Macy’s (NYSE:M) EVP Thomas Jr. Edwards Sells 16,419 Shares of Stock

Macy’s, Inc. (NYSE:M) EVP Thomas Jr. Edwards sold 16,419 shares of Macy’s stock in a transaction 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 transaction, the executive vice president owned 20,000 shares in the company, valued at approximately $497,800. This trade represents a 45.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Macy’s Trading Up 5.8%

Shares of Macy’s stock opened at $25.34 on Thursday. The business has a fifty day simple moving average of $21.14 and a 200-day simple moving average of $20.83. Macy’s, Inc. has a fifty-two week low of $10.72 and a fifty-two week high of $25.65. The firm has a market cap of $6.67 billion, a price-to-earnings ratio of 10.47 and a beta of 1.48. The company has a quick ratio of 0.44, a current ratio of 1.48 and a debt-to-equity ratio of 0.50.

Macy’s (NYSE:M) last issued its quarterly earnings results on Wednesday, June 3rd. The company reported $0.13 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $4.61 billion. During the same period in the previous year, the business earned $0.16 earnings per share. Macy’s’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, equities analysts forecast that Macy’s, Inc. will post 2.16 EPS for the current fiscal year.

Macy’s Dividend Announcement

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

Institutional Investors Weigh In On Macy’s

A number of institutional investors have recently bought and sold shares of M. Dimensional Fund Advisors LP increased its holdings in shares of Macy’s by 2.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 16,475,647 shares of the company’s stock valued at $298,035,000 after purchasing an additional 329,675 shares during the period. RWC Asset Management LLP increased its stake in Macy’s by 0.6% in the 4th quarter. RWC Asset Management LLP now owns 10,965,149 shares of the company’s stock valued at $241,782,000 after buying an additional 62,839 shares during the period. American Century Companies Inc. lifted its position in Macy’s by 6.6% in the 3rd quarter. American Century Companies Inc. now owns 10,764,293 shares of the company’s stock worth $193,004,000 after buying an additional 669,729 shares in the last quarter. Schroder Investment Management Group boosted its stake in shares of Macy’s by 1.1% during the 3rd quarter. Schroder Investment Management Group now owns 9,738,338 shares of the company’s stock valued at $174,608,000 after buying an additional 110,548 shares during the period. Finally, State Street Corp grew its holdings in shares of Macy’s by 0.5% during the 2nd quarter. State Street Corp now owns 9,420,372 shares of the company’s stock valued at $111,547,000 after acquiring an additional 45,997 shares in the last quarter. 87.36% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Zacks Research upgraded Macy’s from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. JPMorgan Chase & Co. upped their target price on Macy’s from $21.00 to $27.00 and gave the company a “neutral” rating in a report on Thursday, June 4th. Weiss Ratings reissued a “hold (c)” rating on shares of Macy’s in a research note on Friday, March 27th. 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 note on Thursday, June 4th. Finally, Telsey Advisory Group lifted their target price on shares of Macy’s from $20.00 to $23.00 and gave the stock a “market perform” rating in a research report on Thursday, June 4th. One investment analyst has rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target 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.