Key Points
- Insider sale: Macy's EVP Danielle Kirgan sold 85,000 shares on Dec. 11 at an average of $23.92 for roughly $2.03M, cutting her stake by 62.43% to 51,161 shares (SEC filing).
- Quarterly results & guidance: Macy's beat expectations with $0.09 EPS (vs. -$0.13 est.) and $4.91B revenue, and set FY2025 guidance of $2.00–2.20 EPS while trading near its 1-year high and a market cap of about $6.4B.
- Dividend announced: Macy's declared a quarterly payout of $0.1824 (annualized $0.73) for a ~3.0% yield, with an ex-dividend date of Dec. 15 and payment on Jan. 2.
Macy's, Inc. (NYSE:M - Get Free Report) EVP Danielle Kirgan sold 85,000 shares of the company's stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $23.92, for a total transaction of $2,033,200.00. Following the sale, the executive vice president directly owned 51,161 shares in the company, valued at $1,223,771.12. This trade represents a 62.43% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
Macy's Stock Performance
Shares of Macy's stock opened at $23.99 on Friday. The business has a 50-day moving average price of $19.96 and a two-hundred day moving average price of $15.74. Macy's, Inc. has a 1-year low of $9.76 and a 1-year high of $24.03. The company has a current ratio of 1.25, a quick ratio of 0.18 and a debt-to-equity ratio of 0.56. The company has a market cap of $6.44 billion, a P/E ratio of 14.20 and a beta of 1.44.
Macy's (NYSE:M - Get Free Report) last announced its earnings results on Wednesday, December 3rd. The company reported $0.09 EPS for the quarter, beating the consensus estimate of ($0.13) by $0.22. The company had revenue of $4.91 billion for the quarter, compared to analyst estimates of $4.52 billion. Macy's had a return on equity of 15.57% and a net margin of 2.10%.The firm's revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.04 EPS. Macy's has set its FY 2025 guidance at 2.000-2.20 EPS. As a group, analysts anticipate that Macy's, Inc. will post 2.39 EPS for the current year.
Macy's Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Monday, December 15th will be paid a $0.1824 dividend. The ex-dividend date is Monday, December 15th. This represents a $0.73 annualized dividend and a dividend yield of 3.0%. Macy's's payout ratio is currently 43.20%.
Institutional Trading of Macy's
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Hsbc Holdings PLC increased its holdings in Macy's by 173.9% during the first quarter. Hsbc Holdings PLC now owns 85,939 shares of the company's stock worth $1,087,000 after buying an additional 54,558 shares during the last quarter. Bayforest Capital Ltd bought a new position in shares of Macy's during the 1st quarter valued at approximately $720,000. Prudential Financial Inc. increased its stake in shares of Macy's by 4.6% during the 2nd quarter. Prudential Financial Inc. now owns 389,238 shares of the company's stock worth $4,539,000 after purchasing an additional 17,209 shares during the last quarter. Schroder Investment Management Group raised its holdings in shares of Macy's by 104.5% in the 2nd quarter. Schroder Investment Management Group now owns 9,627,790 shares of the company's stock worth $112,260,000 after purchasing an additional 4,920,821 shares during the period. Finally, KLP Kapitalforvaltning AS lifted its stake in Macy's by 8.6% in the second quarter. KLP Kapitalforvaltning AS now owns 58,200 shares of the company's stock valued at $688,000 after purchasing an additional 4,600 shares during the last quarter. 87.36% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
M has been the topic of several research analyst reports. Zacks Research raised shares of Macy's from a "hold" rating to a "strong-buy" rating in a research note on Thursday, September 18th. The Goldman Sachs Group increased their price objective on shares of Macy's from $16.50 to $22.00 and gave the stock a "neutral" rating in a research report on Friday, December 5th. Barclays boosted their target price on Macy's from $12.00 to $15.00 and gave the company an "equal weight" rating in a research report on Thursday, September 4th. BTIG Research started coverage on Macy's in a report on Tuesday, October 14th. They issued a "neutral" rating on the stock. Finally, UBS Group set a $21.00 price objective on Macy's in a report on Thursday, December 4th. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, Macy's presently has an average rating of "Hold" and an average price target of $20.36.
Read Our Latest Research Report on Macy's
Macy's Company Profile
(
Get Free Report)
Macy's, Inc engages in the retail of apparel, accessories, cosmetics, home furnishings, and other consumer goods. The firm's brands include Macy's, Bloomingdale's, and Bluemercury. It offers men's, women's, and children's apparel, women's accessories, intimate apparel, shoes, cosmetics, fragrances, as well as home and miscellaneous products.
Further Reading
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