook-stock-tanks">third-quarter earnings</a>.
What To Know: Target missed Wall Street estimates for both revenue and earnings per share, citing cost pressures and challenges related to inventory and supply chain management. The retail giant also lowered its full-year profit outlook, signaling caution heading into the crucial holiday season.
The ripple effects of Target's report are likely weighing on Macy's as investors brace for potential parallels in performance. Target's challenges, such as increased digital fulfillment costs and inventory pressures, may mirror broader trends impacting department stores, which have also been grappling with shifting consumer behavior and rising costs.
Read Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42090657/microstrategy-upsizes-convertible-notes-offering-to-2-6-billion-for-bitcoin-purchases">MicroStrategy Upsizes Convertible Notes Offering To $2.6 Billion For Bitcoin Purchases</a>
Additionally, Target's lowered guidance suggests potential headwinds for discretionary spending, a vital revenue driver for Macy's.
Target's results highlighted that while beauty and essentials categories grew, comparable sales across other segments were modest, raising concerns about retail demand. Macy's, heavily reliant on apparel and home goods, is particularly sensitive to shifts in consumer spending priorities. 
The cautious sentiment could pressure Macy's shares as investors reassess retail earnings prospects in a challenging economic environment.
Read Also: <a href="https://www.benzinga.com/tech/24/11/42086154/apple-to-argue-for-dismissal-of-doj-antitrust-case-over-alleged-us-smartphone-market-domination">Apple To Argue For Dismissal Of DOJ Antitrust Case Over Alleged US Smartphone Market Domination</a>
<h2 class="wp-block-heading">How To Buy M Stock</h2>
Besides going to a brokerage platform to purchase a share &#8211; or fractional share &#8211; of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.
For example, in Macy&#8217;s case, it is in the Consumer Discretionary sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.
According to data from&nbsp;<a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>, Macy&#8217;s has a 52-week high of $22.10 and a 52-week low of $14.06.

News

Why Macy's Stock Is Falling

WIIM

DLTR

FIVE

Shares of companies in the broader retail sector are trading lower after Target reported worse than expected Q3 earnings and cut 2024 guidance.

Appaloosa Management filed its <a href="https://www.sec.gov/Archives/edgar/data/1656456/000165645624000004/xslForm13F_X02/Form13FInfoTable.xml">Form 13F</a> on Thursday, revealing the fund's trades from the prior quarter. Here's a look at Appaloosa's latest trades. 
New Positions:&nbsp;
<ul>
<li>Appaloosa added a stake in energy company Vistra Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VST#NYSE">VST</a>) with 1,270,388 shares valued at $150.5 million, according to Whalewisdom. </li>
<li>The fund added a stake in NRG Energy, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NRG#NYSE">NRG</a>) with 999,820 shares. </li>
<li>Appaloosa opened a position in Las Vegas Sands Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LVS#NYSE">LVS</a>) with 1,528,323 shares</li>
<li>The hedge fund also opened a position in Wynn Resorts Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WYNN#NYSE">WYNN</a>) with 800,000 shares. </li>
</ul>
Read More: <a href="https://www.benzinga.com/general/social-media/24/11/41993328/trump-media-insiders-sell-more-than-16-million-in-djt-stock">Trump Media Insiders Sell More Than $16 Million In DJT Stock</a>
Closed Positions: Appaloosa sold all of its 210,000 Boeing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) shares. The fund also closed its entire positions in Macy's Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/M#NYSE">M</a>) and United Parcel Service, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UPS#NYSE">UPS</a>). 
Notable Trades: Appaloosa added 3,361,132 shares of China-based commerce company PDD Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>), bringing its total stake to 5,301,132 shares valued at $617.4 million, according to Whalewisdom. The fund also added 2,989,400 shares of JD.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>) another China-based commerce company. 
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Photo: Panchenko Vladimir on Shutterstock

Hedge Funds

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WYNN

Appaloosa Hedge Fund Buys Vistra, Sells Boeing

Trading Ideas

Appaloosa LP 13F Shows Exited Position In United Parcel Service, Previously Holding 605,000 Shares; Exited Position In Boeing, Previously Holding 210,000 Shares; Exited Position In Macy's, Previously Holding 1,265,000 Shares

