Antony Spring Sells 14,606 Shares of Macy’s (NYSE:M) Stock

Macy’s, Inc. (NYSE:M) CEO Antony Spring sold 14,606 shares of the company’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $18.08, for a total transaction of $264,076.48. Following the completion of the sale, the chief executive officer directly owned 437,238 shares in the company, valued at approximately $7,905,263.04. The trade was a 3.23% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Macy’s Price Performance

NYSE:M traded down $0.28 during mid-day trading on Thursday, hitting $17.82. The company’s stock had a trading volume of 6,667,663 shares, compared to its average volume of 7,702,168. The company has a market capitalization of $4.70 billion, a price-to-earnings ratio of 7.68 and a beta of 1.50. The company has a current ratio of 1.49, a quick ratio of 0.50 and a debt-to-equity ratio of 0.50. Macy’s, Inc. has a fifty-two week low of $9.76 and a fifty-two week high of $24.41. The stock has a fifty day moving average of $19.70 and a 200-day moving average of $20.16.

Macy’s (NYSE:M) last released its quarterly earnings data on Wednesday, March 18th. The company reported $1.67 earnings per share for the quarter, beating the consensus estimate of $1.55 by $0.12. Macy’s had a return on equity of 14.22% and a net margin of 2.84%.The company had revenue of $7.92 billion for the quarter, compared to analyst estimates of $7.48 billion. During the same period in the prior year, the company posted $1.80 EPS. The company’s revenue was down 1.7% compared to the same quarter last year. As a group, equities analysts forecast that Macy’s, Inc. will post 2.39 EPS for the current fiscal year.

Macy’s Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th were given a $0.1915 dividend. This represents a $0.77 dividend on an annualized basis and a yield of 4.3%. This is a positive change from Macy’s’s previous quarterly dividend of $0.18. The ex-dividend date was Friday, March 13th. Macy’s’s dividend payout ratio (DPR) is currently 33.19%.

Hedge Funds Weigh In On Macy’s

A number of institutional investors and hedge funds have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Macy’s by 38.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 162,989 shares of the company’s stock valued at $2,047,000 after buying an additional 45,149 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Macy’s by 5.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,116,170 shares of the company’s stock worth $14,019,000 after buying an additional 55,821 shares in the last quarter. Focus Partners Wealth grew its holdings in Macy’s by 33.1% during the 1st quarter. Focus Partners Wealth now owns 58,197 shares of the company’s stock worth $731,000 after acquiring an additional 14,489 shares during the last quarter. Cetera Investment Advisers increased its position in Macy’s by 49.6% in the 2nd quarter. Cetera Investment Advisers now owns 24,300 shares of the company’s stock valued at $283,000 after acquiring an additional 8,053 shares in the last quarter. Finally, Legal & General Group Plc increased its position in Macy’s by 1.6% in the 2nd quarter. Legal & General Group Plc now owns 687,280 shares of the company’s stock valued at $8,014,000 after acquiring an additional 11,085 shares in the last quarter. Institutional investors and hedge funds own 87.36% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on M shares. UBS Group lifted their price objective on Macy’s from $8.00 to $9.00 and gave the company a “sell” rating in a report on Monday, March 9th. Guggenheim began coverage on shares of Macy’s in a research report on Tuesday, December 9th. They set a “neutral” rating for the company. Morgan Stanley lifted their price target on shares of Macy’s from $20.00 to $21.00 and gave the company an “equal weight” rating in a report on Friday, December 5th. Evercore boosted their price target on shares of Macy’s from $14.00 to $21.00 and gave the company a “cautious” rating in a research report on Friday, December 5th. Finally, TD Cowen decreased their price objective on shares of Macy’s from $21.00 to $20.00 and set a “hold” rating on the stock in a research note on Thursday, March 19th. One analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average target price of $18.90.

Macy’s News Roundup

Here are the key news stories impacting Macy’s this week:

• Positive Sentiment: Macy’s luxury divisions (Bloomingdale’s and Bluemercury) closed FY25 strongly and management is targeting major expansion in FY26, giving the company a higher-margin growth story that investors can rally around. Read More.
• Positive Sentiment: Telsey Advisory Group reaffirmed a “market perform” rating and set a $20 price target, implying meaningful upside from current levels and signaling some analyst confidence in Macy’s turnaround. Read More.
• Neutral Sentiment: Macy’s will present at the J.P. Morgan 12th Annual Retail Round Up — an opportunity to refresh the investment community on strategy and the luxury expansion plan, which could help sentiment if management provides positive forward guidance or metrics. Read More.
• Neutral Sentiment: Macro context: market commentary this week flagged oil-driven risk sentiment and upcoming jobs/inflation data that can pressure consumer-discretionary stocks, including Macy’s, through volatility in retail spending expectations. (Market commentary)
• Negative Sentiment: Zacks Research issued multiple model cuts and guidance changes across FY2027–FY2028 (lowered FY27/FY28 EPS and trimmed quarterly forecasts) and kept a “Strong Sell” stance — fresh analyst skepticism that can weigh on the stock and reduce near-term upside.

About Macy’s

Macy’s, Inc is a leading American omnichannel retailer operating under the Macy’s brand, as well as specialty divisions Bloomingdale’s and Bluemercury. The company’s retail portfolio encompasses full-line department stores, fashion-focused specialty outlets and a high-end beauty chain, offering consumers a wide array of apparel, footwear, accessories, cosmetics and home furnishings. Through its integrated network of physical stores and digital platforms, Macy’s seeks to deliver a seamless shopping experience that blends in-store service with online convenience.

The company’s product assortment spans men’s, women’s and children’s clothing, beauty and personal care products, housewares and home décor.