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  Macy's has a buyout bid of $24 per share, up from the original offer of $21. The real estate value of Macy's is estimated to be worth double the current stock price. Macy's plans to focus on luxury stores and close underperforming locations while expanding the Bluemercury beauty brand. Macy's stock only trades at 7x EPS targets that appear conservative. Looking for a portfolio of ideas like this one? Members of Out Fox The Street get exclusive access to our subscriber-only portfolios.  Learn More » The retail sector has faced a tough time since the economy reopened after Covid shutdowns, which led to consumers turning attention towards experiences and travel.  Macy's  ( NYSE: M ) still reported solid results in 2023, and along with a  potential buyout bid, the stock should trade much higher. My  investment thesis  remains Bullish on the stock, even after the large bounce off the 2023 lows. Read the full article on Seeking Alpha.  Disclosure: Lo...

  Macy's got a surprise analyst price target of $50, 100% above the previous stock price. The department store retailer has long had valuable real estate with the latest estimate at $7 billion, an amount nearly matching the current stock valuation. The stock is easily worth $50 based on just 10x EPS targets. This idea was discussed in more depth with members of my private investing community, Out Fox The Street.  Learn More » In a shocking move, Evercore ISI raised the price target on  Macy's  ( M ) to $50. Similar to recent moves in  Kohl's  ( KSS ), the department store retailer is a major play on improving retail sales and a massive undervalued real estate play. My  investment thesis  remains very Bullish on Macy's as the company quits donating market share in the retail sector and can now focus on monetizing valuable real estate. Read the full article on Seeking Alpha.  Disclosure: Long M. Please review the disclaimer page for more detai...

In the midst of the retail wreck today, lets not forget that Kohl's (KSS) raised guidance for the year. The retailer now expects to earn $5.53 per share. The stock is down an incredible 9% to $63 on the guide up.

Macy's trades at multi-year lows following weak holiday guidance and other strategic decisions that disappointed investors. The stock offers surging yields with a huge stock buyback plan. The highly profitable department store offers a compelling investment after the recent disaster. It is rare for a stock with a market cap in excess of $15 billion to lose 14% in one day. Macy's (NYSE: M ) managed to accomplish that on Monday, following a huge guide down for the seasonally important Q4. The department store operator provided two key data points that disappointed investors and traders alike.          Read the full article on Seeking Alpha.  Disclosure: No position mentioned. Please review the disclaimer page for more details.