Sierra, the AI&nbsp;startup co-founded by former Salesforce&nbsp;co-CEO and OpenAI chairman Bret Taylor, has achieved a valuation of $4.5 billion following a successful funding round.
What Happened: On Monday, a year after its public launch, Sierra&nbsp;raised $175 million in a&nbsp;funding round led by Greenoaks Capital, reported Reuters.
Thrive Capital and Iconiq also&nbsp;participated in the round. The company&nbsp;had&nbsp;previously raised $110 million from&nbsp;Sequoia Capital and Benchmark at&nbsp;a nearly $1 billion valuation.
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/10/41559160/elon-musks-2-9k-offer-rejected-by-sec-agency-requests-judge-to-sanction-billionaire-over-missed-depo?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk&#8217;s $2.9K Offer Rejected By SEC, Agency Requests Judge To Sanction Billionaire Over Missed Depositions</a>
Despite growing concerns around AI bubbles, the&nbsp;funding has positioned&nbsp;Sierra as one of the&nbsp;most highly valued startups. The company has surpassed&nbsp;$20 million in annualized revenue,&nbsp;the report noted, citing sources familiar with the matter.
This latest funding round values Sierra higher than established brands such as Nikon Corp. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NINOY#OTC">NINOY</a>) and Macy&#8217;s, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/M#NYSE">M</a>), which have market capitalizations of $4.43 billion and $4.30 billion, respectively.
Co-founded by Taylor and Google veteran Clay Bavor, Sierra specializes in selling AI-powered customer service chatbots to enterprises. It serves clients such as WeightWatchers&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WW#NASDAQ">WW</a>) and SiriusXM Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIRI#NASDAQ">SIRI</a>).
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It Matters: Sierra&#8217;s skyrocketing valuation comes amidst a surge in funding for AI startups. For instance, earlier this month ChatGPT-parent OpenAI secured more than <a href="https://www.benzinga.com/news/24/10/41149788/openai-valuation-soars-to-157b-in-latest-funding-roundhttps:/www.benzinga.com/news/24/10/41407196/openais-for-profit-structure-adds-valuation-complexity-to-microsoft-and-other-equity-investors-repor">$6.5 billion in new funding at a valuation of $157 billion</a>.
In March this year, Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) announced an additional $2.75 billion investment in Anthropic. This follows an initial $1.25 billion investment from Amazon in September 2023, raising its total commitment to $4 billion. 
At the time, the investment was made based on Anthropic&#8217;s valuation of $18.4 billion.
In May 2024, Elon Musk&#8217;s AI startup xAI&nbsp;<a href="https://www.benzinga.com/news/24/05/39025708/elon-musk-cheers-funding-after-xai-secures-6b-from-sequoia-andreessen-horowitz-saudi-prince-alwaleed" target="_blank" rel="noreferrer noopener">raised a staggering $6 billion</a>&nbsp;in its Series B funding round, pegging a reported valuation of $24 billion.
In July, Cohere Inc., backed by Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) reached a <a href="https://www.benzinga.com/markets/equities/24/07/39890578/nvidia-backed-ai-startup-coheres-valuation-soars-to-5-5b-report">$5.5 billion valuation</a> becoming one of Canada's largest startups.
Photo Courtesy: Sierra AI
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
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<li><a href="https://www.benzinga.com/markets/equities/24/10/41559545/jim-cramer-says-apple-meta-amazon-and-other-tech-earnings-present-a-huge-opportunity-but-advises?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Jim Cramer Says Apple, Meta, Amazon And Other Tech Earnings Present A &#8216;Huge Opportunity,&#8217; But Advises To &#8216;Wait To Process The Numbers…Before You Pull The Trigger&#8217;</a></li>
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Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

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NVDA

SIRI

Bret Taylor's AI Startup Sierra Hits $4.5B Valuation Just A Year After Launch: OpenAI Chair's Latest Venture Towers Over These Century-Old Brands

