Macy’s (NYSE:M) Stock Price Down 6.3% Following Insider Selling

Macy’s, Inc. (NYSE:M) dropped 6.3% during trading on Monday after an insider sold shares in the company. The stock traded as low as $24.29 and last traded at $24.3240. 2,977,532 shares traded hands during trading, a decline of 57% from the average daily volume of 6,903,687 shares. The stock had previously closed at $25.96.

Specifically, SVP Paul Griscom sold 10,077 shares of the firm’s stock in a transaction that occurred on Thursday, June 25th. The stock was sold at an average price of $25.63, for a total value of $258,273.51. Following the completion of the sale, the senior vice president directly owned 25,373 shares of the company’s stock, valued at $650,309.99. This trade represents a 28.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Thomas Jr. Edwards sold 16,419 shares of Macy’s stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $24.89, for a total value of $408,668.91. Following the completion of the transaction, the executive vice president owned 20,000 shares of the company’s stock, valued at approximately $497,800. This trade represents a 45.08% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Wall Street Analyst Weigh In

M has been the subject of a number of analyst reports. JPMorgan Chase & Co. raised their price target on Macy’s from $21.00 to $27.00 and gave the stock a “neutral” rating in a research report on Thursday, June 4th. Citigroup boosted 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. Evercore set a $22.00 target price on shares of Macy’s in a research note on Thursday, June 4th. TD Cowen raised their target price on shares of Macy’s from $20.00 to $25.00 and gave the stock a “hold” rating in a report on Monday, June 22nd. Finally, Jefferies Financial Group reaffirmed 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 assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average price target of $20.80.

Macy’s Price Performance

The stock has a 50 day moving average of $21.41 and a 200-day moving average of $20.87. The company has a current ratio of 1.48, a quick ratio of 0.44 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $6.40 billion, a P/E ratio of 10.05 and a beta of 1.48.

Macy’s (NYSE:M) last announced its quarterly earnings data on Wednesday, June 3rd. The company reported $0.13 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $4.61 billion. During the same quarter in the prior year, the company posted $0.16 EPS. Macy’s’s quarterly revenue was up 1.8% on a year-over-year basis. 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 research analysts anticipate that Macy’s, Inc. will post 2.16 earnings per share for the current fiscal year.

Macy’s Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th will be issued a $0.1915 dividend. The ex-dividend date is Monday, June 15th. This represents a $0.77 dividend on an annualized basis and a dividend yield of 3.2%. Macy’s’s dividend payout ratio is presently 31.40%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Strengthening Families & Communities LLC bought a new stake in Macy’s during the 4th quarter valued at about $28,000. V Square Quantitative Management LLC purchased a new stake in Macy’s in the 4th quarter valued at about $29,000. Smartleaf Asset Management LLC grew its stake in Macy’s by 51.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,543 shares of the company’s stock worth $34,000 after acquiring an additional 526 shares in the last quarter. CIBC Private Wealth Group LLC grew its stake in Macy’s by 35.9% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,838 shares of the company’s stock worth $41,000 after acquiring an additional 486 shares in the last quarter. Finally, CoreCap Advisors LLC increased its position in shares of Macy’s by 7,265.6% during the fourth quarter. CoreCap Advisors LLC now owns 2,357 shares of the company’s stock worth $52,000 after acquiring an additional 2,325 shares during the period. Hedge funds and other institutional investors own 87.36% of the company’s stock.

Macy’s Company Profile

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.