Macy’s (NYSE:M) EVP Sells $118,839.84 in Stock

Macy’s, Inc. (NYSE:M) EVP Danielle Kirgan sold 6,573 shares of the firm’s stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $18.08, for a total transaction of $118,839.84. Following the sale, the executive vice president owned 98,299 shares of the company’s stock, valued at $1,777,245.92. This represents a 6.27% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Macy’s Trading Down 1.6%

Shares of M stock traded down $0.28 during trading on Thursday, hitting $17.82. 6,667,663 shares of the stock traded hands, compared to its average volume of 7,702,168. The firm has a market capitalization of $4.70 billion, a P/E ratio of 7.68 and a beta of 1.50. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.49 and a quick ratio of 0.50. The firm’s fifty day moving average price is $19.70 and its 200-day moving average price is $20.16. Macy’s, Inc. has a 52-week low of $9.76 and a 52-week high of $24.41.

Macy’s (NYSE:M) last issued its quarterly earnings data on Wednesday, March 18th. The company reported $1.67 earnings per share for the quarter, topping the consensus estimate of $1.55 by $0.12. The company had revenue of $7.92 billion during the quarter, compared to analyst estimates of $7.48 billion. Macy’s had a return on equity of 14.22% and a net margin of 2.84%.The firm’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.80 earnings per share. As a group, research analysts forecast that Macy’s, Inc. will post 2.39 earnings per share for the current fiscal year.

Macy’s Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Investors of record on Friday, March 13th were given a dividend of $0.1915 per share. This represents a $0.77 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend was Friday, March 13th. This is a positive change from Macy’s’s previous quarterly dividend of $0.18. Macy’s’s dividend payout ratio is 33.19%.

Macy’s News Summary

Here are the key news stories impacting Macy’s this week:

• Positive Sentiment: Macy’s luxury divisions (Bloomingdale’s and Bluemercury) closed FY25 strongly and management is targeting major expansion in FY26, giving the company a higher-margin growth story that investors can rally around. Read More.
• Positive Sentiment: Telsey Advisory Group reaffirmed a “market perform” rating and set a $20 price target, implying meaningful upside from current levels and signaling some analyst confidence in Macy’s turnaround. Read More.
• Neutral Sentiment: Macy’s will present at the J.P. Morgan 12th Annual Retail Round Up — an opportunity to refresh the investment community on strategy and the luxury expansion plan, which could help sentiment if management provides positive forward guidance or metrics. Read More.
• Neutral Sentiment: Macro context: market commentary this week flagged oil-driven risk sentiment and upcoming jobs/inflation data that can pressure consumer-discretionary stocks, including Macy’s, through volatility in retail spending expectations. (Market commentary)
• Negative Sentiment: Zacks Research issued multiple model cuts and guidance changes across FY2027–FY2028 (lowered FY27/FY28 EPS and trimmed quarterly forecasts) and kept a “Strong Sell” stance — fresh analyst skepticism that can weigh on the stock and reduce near-term upside.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Morgan Stanley upped their target price on shares of Macy’s from $20.00 to $21.00 and gave the company an “equal weight” rating in a research report on Friday, December 5th. Wall Street Zen downgraded shares of Macy’s from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 23rd. Citigroup decreased their price objective on shares of Macy’s from $24.00 to $18.00 and set a “neutral” rating on the stock in a report on Thursday, March 19th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $20.00 price objective on shares of Macy’s in a research report on Wednesday. Finally, UBS Group boosted their target price on Macy’s from $8.00 to $9.00 and gave the company a “sell” rating in a research report on Monday, March 9th. One analyst has rated the stock with a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Reduce” and an average target price of $18.90.

Hedge Funds Weigh In On Macy’s

A number of hedge funds and other institutional investors have recently bought and sold shares of M. Norges Bank acquired a new position in Macy’s in the 2nd quarter valued at about $58,743,000. Marshall Wace LLP acquired a new stake in shares of Macy’s during the fourth quarter worth about $69,562,000. Goldman Sachs Group Inc. boosted its stake in shares of Macy’s by 67.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 6,823,034 shares of the company’s stock valued at $150,448,000 after purchasing an additional 2,750,115 shares during the period. Invesco Ltd. boosted its stake in shares of Macy’s by 160.5% in the second 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. Finally, Hennessy Advisors Inc. acquired a new position in shares of Macy’s in the third quarter valued at approximately $44,362,000. 87.36% of the stock is currently owned by hedge funds and other institutional investors.

Macy’s Company Profile

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.