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>AMZN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/25/24</td>
<td>$190.00</td>
<td>$28.4K</td>
<td>23.6K</td>
<td>38.7K</td>
</tr>
<tr>
<td>TSLA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/25/24</td>
<td>$220.00</td>
<td>$68.0K</td>
<td>10.5K</td>
<td>34.2K</td>
</tr>
<tr>
<td>GM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$45.00</td>
<td>$97.5K</td>
<td>8.1K</td>
<td>1.5K</td>
</tr>
<tr>
<td>F</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$11.00</td>
<td>$28.0K</td>
<td>18.3K</td>
<td>1.1K</td>
</tr>
<tr>
<td>CZR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$45.00</td>
<td>$39.3K</td>
<td>5.1K</td>
<td>1.0K</td>
</tr>
<tr>
<td>TCOM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$60.00</td>
<td>$33.9K</td>
<td>832</td>
<td>638</td>
</tr>
<tr>
<td>M</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$17.00</td>
<td>$28.2K</td>
<td>15</td>
<td>345</td>
</tr>
<tr>
<td>PDD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/18/26</td>
<td>$230.00</td>
<td>$57.0K</td>
<td>1.5K</td>
<td>293</td>
</tr>
<tr>
<td>LEN</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$177.50</td>
<td>$32.3K</td>
<td>0</td>
<td>119</td>
</tr>
<tr>
<td>ANF</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$155.00</td>
<td>$55.8K</td>
<td>28</td>
<td>48</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• Regarding AMZN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), we observe a call option trade with bullish sentiment. It expires in 4 day(s) on October 25, 2024. Parties traded 178 contract(s) at a $190.00 strike. The total cost received by the writing party (or parties) was $28.4K, with a price of $160.0 per contract. There were 23663 open contracts at this strike prior to today, and today 38794 contract(s) were bought and sold. 
• For TSLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), we notice a call option sweep that happens to be bullish, expiring in 4 day(s) on October 25, 2024. This event was a transfer of 100 contract(s) at a $220.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $68.0K, with a price of $680.0 per contract. There were 10522 open contracts at this strike prior to today, and today 34297 contract(s) were bought and sold. 
• For GM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>), we notice a put option sweep that happens to be bearish, expiring in 25 day(s) on November 15, 2024. This event was a transfer of 1500 contract(s) at a $45.00 strike. This particular put needed to be split into 50 different trades to become filled. The total cost received by the writing party (or parties) was $97.5K, with a price of $65.0 per contract. There were 8189 open contracts at this strike prior to today, and today 1577 contract(s) were bought and sold. 
• Regarding F (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>), we observe a put option trade with bullish sentiment. It expires in 60 day(s) on December 20, 2024. Parties traded 413 contract(s) at a $11.00 strike. The total cost received by the writing party (or parties) was $28.0K, with a price of $68.0 per contract. There were 18330 open contracts at this strike prior to today, and today 1138 contract(s) were bought and sold. 
• Regarding CZR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CZR#NASDAQ">CZR</a>), we observe a call option sweep with bearish sentiment. It expires in 242 day(s) on June 20, 2025. Parties traded 65 contract(s) at a $45.00 strike. This particular call needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $39.3K, with a price of $605.0 per contract. There were 5177 open contracts at this strike prior to today, and today 1069 contract(s) were bought and sold. 
• For TCOM (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TCOM#NASDAQ">TCOM</a>), we notice a call option sweep that happens to be bullish, expiring in 25 day(s) on November 15, 2024. This event was a transfer of 100 contract(s) at a $60.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $33.9K, with a price of $339.0 per contract. There were 832 open contracts at this strike prior to today, and today 638 contract(s) were bought and sold. 
• For M (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/M#NYSE">M</a>), we notice a call option trade that happens to be bullish, expiring in 60 day(s) on December 20, 2024. This event was a transfer of 332 contract(s) at a $17.00 strike. The total cost received by the writing party (or parties) was $28.2K, with a price of $85.0 per contract. There were 15 open contracts at this strike prior to today, and today 345 contract(s) were bought and sold. 
• For PDD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>), we notice a call option sweep that happens to be bearish, expiring in 788 day(s) on December 18, 2026. This event was a transfer of 43 contract(s) at a $230.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $57.0K, with a price of $1325.0 per contract. There were 1587 open contracts at this strike prior to today, and today 293 contract(s) were bought and sold. 
• Regarding LEN (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>), we observe a put option sweep with bearish sentiment. It expires in 25 day(s) on November 15, 2024. Parties traded 77 contract(s) at a $177.50 strike. This particular put needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $32.3K, with a price of $420.0 per contract. There were 0 open contracts at this strike prior to today, and today 119 contract(s) were bought and sold. 
• Regarding ANF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANF#NYSE">ANF</a>), we observe a put option trade with bullish sentiment. It expires in 60 day(s) on December 20, 2024. Parties traded 42 contract(s) at a $155.00 strike. The total cost received by the writing party (or parties) was $55.8K, with a price of $1330.0 per contract. There were 28 open contracts at this strike prior to today, and today 48 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

