Danielle Kirgan Sells 100,000 Shares of Macy’s (NYSE:M) Stock

Macy’s, Inc. (NYSE:M) EVP Danielle Kirgan sold 100,000 shares of the company’s stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $17.30, for a total transaction of $1,730,000.00. Following the transaction, the executive vice president owned 286,161 shares of the company’s stock, valued at approximately $4,950,585.30. This trade represents a 25.90% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Macy’s Trading Up 0.8%

M stock opened at $17.23 on Wednesday. Macy’s, Inc. has a 12-month low of $9.76 and a 12-month high of $18.13. The business’s 50-day moving average is $13.16 and its 200 day moving average is $12.51. The company has a current ratio of 1.38, a quick ratio of 0.35 and a debt-to-equity ratio of 0.55. The stock has a market cap of $4.68 billion, a price-to-earnings ratio of 9.85 and a beta of 1.78.

Macy’s (NYSE:M) last announced its earnings results on Wednesday, September 3rd. The company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.22. The business had revenue of $4.81 billion during the quarter, compared to analysts’ expectations of $4.69 billion. Macy’s had a return on equity of 15.39% and a net margin of 2.18%.The business’s revenue was down 2.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.53 earnings per share. Macy’s has set its Q3 2025 guidance at -0.200–0.150 EPS. FY 2025 guidance at 1.700-2.050 EPS. On average, sell-side analysts anticipate that Macy’s, Inc. will post 2.39 EPS for the current fiscal year.

Macy’s Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Monday, September 15th will be paid a dividend of $0.1824 per share. This represents a $0.73 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend is Monday, September 15th. Macy’s’s payout ratio is 41.71%.

Institutional Trading of Macy’s

Hedge funds have recently made changes to their positions in the company. Hsbc Holdings PLC lifted its holdings in shares of Macy’s by 173.9% in the 1st quarter. Hsbc Holdings PLC now owns 85,939 shares of the company’s stock worth $1,087,000 after acquiring an additional 54,558 shares during the last quarter. State of Alaska Department of Revenue lifted its holdings in shares of Macy’s by 126.0% in the 1st quarter. State of Alaska Department of Revenue now owns 184,511 shares of the company’s stock worth $2,317,000 after acquiring an additional 102,885 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Macy’s by 1,188.7% in the 1st quarter. GAMMA Investing LLC now owns 44,086 shares of the company’s stock worth $554,000 after acquiring an additional 40,665 shares during the last quarter. Vontobel Holding Ltd. acquired a new position in shares of Macy’s in the 1st quarter worth approximately $304,000. Finally, Mercer Global Advisors Inc. ADV lifted its holdings in shares of Macy’s by 33.8% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 14,161 shares of the company’s stock worth $240,000 after acquiring an additional 3,579 shares during the last quarter. Hedge funds and other institutional investors own 87.36% of the company’s stock.

Analyst Upgrades and Downgrades

M has been the subject of a number of recent research reports. JPMorgan Chase & Co. increased their target price on shares of Macy’s from $12.00 to $16.00 and gave the company a “neutral” rating in a research report on Monday, July 28th. Telsey Advisory Group reiterated a “market perform” rating and issued a $17.00 price objective (up previously from $14.00) on shares of Macy’s in a report on Wednesday, September 3rd. Citigroup increased their price objective on shares of Macy’s from $12.00 to $16.00 and gave the company a “neutral” rating in a report on Thursday, September 4th. Jefferies Financial Group upped their price target on Macy’s from $14.50 to $18.50 and gave the company a “buy” rating in a research report on Wednesday, September 3rd. Finally, UBS Group upped their price target on Macy’s from $6.00 to $6.50 and gave the company a “sell” rating in a research report on Thursday, September 4th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $14.85.

Macy’s Company Profile

Macy’s, Inc engages in the retail of apparel, accessories, cosmetics, home furnishings, and other consumer goods. The firm’s brands include Macy’s, Bloomingdale’s, and Bluemercury. It offers men’s, women’s, and children’s apparel, women’s accessories, intimate apparel, shoes, cosmetics, fragrances, as well as home and miscellaneous products.