Key Points
- Insider sale: EVP Danielle Kirgan sold 6,573 Macy's shares on April 1 at an average price of $18.08 for roughly $118,840, reducing her position by 6.27% to 98,299 shares.
- Recent results and dividend: Macy's beat March-quarter estimates with $1.67 EPS on $7.92 billion revenue and raised its quarterly dividend to $0.1915 (a 4.3% yield).
- Analyst and ownership backdrop: Street views are mixed—MarketBeat shows a consensus "Reduce" with a $18.90 target—while institutional investors hold about 87% of the stock, signaling concentrated ownership despite varied analyst opinions.
Macy's, Inc. (NYSE:M - Get Free Report) EVP Danielle Kirgan sold 6,573 shares of Macy's stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $18.08, for a total transaction of $118,839.84. Following the completion of the transaction, the executive vice president owned 98,299 shares of the company's stock, valued at $1,777,245.92. The trade was a 6.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Macy's Stock Performance
NYSE M opened at $17.82 on Friday. The firm has a market cap of $4.70 billion, a P/E ratio of 7.68 and a beta of 1.51. The company has a quick ratio of 0.50, a current ratio of 1.49 and a debt-to-equity ratio of 0.50. The company's 50 day moving average is $19.65 and its 200-day moving average is $20.14. Macy's, Inc. has a 12-month low of $9.76 and a 12-month high of $24.41.
Macy's (NYSE:M - Get Free Report) last released its quarterly earnings data on Wednesday, March 18th. The company reported $1.67 EPS for the quarter, topping the consensus estimate of $1.55 by $0.12. Macy's had a net margin of 2.84% and a return on equity of 14.22%. The company had revenue of $7.92 billion during the quarter, compared to the consensus estimate of $7.48 billion. During the same period last year, the firm earned $1.80 EPS. Macy's's revenue for the quarter was down 1.7% on a year-over-year basis. Sell-side analysts predict that Macy's, Inc. will post 2.39 earnings per share for the current year.
Macy's Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, April 1st. Stockholders of record on Friday, March 13th were issued a $0.1915 dividend. The ex-dividend date of this dividend was Friday, March 13th. This is an increase from Macy's's previous quarterly dividend of $0.18. This represents a $0.77 dividend on an annualized basis and a dividend yield of 4.3%. Macy's's dividend payout ratio is 33.19%.
Key Stories Impacting Macy's
Here are the key news stories impacting Macy's this week:
- Positive Sentiment: Luxury business momentum — Bloomingdale’s and Bluemercury drove a strong finish to FY25 and are highlighted as a growth engine heading into FY26, supporting longer‑term top‑line improvement. Macy's luxury business article
- Positive Sentiment: Recent quarter beat — Macy’s reported a March quarter that topped consensus on both EPS and revenue, demonstrating resiliency and giving analysts reasons to call the stock undervalued post‑earnings. Analyst reactions post-earnings
- Neutral Sentiment: Investor outreach — Macy’s is slated to present at the J.P. Morgan Retail Round Up, which gives management a forum to detail strategy and could provide a short‑term catalyst if guidance or KPIs are expanded. JP Morgan event release
- Neutral Sentiment: Telsey Advisory stance — Telsey reaffirmed a Market Perform rating and set a $20 price target (below prior $25), which implies upside from current levels but reflects tempered near‑term expectations. Telsey note (coverage)
- Negative Sentiment: Analyst estimate cuts and negative ratings — Zacks Research trimmed near‑term and FY27/FY28 EPS estimates and continues to carry a “Strong Sell” stance; downward revisions add selling pressure and raise short‑term earnings risk. Zacks coverage and estimates
- Negative Sentiment: Insider selling — CEO Antony Spring (14,606 shares), EVP Danielle Kirgan (6,573 shares) and a senior VP recently sold stock (SEC filings disclosed). Significant insider selling can be interpreted by the market as a signal of reduced insider conviction and likely contributed to downward pressure. CEO Form 4 EVP Form 4
Wall Street Analyst Weigh In
A number of analysts recently issued reports on the company. Guggenheim started coverage on Macy's in a report on Tuesday, December 9th. They set a "neutral" rating on the stock. JPMorgan Chase & Co. reduced their target price on Macy's from $24.00 to $21.00 and set a "neutral" rating for the company in a report on Wednesday, March 18th. Evercore upped their price target on Macy's from $14.00 to $21.00 and gave the company a "cautious" rating in a research report on Friday, December 5th. UBS Group increased 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. Finally, Telsey Advisory Group restated a "market perform" rating and issued a $20.00 price objective on shares of Macy's in a research report on Wednesday. One investment analyst has rated the stock with a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Reduce" and a consensus target price of $18.90.
Get Our Latest Stock Report on M
Institutional Investors Weigh In On Macy's
A number of institutional investors and hedge funds have recently made changes to their positions in M. Norges Bank bought a new stake in Macy's during the second quarter valued at $58,743,000. Marshall Wace LLP bought a new position in Macy's in the 4th quarter worth about $69,562,000. Goldman Sachs Group Inc. raised its holdings in shares of Macy's by 67.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 6,823,034 shares of the company's stock valued at $150,448,000 after acquiring an additional 2,750,115 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Macy's by 160.5% in the 2nd quarter. Invesco Ltd. now owns 4,283,107 shares of the company's stock valued at $49,941,000 after acquiring an additional 2,639,132 shares in the last quarter. Finally, Hennessy Advisors Inc. bought a new stake in shares of Macy's during the 3rd quarter valued at about $44,362,000. Hedge funds and other institutional investors own 87.36% of the company's stock.
About Macy's
(
Get Free Report)
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.
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