TCOM

Dollar General Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DG#NYSE">DG</a>) and Macy&#8217;s Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/M#NYSE">M</a>) shares traded slightly <a target="_blank" href="https://www.benzinga.com/premarket" rel="noreferrer noopener">higher on Tuesday morning.</a>
This holiday season, Dollar General said it is launching a holiday toy guide packed<a target="_blank" href="https://www.benzinga.com/pressreleases/24/10/b41327052/dollar-general-unwraps-holiday-cheer-with-added-savings-on-toys" rel="noreferrer noopener"> with deals to delight customers. </a>Featuring top-name brands like Fisher Price and Pokémon, nearly every toy is priced under $20, with most available for $10 or less.
The retailer plans to also launch a digital holiday guide featuring beauty and personal care, pet, electronics, home and apparel gifts.
Also Read: <a target="_blank" href="https://drupal-cloudfront.benzinga.com/markets/equities/24/09/40937873/walmart-steps-up-holiday-game-inflation-free-thanksgiving-meal-returns" rel="noreferrer noopener">Walmart Steps Up Holiday Game, Inflation-Free Thanksgiving Meal Returns</a>
According to a research <a target="_blank" href="https://limelightmarketing.com/expectations-2024-holiday-shopping/" rel="noreferrer noopener">report</a> by Limelight Marketing, the 2024 holiday shopping season is anticipated to be robust, particularly for e-commerce.
Total retail sales are projected to grow by 4.8% year-over-year, underscoring the overall strength of the retail market during the holiday season. Experts forecast a 9.5% increase in online sales compared to 2023, resulting in a total of approximately $271.58 billion.
&#8220;For many families across America, Dollar General is the go-to destination for all holiday needs, offering quality items and savings that help families make the most of the season,&#8221; the company said.
According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>, DG stock has lost over 29% in the past year. Investors can gain exposure to the stock via Pacer Lunt Large Cap Alternator ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALTL#NYSE">ALTL</a>).
Meanwhile, Macy&#8217;s Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/M#NYSE">M</a>) also released its plans for this holiday season.
This season, Macy&#8217;s is launching the Holiday Square by Urbanspace at its <a target="_blank" href="https://www.benzinga.com/pressreleases/24/10/b41328964/experience-the-magic-of-holidays-with-macys-your-ultimate-holiday-guide-to-gift-giving-and-celebra" rel="noreferrer noopener">Herald Square store in New York. </a>The event will run from November 1, 2024, through January 3, 2025
Macy&#8217;s will also have a shop at The Holiday Shops at Bryant Park starting October 25, featuring Macy&#8217;s Thanksgiving Day parade products and gifts.
M stock has gained over 42% in the past year. Investors can gain exposure to the stock via Invesco S&amp;P Midcap 400 Pure Value ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RFV#NYSE">RFV</a>).
Price Action: DG shares are trading higher by 1.5% to $80.96 at last check Tuesday.
Photo via Shutterstock
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Equities

Markets

General

ALTL

Rydex ETF Trust S&P Midcap 400 Pure Value ETF

Holiday Heat: Dollar General And Macy's Unveil Holiday Strategies

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TSLA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/11/24</td>
<td>$220.00</td>
<td>$36.5K</td>
<td>2.7K</td>
<td>196.0K</td>
</tr>
<tr>
<td>PDD</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$150.00</td>
<td>$53.8K</td>
<td>34.3K</td>
<td>6.4K</td>
</tr>
<tr>
<td>M</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$17.00</td>
<td>$37.7K</td>
<td>3.6K</td>
<td>3.8K</td>
</tr>
<tr>
<td>BABA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$130.00</td>
<td>$48.6K</td>
<td>9.8K</td>
<td>3.1K</td>
</tr>
<tr>
<td>JD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$42.00</td>
<td>$47.2K</td>
<td>1.5K</td>
<td>2.2K</td>
</tr>
<tr>
<td>TCOM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$65.00</td>
<td>$36.1K</td>
<td>1.8K</td>
<td>630</td>
</tr>
<tr>
<td>LVS</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$47.50</td>
<td>$32.7K</td>
<td>1.5K</td>
<td>560</td>
</tr>
<tr>
<td>CMG</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$60.00</td>
<td>$38.0K</td>
<td>20.8K</td>
<td>542</td>
</tr>
<tr>
<td>SHAK</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$105.00</td>
<td>$76.4K</td>
<td>106</td>
<td>415</td>
</tr>
<tr>
<td>GM</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$50.00</td>
<td>$28.8K</td>
<td>802</td>
<td>251</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• For TSLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), we notice a call option sweep that happens to be bearish, is expiring today. Parties traded 315 contract(s) at a $220.00 strike. This particular call needed to be split into 37 different trades to become filled. The total cost received by the writing party (or parties) was $36.5K, with a price of $116.0 per contract. There were 2743 open contracts at this strike prior to today, and today 196033 contract(s) were bought and sold. 
• For PDD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>), we notice a call option trade that happens to be bearish, expiring in 7 day(s) on October 18, 2024. This event was a transfer of 200 contract(s) at a $150.00 strike. The total cost received by the writing party (or parties) was $53.8K, with a price of $269.0 per contract. There were 34397 open contracts at this strike prior to today, and today 6416 contract(s) were bought and sold. 
• For M (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/M#NYSE">M</a>), we notice a call option sweep that happens to be bullish, expiring in 133 day(s) on February 21, 2025. This event was a transfer of 319 contract(s) at a $17.00 strike. This particular call needed to be split into 17 different trades to become filled. The total cost received by the writing party (or parties) was $37.7K, with a price of $118.0 per contract. There were 3687 open contracts at this strike prior to today, and today 3801 contract(s) were bought and sold. 
• For BABA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), we notice a call option sweep that happens to be bearish, expiring in 35 day(s) on November 15, 2024. This event was a transfer of 202 contract(s) at a $130.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $48.6K, with a price of $241.0 per contract. There were 9827 open contracts at this strike prior to today, and today 3197 contract(s) were bought and sold. 
• Regarding JD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>), we observe a put option sweep with bullish sentiment. It expires in 35 day(s) on November 15, 2024. Parties traded 200 contract(s) at a $42.00 strike. This particular put needed to be split into 15 different trades to become filled. The total cost received by the writing party (or parties) was $47.2K, with a price of $236.0 per contract. There were 1535 open contracts at this strike prior to today, and today 2243 contract(s) were bought and sold. 
• Regarding TCOM (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TCOM#NASDAQ">TCOM</a>), we observe a call option sweep with bearish sentiment. It expires in 7 day(s) on October 18, 2024. Parties traded 154 contract(s) at a $65.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $36.1K, with a price of $235.0 per contract. There were 1880 open contracts at this strike prior to today, and today 630 contract(s) were bought and sold. 
• Regarding LVS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LVS#NYSE">LVS</a>), we observe a put option sweep with bullish sentiment. It expires in 70 day(s) on December 20, 2024. Parties traded 315 contract(s) at a $47.50 strike. This particular put needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $32.7K, with a price of $104.0 per contract. There were 1519 open contracts at this strike prior to today, and today 560 contract(s) were bought and sold. 
• For CMG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>), we notice a call option trade that happens to be bearish, expiring in 98 day(s) on January 17, 2025. This event was a transfer of 100 contract(s) at a $60.00 strike. The total cost received by the writing party (or parties) was $38.0K, with a price of $380.0 per contract. There were 20826 open contracts at this strike prior to today, and today 542 contract(s) were bought and sold. 
• For SHAK (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHAK#NYSE">SHAK</a>), we notice a call option sweep that happens to be bearish, expiring in 7 day(s) on October 18, 2024. This event was a transfer of 325 contract(s) at a $105.00 strike. This particular call needed to be split into 16 different trades to become filled. The total cost received by the writing party (or parties) was $76.4K, with a price of $235.0 per contract. There were 106 open contracts at this strike prior to today, and today 415 contract(s) were bought and sold. 
• For GM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>), we notice a put option trade that happens to be bearish, expiring in 252 day(s) on June 20, 2025. This event was a transfer of 50 contract(s) at a $50.00 strike. The total cost received by the writing party (or parties) was $28.8K, with a price of $576.0 per contract. There were 802 open contracts at this strike prior to today, and today 251 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

