Macy’s (NYSE:M) SVP Paul Griscom Sells 10,077 Shares of Stock

Macy’s, Inc. (NYSE:M) SVP Paul Griscom sold 10,077 shares of the business’s stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of $25.63, for a total value of $258,273.51. Following the completion of the transaction, the senior vice president directly owned 25,373 shares of the company’s stock, valued at approximately $650,309.99. This trade represents a 28.43% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Paul Griscom also recently made the following trade(s):

• On Monday, April 6th, Paul Griscom sold 745 shares of Macy’s stock. The stock was sold at an average price of $17.92, for a total value of $13,350.40.
• On Wednesday, April 1st, Paul Griscom sold 490 shares of Macy’s stock. The stock was sold at an average price of $18.08, for a total value of $8,859.20.

Macy’s Price Performance

NYSE:M traded up $0.27 during trading hours on Friday, hitting $25.97. The company’s stock had a trading volume of 6,383,269 shares, compared to its average volume of 6,938,082. Macy’s, Inc. has a twelve month low of $11.15 and a twelve month high of $26.10. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.48 and a quick ratio of 0.44. The stock has a fifty day simple moving average of $21.27 and a 200-day simple moving average of $20.85. The company has a market capitalization of $6.83 billion, a P/E ratio of 10.73 and a beta of 1.48.

Macy’s (NYSE:M) last posted its 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 net margin of 2.94% and a return on equity of 13.68%. The firm had revenue of $4.89 billion during the quarter, compared to analysts’ expectations of $4.61 billion. During the same quarter in the prior year, the business earned $0.16 earnings per share. The business’s revenue for the quarter 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, analysts anticipate that Macy’s, Inc. will post 2.16 EPS for the current fiscal year.

Macy’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 15th will be paid a $0.1915 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $0.77 annualized dividend and a yield of 3.0%. Macy’s’s dividend payout ratio is presently 31.40%.

Wall Street Analysts Forecast Growth

M has been the topic of a number of research reports. Citigroup boosted their target price on shares of Macy’s from $18.00 to $22.00 and gave the stock a “neutral” rating in a research note on Thursday, June 4th. Telsey Advisory Group raised their price objective on Macy’s from $20.00 to $23.00 and gave the company a “market perform” rating in a report on Thursday, June 4th. Weiss Ratings reissued a “hold (c)” rating on shares of Macy’s in a report on Friday, March 27th. TD Cowen boosted their price objective on Macy’s from $20.00 to $25.00 and gave the stock a “hold” rating in a research report on Monday. Finally, Wall Street Zen raised Macy’s from a “hold” rating to a “buy” rating in a report on Saturday, June 6th. One investment analyst has rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus target price of $20.80.

Institutional Trading of Macy’s

Institutional investors have recently modified their holdings of the business. Schroder Investment Management Group raised its holdings in shares of Macy’s by 1.1% in the 3rd quarter. Schroder Investment Management Group now owns 9,738,338 shares of the company’s stock worth $174,608,000 after acquiring an additional 110,548 shares during the last quarter. Kingsview Wealth Management LLC acquired a new position in Macy’s during the 4th quarter valued at about $3,524,000. Artemis Investment Management LLP acquired a new position in Macy’s during the 4th quarter valued at about $2,752,000. Private Advisory Group LLC bought a new stake in Macy’s during the 4th quarter worth approximately $1,396,000. Finally, Wedge Capital Management L L P NC bought a new stake in Macy’s during the 4th quarter worth approximately $30,722,000. Institutional investors own 87.36% of the company’s stock.

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.