Key Points
- CEO Antony Spring sold 50,044 shares on April 6 at an average price of $17.92 for about $896,788 to cover tax withholding, cutting his stake by 9.34% to 485,791 shares (≈$8.71M).
- Multiple insiders also sold shares the same day to cover tax obligations, a pattern the company and reporters describe as likely sentiment‑neutral rather than a signal of fundamental concern.
- Macy's recently beat quarterly EPS and revenue estimates and raised its quarterly dividend to $0.1915 (≈4.2% yield); the stock trades near $18 with a 12‑month range of $9.76–$24.41.
Macy's, Inc. (NYSE:M - Get Free Report) SVP Paul Griscom sold 745 shares of the stock in a transaction on Monday, April 6th. The stock was sold at an average price of $17.92, for a total transaction of $13,350.40. Following the completion of the sale, the senior vice president directly owned 35,450 shares of the company's stock, valued at approximately $635,264. This trade represents a 2.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Paul Griscom also recently made the following trade(s):
- On Wednesday, April 1st, Paul Griscom sold 490 shares of Macy's stock. The shares were sold at an average price of $18.08, for a total transaction of $8,859.20.
Macy's Trading Down 0.2%
Shares of Macy's stock opened at $18.10 on Wednesday. Macy's, Inc. has a fifty-two week low of $9.76 and a fifty-two week high of $24.41. 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 $4.77 billion, a P/E ratio of 7.80 and a beta of 1.51. The company has a fifty day moving average of $19.51 and a 200 day moving average of $20.19.
Macy's (NYSE:M - Get Free Report) last announced its quarterly earnings data on Wednesday, March 18th. The company reported $1.67 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 the consensus estimate of $7.48 billion. Macy's had a return on equity of 14.22% and a net margin of 2.84%.The business's revenue was down 1.7% on a year-over-year basis. During the same period in the previous year, the business earned $1.80 earnings per share. On average, sell-side analysts anticipate that Macy's, Inc. will post 2.39 earnings per share for the current fiscal year.
Macy's Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 1st. Investors of record on Friday, March 13th were issued 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 4.2%. This is a boost from Macy's's previous quarterly dividend of $0.18. Macy's's payout ratio is presently 33.19%.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of M. Strengthening Families & Communities LLC bought a new stake in Macy's in the fourth quarter worth $28,000. V Square Quantitative Management LLC bought a new position in Macy's during the fourth quarter valued at $29,000. Cullen Frost Bankers Inc. bought a new position in Macy's during the third quarter valued at $31,000. Smartleaf Asset Management LLC grew its stake in shares of Macy's by 51.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,543 shares of the company's stock worth $34,000 after buying an additional 526 shares in the last quarter. Finally, Bessemer Group Inc. grew its stake in shares of Macy's by 41.4% in the 3rd quarter. Bessemer Group Inc. now owns 2,023 shares of the company's stock worth $37,000 after buying an additional 592 shares in the last quarter. 87.36% of the stock is owned by hedge funds and other institutional investors.
More Macy's News
Here are the key news stories impacting Macy's this week:
- Positive Sentiment: Intraday market note showed a small uptick for Macy's on April 6, with Schaeffer's reporting the shares about 0.6% higher at $17.92 — a short-term bullish signal for momentum traders. Retail Stock Could Be Ready to Burn Options Bears
- Neutral Sentiment: Multiple insiders sold shares on April 6 to cover tax withholding tied to equity vesting — quantity and owners: Paul Griscom (745 shares), Tracy M. Preston (5,271), Olivier Bron (7,228), Danielle L. Kirgan (10,010), and Antony Spring (50,044). These are disclosed Form 4 sales at an average price ≈ $17.92; because filings state the sales were for tax purposes (not discretionary diversification), the transactions are more likely sentiment-neutral than a signal of fundamental concern. Filings: Paul Griscom (SEC filing – Paul Griscom), Tracy Preston (SEC filing – Tracy M. Preston), Olivier Bron (SEC filing – Olivier Bron), Danielle Kirgan (SEC filing – Danielle L. Kirgan), Antony Spring (SEC filing – Antony Spring).
Wall Street Analysts Forecast Growth
Several equities research analysts have recently issued reports on the stock. Jefferies Financial Group reiterated a "buy" rating and set a $22.00 price objective on shares of Macy's in a research report on Wednesday, March 18th. Citigroup cut their target price on shares of Macy's from $24.00 to $18.00 and set a "neutral" rating for the company in a research note on Thursday, March 19th. Weiss Ratings reiterated a "hold (c)" rating on shares of Macy's in a report on Friday, March 27th. 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 research note on Monday, March 9th. Finally, TD Cowen dropped their price objective on shares of Macy's from $21.00 to $20.00 and set a "hold" rating for the company in a report on Thursday, March 19th. One research analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Reduce" and a consensus target price of $18.90.
Get Our Latest Research Report on M
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.
Further Reading
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