SHAK

10 Consumer Discretionary Stocks Whale Activity In Today's Session

On Wednesday, Levi Strauss &amp; Co (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/levi#NYSE">LEVI</a>) issued a mixed quarterly report. While the iconic denim brand is doing great as far as its&nbsp;namesake brand and Beyond Yoga&nbsp;are concerned, but its Dockers business is another story, one that Levi is thinking to sell. On a brighter note, by focusing on direct selling and turning away from wholesellers like Macy&rsquo;s Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/m#NYSE">M</a>), aided by&nbsp;lower cotton costs, Levi grew its gross margin.
<h3>Fiscal Third Quarter Highlights</h3>
During the quarter ended on August 25th, Levi reported sales grew 5%, which is the biggest increase in two years. However, overall revenue was flat at $1.52 billion and below LSEG&rsquo;s consensus estimate of&nbsp;$1.55 billion. The Dockers brand reported sales contracted by as much as 15% as they brought in $73.7 million. On the other hand, Beyond Yoga reported 19% growth as sales grew to $32.2 million.
With lower cotton costs and without any need to mark down its products to sell them like Macy&rsquo;s and its magical sales, Levi grew its gross margin by 4.4 percentage points thanks to its direct selling strategy with which it is less reliant on wholesalers like Macy&rsquo;s. Once &lsquo;the world&rsquo;s greatest department&rsquo; store, long gone are the days when Macy&rsquo;s enjoyed margins that Levi is now taking for itself.&nbsp;&nbsp;Fueled by strength in the U.S., the direct channel went up about 10%, with e-commerce alone growing even 16%. Direct sales made 44% of Levi&rsquo;s total revenue and the denim maker aims to push its contribution to 55%.
Net income amounted to $20.7 million or 5 cents per share, with adjusted earnings amounting to 33 cents, surpassing LSEG&rsquo;s consensus estimate of 31 cents.
Denim seems to be the fashion for every era as it never goes out of style.
Levi is counting on denim-loving consumers. During the latest reported quarter, financials were brought down by the Dockers brand as well as challenges in China and Mexico, causing Levi to miss Wall Street estimates for revenue and having to trim its revenue guidance. With Beyonce&rsquo;s support with the official ad campaign having launched on Monday, Levi hopes to fuel growth in the women&rsquo;s&rsquo; department over the long-haul.&nbsp;CEO Michelle Gass&nbsp;spoke confidently of this opportunity as the denim maker&nbsp;sees it growing to at least half of its business, doubling over time and even $2 billion just this year. But,&nbsp;for the latest quarter,&nbsp;missing Wall Street&rsquo;s expectations for revenue and trimming its revenue guidance&nbsp;as it now sees revenue growing 1%, while it previously guided for growth between 1% and 3%. But, with one more quarter to go in the fiscal year, Levi did reaffirm its full-year guidance for adjusted earnings per share that are expected between $1.17 and $1.27. By selling Dockers, Levi believes that both Dockers and Levi&rsquo;s will be empowered to maximize their own&nbsp;values&nbsp;as independent units.&nbsp;
DISCLAIMER: This content is for informational purposes only. It is not intended as investing advice.
This article is from an unpaid external contributor. It does not represent Benzinga&#39;s reporting and has not been edited for content or accuracy.

