Insider Selling: Macy’s (NYSE:M) EVP Sells $408,668.91 in Stock

Macy’s, Inc. (NYSE:M) EVP Thomas Jr. Edwards sold 16,419 shares of the firm’s stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of $24.89, for a total value of $408,668.91. Following the completion of the sale, the executive vice president directly owned 20,000 shares in the company, valued at $497,800. This trade represents a 45.08% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Macy’s Stock Performance

Shares of NYSE M opened at $25.97 on Friday. The company has a quick ratio of 0.44, a current ratio of 1.48 and a debt-to-equity ratio of 0.50. The business’s 50 day moving average is $21.41 and its two-hundred day moving average is $20.88. The company has a market cap of $6.83 billion, a P/E ratio of 10.73 and a beta of 1.48. Macy’s, Inc. has a 12 month low of $11.15 and a 12 month high of $26.10.

Macy’s (NYSE:M) last issued its quarterly earnings results on Wednesday, June 3rd. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.11. Macy’s had a return on equity of 13.68% and a net margin of 2.94%.The company had revenue of $4.89 billion during the quarter, compared to analyst estimates of $4.61 billion. During the same period in the previous year, the company earned $0.16 earnings per share. The company’s quarterly revenue was up 1.8% compared to the same quarter last year. Macy’s has set its Q2 2026 guidance at 0.290-0.340 EPS and its FY 2026 guidance at 2.000-2.200 EPS. On average, equities analysts expect that Macy’s, Inc. will post 2.16 EPS for the current year.

Macy’s Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 15th will be paid a dividend of $0.1915 per share. This represents a $0.77 annualized dividend and a yield of 3.0%. The ex-dividend date is Monday, June 15th. Macy’s’s dividend payout ratio is presently 31.82%.

Institutional Investors Weigh In On Macy’s

A number of institutional investors have recently bought and sold shares of M. Norges Bank bought a new stake in Macy’s in the 4th quarter valued at $85,020,000. Marshall Wace LLP acquired a new position in shares of Macy’s in the 4th quarter valued at $69,562,000. SG Americas Securities LLC lifted its holdings in shares of Macy’s by 1,344.4% during the 1st quarter. SG Americas Securities LLC now owns 3,059,374 shares of the company’s stock worth $55,344,000 after acquiring an additional 2,847,561 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of Macy’s by 67.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 6,823,034 shares of the company’s stock worth $150,448,000 after acquiring an additional 2,750,115 shares during the period. Finally, Invesco Ltd. boosted its position in shares of Macy’s by 160.5% during the 2nd quarter. Invesco Ltd. now owns 4,283,107 shares of the company’s stock valued at $49,941,000 after acquiring an additional 2,639,132 shares in the last quarter. Institutional investors and hedge funds own 87.36% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on M shares. UBS Group restated a “sell” rating on shares of Macy’s in a research report on Thursday, June 4th. Citigroup upped their price objective on shares of Macy’s from $18.00 to $22.00 and gave the company a “neutral” rating in a research report on Thursday, June 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of Macy’s in a research note on Friday, March 27th. Zacks Research raised Macy’s from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. Finally, Jefferies Financial Group restated a “buy” rating and set a $22.00 price target on shares of Macy’s in a research note on Wednesday, March 18th. One analyst has rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus target price of $20.80.

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.