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 stock in a transaction that occurred on Wednesday, April 1st. The shares were 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. This trade represents a 6.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Macy’s Price Performance

Shares of NYSE:M opened at $17.82 on Friday. Macy’s, Inc. has a 12 month low of $9.76 and a 12 month high of $24.41. The stock has a market cap of $4.70 billion, a price-to-earnings ratio of 7.68 and a beta of 1.51. The stock’s 50 day moving average price is $19.60 and its 200 day moving average price is $20.16. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.49 and a quick ratio of 0.50.

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

Macy’s Increases Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts have commented on M shares. Zacks Research cut shares of Macy’s from a “hold” rating to a “strong sell” rating in a research report on Friday, March 13th. Jefferies Financial Group restated a “buy” rating and set a $22.00 price objective on shares of Macy’s in a research report on Wednesday, March 18th. Guggenheim began coverage on shares of Macy’s in a report on Tuesday, December 9th. They issued a “neutral” rating on the stock. UBS Group increased their target price on shares of Macy’s from $8.00 to $9.00 and gave the company a “sell” rating in a research note on Monday, March 9th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Macy’s in a report on Friday, March 27th. One investment 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, Macy’s currently has an average rating of “Reduce” and an average price target of $18.90.

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 Investors Weigh In On Macy’s

Several hedge funds have recently modified their holdings of the stock. Strengthening Families & Communities LLC purchased a new position in Macy’s in the 4th quarter worth about $28,000. V Square Quantitative Management LLC acquired a new stake in Macy’s during the 4th quarter worth about $29,000. Smartleaf Asset Management LLC lifted its stake in Macy’s by 51.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,543 shares of the company’s stock valued at $34,000 after buying an additional 526 shares in the last quarter. Cullen Frost Bankers Inc. acquired a new position in shares of Macy’s in the third quarter worth about $31,000. Finally, CIBC Private Wealth Group LLC boosted its holdings in shares of Macy’s by 35.9% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,838 shares of the company’s stock worth $41,000 after buying an additional 486 shares during the period. 87.36% of the stock is owned by hedge funds and other institutional investors.

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.