LEVI

Levi Strauss Is Proof That Denim Is As Fashionable As Ever

A month has gone by since the last earnings report for Macy&#39;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/m#NYSE">M</a>). Shares have added about 1.1% in that time frame, underperforming the S&amp;P 500.
Will the recent positive trend continue leading up to its next earnings release, or is Macy&#39;s due for a pullback? Before we dive into how investors and analysts have reacted as of late, let&#39;s take a quick look at the most recent earnings report in order to get a better handle on the important drivers.
<h3>Macy&#39;s Q2 Earnings Beat Estimates, Comps Decline Y/Y</h3>
Macy&#39;s has reported second-quarter fiscal 2024 results, wherein the top line lagged the Zacks Consensus Estimate while the bottom line surpassed the same. Total revenues declined and earnings increased from the year-ago quarter&#39;s reported figures. Comparable sales (comps) fell on an owned basis and an owned-plus-licensed basis.
<h3>Sales &amp; Earnings Picture</h3>
Macy&#39;s has reported adjusted earnings of 53 cents per share, surpassing the Zacks Consensus Estimate of 32 cents. Also, the bottom line increased from 23 cents in the year-ago period.
Net sales of $4,937 million missed the consensus estimate of $5,091 million. Also, the top line dipped 3.8% from the year-ago quarter. Comps fell 4% on an owned basis and 3.3% on an owned-plus-licensed-plus-marketplace basis from the prior-year quarter.
Macy&#39;s ongoing business comps, including both go-forward locations and digital platforms across all nameplates, decreased 3.8% on an owned basis and 3% when including owned, licensed and marketplace channels.
Net credit card revenues were $125 million, up 4.2% from the year-ago period. The metric represented 2.5% of sales, up 20 basis points from the year-ago quarter.
<h3>Details by Brands</h3>
Comps across Macy&#39;s declined 4.5% year over year on an owned basis and 3.6% on an owned-plus-licensed-plus-marketplace basis. At the Bloomingdale&#39;s brand, comps decreased 1.1% on an owned basis and 1.4% on an owned-plus-licensed-plus-marketplace basis. Comps at the Bluemercury brand rose 2% on an owned basis.
<h3>Margins</h3>
The gross margin was 40.5%. The metric increased 240 basis points from 38.1% in the prior-year quarter. The merchandise margin increased 210 basis points primarily due to reduced year-over-year discounting, favorable inventory shortages resulting from the company&#39;s asset protection efforts and M&#39;s transition to cost accounting.
Delivery expenses as a percentage of net sales improved year over year by 30 basis points, driven by lower shipped sales volumes and enhanced delivery expense management, reflecting cost-saving measures and process re-engineering initiatives.
The company reported selling, general and administrative (SG&amp;A) expenses of $1.97 billion, down 0.4% from $1.98 billion in the year-ago period. As a percentage of net sales, SG&amp;A expenses increased 140 basis points year over year to 40% on lower net sales.
Macy&#39;s reported an adjusted EBITDA of $438 million, up 26.2% from an adjusted EBITDA of $347 million in the year-ago quarter. We note that the adjusted EBITDA margin was 8.9%, up 210 basis points year over year.
<h3>Other Financial Aspects</h3>
M ended the fiscal second quarter with cash and cash equivalents of $646 million, long-term debt of $2.99 billion, and shareholders&#39; equity of $4.30 billion. Merchandise inventories rose 6% on a year-over-year basis. In the second quarter of fiscal 2024, Macy&#39;s provided cash from operating activities of $137 million.
<h3>A Peek Into Guidance</h3>
The company has revised its annual outlook to account for more cautious consumers and a more intense promotional environment than previously anticipated. This updated outlook is intended to provide the flexibility needed to navigate the continued uncertainty in the discretionary consumer market. M has reaffirmed its annual adjusted earnings per share outlook.
However, Macy&#39;s continues to see fiscal 2024 as a transitional and investment year, focusing on key strategic initiatives to improve customer experience. With the support of a strong balance sheet, the company will prioritize enhancing its gross margin and maintaining expense control to safeguard profitability amid ongoing macroeconomic challenges.
Net sales are projected to be $22.1-$22.4 billion, a slight reduction from the previously stated $22.3-$22.9 billion. Notably, the company reported net sales of $23.1 billion in fiscal 2023.
The outlook for comparable owned-plus-licensed-plus-marketplace sales on a 52-week basis has also been adjusted, with a projected year-over-year decline of 0.5-2%, down from the previously stated range between a drop of 1% and an increase of 1.5%.
Adjusted earnings per share are envisioned to be $2.55-$2.90 for fiscal 2024, implying a decline from the $3.50 earned in the prior year.
<h2>How Have Estimates Been Moving Since Then?</h2>
It turns out, fresh estimates have trended downward during the past month.
The consensus estimate has shifted -100% due to these changes.
<h2>VGM Scores</h2>
Currently, Macy&#39;s has a nice Growth Score of B, though it is lagging a lot on the Momentum Score front with a D. However, the stock was allocated a grade of A on the value side, putting it in the top 20% for this investment strategy.
Overall, the stock has an aggregate VGM Score of A. If you aren&#39;t focused on one strategy, this score is the one you should be interested in.
<h2>Outlook</h2>
Estimates have been broadly trending downward for the stock, and the magnitude of these revisions has been net zero. It&#39;s no surprise Macy&#39;s has a Zacks Rank #4 (Sell). We expect a below average return from the stock in the next few months.
<h2>Performance of an Industry Player</h2>
Macy&#39;s belongs to the Zacks Retail - Regional Department Stores industry. Another stock from the same industry, Dillard&#39;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dds#NYSE">DDS</a>), has gained 6.1% over the past month. More than a month has passed since the company reported results for the quarter ended July 2024.
Dillard&#39;s reported revenues of $1.49 billion in the last reported quarter, representing a year-over-year change of -4.9%. EPS of $4.59 for the same period compares with $7.98 a year ago.
Dillard&#39;s is expected to post earnings of $6.47 per share for the current quarter, representing a year-over-year change of -30.4%. Over the last 30 days, the Zacks Consensus Estimate has changed -4.2%.
Dillard&#39;s has a Zacks Rank #4 (Sell) based on the overall direction and magnitude of estimate revisions. Additionally, the stock has a VGM Score of C.
<a href="https://www.zacks.com/stock/news/2339317/macy-s-m-up-1-1-since-last-earnings-report-can-it-continue?cid=CS-BENZ-FT-realtime_blog-2339317">To read this article on Zacks.com click here.</a>

