Macy’s (NYSE:M) CEO Sells $264,076.48 in Stock

Macy’s, Inc. (NYSE:M) CEO Antony Spring sold 14,606 shares of the stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $18.08, for a total transaction of $264,076.48. Following the completion of the transaction, the chief executive officer owned 437,238 shares of the company’s stock, valued at approximately $7,905,263.04. This represents a 3.23% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Macy’s Price Performance

Shares of Macy’s stock 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 firm’s 50-day simple moving average is $19.60 and its 200-day simple moving average is $20.16. Macy’s, Inc. has a twelve month low of $9.76 and a twelve month 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.

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

Macy’s Increases Dividend

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

Macy’s News Roundup

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

• Positive Sentiment: Luxury division strength — Bloomingdale’s and Bluemercury finished FY25 strongly and are cited as a key growth engine heading into FY26, supporting longer‑term revenue upside for Macy’s. Macy’s luxury business article
• Positive Sentiment: Recent quarterly beat — Macy’s topped consensus on EPS and revenue for the March quarter, showing resilience in sales and giving valuation bears less room to argue for an immediate deep cut. Analyst reactions post-earnings
• Positive Sentiment: Dividend hike — Macy’s modestly raised its quarterly dividend (paid April 1), which increases yield and supports income‑oriented holders. MarketBeat dividend/insider summary
• Positive Sentiment: Institutional backing — Several large funds (e.g., Norges Bank, Marshall Wace, Goldman Sachs additions) hold sizable positions, which provides longer‑term demand support. MarketBeat institutional holdings
• Neutral Sentiment: Upcoming investor forum — Macy’s presentation at the J.P. Morgan Retail Round‑Up could be a catalyst if management provides stronger guidance or KPIs, but the event itself is neutral until new information is released. JP Morgan event release
• Negative Sentiment: Analyst estimate cuts & negative rating — Zacks Research issued multiple downward revisions to near‑term quarterly and FY estimates and maintains a “Strong Sell” stance; those cuts increase short‑term earnings uncertainty and selling pressure. Zacks coverage and estimate changes
• Negative Sentiment: Insider selling — CEO Antony Spring and multiple senior officers sold stock (SEC filings disclosed). Large insider sales can weigh on sentiment and likely contributed to today’s downside. CEO Form 4 EVP Form 4

Institutional Trading of Macy’s

Hedge funds have recently modified their holdings of the company. Strengthening Families & Communities LLC acquired a new position in Macy’s during the fourth quarter valued at approximately $28,000. V Square Quantitative Management LLC acquired a new stake in Macy’s in the fourth quarter worth $29,000. Cullen Frost Bankers Inc. bought a new position in shares of Macy’s during the third quarter worth $31,000. Smartleaf Asset Management LLC boosted its position in shares of Macy’s by 51.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,543 shares of the company’s stock worth $34,000 after purchasing an additional 526 shares in the last quarter. Finally, Bessemer Group Inc. grew its holdings 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 valued at $37,000 after buying an additional 592 shares during the period. 87.36% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. JPMorgan Chase & Co. cut their target price on shares of Macy’s from $24.00 to $21.00 and set a “neutral” rating for the company in a research note on Wednesday, March 18th. Wall Street Zen downgraded Macy’s from a “strong-buy” rating to a “hold” rating in a report on Monday, March 23rd. Jefferies Financial Group reiterated a “buy” rating and issued a $22.00 price objective on shares of Macy’s in a research report on Wednesday, March 18th. Weiss Ratings restated a “hold (c)” rating on shares of Macy’s in a research report on Friday, March 27th. Finally, Zacks Research cut Macy’s from a “hold” rating to a “strong sell” rating in a report on Friday, March 13th. One analyst has rated the stock with a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Macy’s presently has a consensus rating of “Reduce” and an average price target of $18.90.

About Macy’s

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.