Insider Selling: Macy’s (NYSE:M) EVP Sells 6,573 Shares of Stock

Macy’s, Inc. (NYSE:M) EVP Danielle Kirgan sold 6,573 shares of the stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $18.08, for a total transaction of $118,839.84. Following the sale, the executive vice president owned 98,299 shares in the company, valued at approximately $1,777,245.92. This trade represents a 6.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Macy’s Stock Down 1.6%

Shares of NYSE:M traded down $0.28 during 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. Macy’s, Inc. has a fifty-two week low of $9.76 and a fifty-two week high of $24.41. The business has a 50 day moving average price of $19.70 and a two-hundred day moving average price of $20.16. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.50 and a current ratio of 1.49. The company has a market capitalization of $4.70 billion, a PE ratio of 7.68 and a beta of 1.50.

Macy’s (NYSE:M) last announced its quarterly earnings data on Wednesday, March 18th. The company reported $1.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.55 by $0.12. The business had revenue of $7.92 billion for the quarter, compared to analysts’ expectations of $7.48 billion. Macy’s had a return on equity of 14.22% and a net margin of 2.84%.The company’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same period last year, the firm earned $1.80 earnings per share. As a group, research analysts expect 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. The ex-dividend date of this dividend was Friday, March 13th. This represents a $0.77 dividend on an annualized basis and a yield of 4.3%. This is an increase from Macy’s’s previous quarterly dividend of $0.18. Macy’s’s dividend payout ratio is 33.19%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Zacks Research lowered shares of Macy’s from a “hold” rating to a “strong sell” rating in a research note on Friday, March 13th. Morgan Stanley lifted their price target on shares of Macy’s from $20.00 to $21.00 and gave the stock an “equal weight” rating in a research note on Friday, December 5th. UBS Group boosted their price target on shares of Macy’s from $8.00 to $9.00 and gave the stock a “sell” rating in a report on Monday, March 9th. Telsey Advisory Group reissued a “market perform” rating and issued a $20.00 price objective on shares of Macy’s in a research report on Wednesday. Finally, Wall Street Zen lowered shares of Macy’s from a “strong-buy” rating to a “hold” rating in a report on Monday, March 23rd. One investment analyst has rated the stock with a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average 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.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Strengthening Families & Communities LLC acquired a new stake in shares of Macy’s during the 4th quarter worth about $28,000. V Square Quantitative Management LLC purchased a new position in Macy’s in the fourth quarter valued at approximately $29,000. Cullen Frost Bankers Inc. purchased a new position in Macy’s in the third quarter valued at approximately $31,000. Smartleaf Asset Management LLC raised its holdings in Macy’s by 51.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,543 shares of the company’s stock worth $34,000 after purchasing an additional 526 shares in the last quarter. Finally, Bessemer Group Inc. raised its holdings in Macy’s by 41.4% during the third quarter. Bessemer Group Inc. now owns 2,023 shares of the company’s stock worth $37,000 after purchasing an additional 592 shares in the last quarter. 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.