Earnings

Earnings Beats

Mid Cap

Guidance

Retail Sales

Analyst Ratings

Macy's Up 1.1% Since Last Earnings Report: Can It Continue?

Macy&#8217;s, Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/M#NYSE">M</a>) disclosed plans to hire more than 31,500 full- and part-time seasonal positions this upcoming holiday season at its Macy&#8217;s, Bloomingdale&#8217;s, and Bluemercury stores,<a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/b40947705/macys-inc-gears-up-to-hire-for-more-than-31-500-seasonal-positions-to-deliver-joyful-holiday-shopp" rel="noreferrer noopener"> as well as its distribution centers</a>.
Macy&#8217;s offers several convenient hiring experiences for candidates, including an online application process that takes as little as five minutes, with most job offers made within 48 hours.
Additionally, the company is holding four nationwide in-person holiday hiring events at all stores and supply chain locations. Times may vary by location.
Danielle Kirgan, Macy&#8217;s, Inc. chief human resources and corporate affairs officer, said, &#8220;We are excited to add more than 31,500 seasonal positions to help us welcome and serve our customers during the holidays.&#8221;
&#8220;Whether they are looking for extra income for the season or the start of a new career in retail, we offer an unmatched culture, competitive pay and fulfilling career opportunities.&#8221;
Also Read: <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40510353/macys-strong-earnings-tempered-by-weak-sales-but-analysts-see-green-shoots-emerging" rel="noreferrer noopener">Macy&#8217;s Strong Earnings Tempered By Weak Sales, But Analysts See &#8216;Green Shoots&#8217; Emerging</a>
Other major U.S. retailers are also stepping up their holiday game. Recently, Target also announced its intention to recruit <a target="_blank" href="https://www.benzinga.com/news/24/09/40878577/target-set-to-recruit-100k-seasonal-employees-despite-anticipated-slow-holiday-sales" rel="noreferrer noopener">approximately 100,000 seasonal employees</a>.
Apart from this, this month,&nbsp;Bath &amp; Body Works also disclosed plans to hire 30,000 seasonal employees.
Investors can gain exposure to Macy&#8217;s via Invesco S&amp;P Midcap 400 Pure Value ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RFV#NYSE">RFV</a>).
Price Action: M shares are trading higher by 0.07% at $15.34 premarket at the last check Friday.
Photo via Shutterstock
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Large Cap

