Key Points
- Macy's EVP Thomas Jr. Edwards sold 16,419 shares on June 24 at an average price of $24.89, for a total of about $408,669. The filing says the sale was to cover tax withholding related to vesting equity awards, and his ownership fell 45.08% to 20,000 shares.
- The company recently beat quarterly expectations, reporting earnings of $0.13 per share versus the $0.02 consensus, with revenue of $4.89 billion topping estimates. Macy's also raised guidance for Q2 2026 and FY 2026.
- Analysts remain cautious overall, with one Buy, eleven Hold, and two Sell ratings and an average price target of $20.80. Meanwhile, the stock has been trading near its 12-month high and Macy's continues to pay a quarterly dividend yielding about 3.0%.
Macy's, Inc. (NYSE:M - Get Free Report) EVP Thomas Jr. Edwards sold 16,419 shares of Macy's stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $24.89, for a total value of $408,668.91. Following the sale, the executive vice president owned 20,000 shares of the company's stock, valued at approximately $497,800. This represents a 45.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Macy's Stock Performance
M stock opened at $25.34 on Thursday. The firm has a 50 day moving average of $21.14 and a two-hundred day moving average of $20.83. Macy's, Inc. has a 12 month low of $10.72 and a 12 month high of $25.65. The company has a market capitalization 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 - Get Free Report) last released its quarterly earnings results on Wednesday, June 3rd. The company reported $0.13 earnings per share for the quarter, beating analysts' consensus estimates of $0.02 by $0.11. Macy's had a net margin of 2.94% and a return on equity of 13.68%. The business had revenue of $4.89 billion for the quarter, compared to the consensus estimate of $4.61 billion. During the same quarter last year, the firm earned $0.16 EPS. Macy's's revenue for the quarter was up 1.8% on a year-over-year basis. 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. As a group, equities analysts anticipate that Macy's, Inc. will post 2.16 EPS for the current fiscal year.
Macy's Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th will be issued a dividend of $0.1915 per share. This represents a $0.77 annualized dividend and a yield of 3.0%. The ex-dividend date is Monday, June 15th. Macy's's dividend payout ratio (DPR) is 31.82%.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the company. Norges Bank bought a new stake in Macy's during the fourth quarter valued at about $85,020,000. Marshall Wace LLP acquired a new position in shares of Macy's during the 4th quarter worth about $69,562,000. SG Americas Securities LLC lifted its position in shares of Macy's by 1,344.4% during the 1st quarter. SG Americas Securities LLC now owns 3,059,374 shares of the company's stock worth $55,344,000 after purchasing an additional 2,847,561 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Macy's by 67.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 6,823,034 shares of the company's stock worth $150,448,000 after purchasing an additional 2,750,115 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in Macy's by 160.5% during the 2nd quarter. Invesco Ltd. now owns 4,283,107 shares of the company's stock valued at $49,941,000 after purchasing an additional 2,639,132 shares during the period. Institutional investors and hedge funds own 87.36% of the company's stock.
Analyst Ratings Changes
Several analysts have recently issued reports on M shares. Citigroup upped their price target on Macy's from $18.00 to $22.00 and gave the stock a "neutral" rating in a research note on Thursday, June 4th. Jefferies Financial Group reissued a "buy" rating and issued a $22.00 price objective on shares of Macy's in a research note on Wednesday, March 18th. Evercore set a $22.00 target price on Macy's in a report on Thursday, June 4th. Zacks Research raised Macy's from a "strong sell" rating to a "hold" rating in a research report on Monday, April 13th. Finally, UBS Group reiterated a "sell" rating on shares of Macy's in a report on Thursday, June 4th. One analyst has rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Reduce" and an average price target of $20.80.
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Macy's Company Profile
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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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