Management

Holiday Opportunity: Macy's Plans To Hire 31,500 Seasonal Workers

Candidates are invited to explore full- and part-time seasonal opportunities supporting Macy's, Inc.'s portfolio of nameplates, including Macy's, Bloomingdale's and Bluemercury
Holiday hiring events will take place nationwide at all stores and distribution centers throughout the season, with the first on Thursday, September 26
Macy's, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/M#NYSE">M</a>) today announced plans to hire more than 31,500 full- and part-time seasonal positions this upcoming holiday season at its Macy's, Bloomingdale's and Bluemercury stores, as well as its distribution centers. Macy's, Inc. offers several convenient hiring experiences for candidates including an online application process that takes as little as five minutes, with most job offers made within 48 hours. Additionally, the company is holding four nationwide in-person holiday hiring events at all stores and supply chain locations. Times may vary by location.
<ul>
<li>September 26</li>
<li>October 24</li>
<li>November 21</li>
<li>December 4</li>
</ul>

Macy's Gears Up To Hire For More Than 31,500 Seasonal Positions; Holiday Hiring Events Will Take Place Nationwide At All Stores And Distribution Centers Throughout The Season, With The First On Thursday, September 26

Introducing Mode of One, a new menswear brand that celebrates individuality, style expression, from high-quality essentials to statement-making designs
Today, Macy's introduced <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.macys.com%2Fshop%2Ffeatured%2Fmode-of-one&amp;esheet=54120927&amp;newsitemid=20240912788122&amp;lan=en-US&amp;anchor=Mode+of+One&amp;index=1&amp;md5=e5cea895ed7970a7d24fcb3638fe30b0">Mode of One</a>, a new contemporary menswear brand designed for the individual who sees style as a powerful form of self-expression. The assortment features a range of high-quality must-have items from elevated everyday essentials to statement-making designs, all with a focus on impeccable fits and proportions. Mode of One strengthens Macy's contemporary menswear assortment and is part of the company's ongoing private brands reimagination. The collection is now available on Macys.com, the Macy's mobile app, and in Macy's stores nationwide.

Macy's Launches Mode Of One, A New Contemporary Menswear Brand

Offerings

Macy's Subsidiary Macy's Retail Holdings Commences $220M Cash Tender Offer To Purchase Outstanding Notes, Prioritizing Notes As Listed​

Disclosed on August 26, Adrian V Mitchell, EVP at Macy's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/M#NYSE">M</a>), executed a substantial insider sell as per the latest SEC filing.
What Happened: Mitchell's decision to sell 12,000 shares of Macy's was revealed in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000794367/000079436724000179//Archives/edgar/data/794367/000079436724000179/0000794367-24-000179-index.htm">U.S. Securities and Exchange Commission</a> on Monday. The total value of the sale is $191,076.
The latest update on Tuesday morning shows Macy's shares down by 0.89%, trading at $15.62.
<h3>Delving into Macy's's Background</h3>
Founded in 1858 and based in New York City, Macy's operates about 500 stores under the Macy's nameplate, nearly 60 stores under the Bloomingdale's (full-price and outlet) and Bloomie's nameplates, and 159 freestanding Bluemercury specialty beauty stores. Macy's also operates e-commerce sites and licenses Bloomingdale's stores in the United Arab Emirates and Kuwait. Women's apparel, accessories, shoes, cosmetics, and fragrances composed 62% of Macy's 2023 sales.
<h3>Financial Insights: Macy's</h3>
Revenue Growth: Macy's displayed positive results in 3 months. As of 31 July, 2024, the company achieved a solid revenue growth rate of approximately 1.92%. This indicates a notable increase in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Consumer Discretionary sector.
Profitability Metrics:
<ul>
<li>
Gross Margin: The company sets a benchmark with a high gross margin of 42.35%, reflecting superior cost management and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): Macy's's EPS is below the industry average. The company faced challenges with a current EPS of 0.54. This suggests a potential decline in earnings.
</li>
</ul>
Debt Management: Macy's's debt-to-equity ratio stands notably higher than the industry average, reaching 1.4. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
Valuation Overview:
<ul>
<li>
Price to Earnings (P/E) Ratio: The current P/E ratio of 24.25 is below industry norms, indicating potential undervaluation and presenting an investment opportunity.
</li>
<li>
Price to Sales (P/S) Ratio: With a lower-than-average P/S ratio of 0.19, the stock presents an attractive valuation, potentially signaling a buying opportunity for investors interested in sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): Macy's's EV/EBITDA ratio, lower than industry averages at 7.78, indicates attractively priced shares.
</li>
</ul>
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
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<h3>Why Insider Transactions Are Important</h3>
While insider transactions should not be the sole basis for making investment decisions, they can play a significant role in an investor's decision-making process.
From a legal standpoint, the term "insider" pertains to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities as outlined in Section 12 of the Securities Exchange Act of 1934. This encompasses executives in the c-suite and significant hedge funds. These insiders are mandated to inform the public of their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
A company insider's new purchase is a indicator of their positive anticipation for a rise in the stock.
While insider sells may not necessarily reflect a bearish view and can be motivated by various factors.
<h3>Unlocking the Meaning of Transaction Codes</h3>
When analyzing transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> tend to focus on those in the open market, detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase,while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000794367">Check Out The Full List Of Macy's's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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