Danielle Kirgan Sells 10,010 Shares of Macy’s (NYSE:M) Stock

Macy’s, Inc. (NYSE:M) EVP Danielle Kirgan sold 10,010 shares of the stock in a transaction on Monday, April 6th. The shares were sold at an average price of $17.92, for a total value of $179,379.20. Following the sale, the executive vice president owned 108,008 shares in the company, valued at $1,935,503.36. The trade was a 8.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Macy’s Stock Performance

NYSE:M opened at $18.36 on Thursday. The stock’s fifty day moving average is $19.47 and its 200 day moving average is $20.18. Macy’s, Inc. has a fifty-two week low of $9.81 and a fifty-two week high of $24.41. The firm has a market capitalization of $4.84 billion, a PE ratio of 7.91 and a beta of 1.51. 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 released its quarterly earnings results on Wednesday, March 18th. The company reported $1.67 earnings per share for the quarter, beating the consensus estimate of $1.55 by $0.12. Macy’s had a return on equity of 14.22% and a net margin of 2.84%.The company had revenue of $7.92 billion for the quarter, compared to analyst estimates of $7.48 billion. During the same quarter in the prior year, the firm posted $1.80 EPS. Macy’s’s quarterly revenue was down 1.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Macy’s, Inc. will post 2.39 earnings per share for the current year.

Macy’s Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th were paid a $0.1915 dividend. The ex-dividend date was Friday, March 13th. This is a positive change from Macy’s’s previous quarterly dividend of $0.18. This represents a $0.77 dividend on an annualized basis and a yield of 4.2%. Macy’s’s payout ratio is 33.19%.

Wall Street Analysts Forecast Growth

M has been the topic of a number of recent analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Macy’s in a research note on Friday, March 27th. Jefferies Financial Group reiterated a “buy” rating and issued a $22.00 target price on shares of Macy’s in a research note on Wednesday, March 18th. UBS Group increased their target price on Macy’s from $8.00 to $9.00 and gave the stock a “sell” rating in a research note on Monday, March 9th. Telsey Advisory Group reiterated a “market perform” rating and issued a $20.00 target price on shares of Macy’s in a research note on Wednesday, April 1st. Finally, Citigroup reduced their target price on Macy’s from $24.00 to $18.00 and set a “neutral” rating on the stock in a research note on Thursday, March 19th. One equities research analyst has rated the stock with a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, Macy’s currently has an average rating of “Reduce” and a consensus target price of $18.90.

Macy’s News Summary

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

• Positive Sentiment: Macy’s reported an earnings and revenue beat for the March quarter (EPS $1.67 vs. $1.55 est.; revenue $7.92B vs. $7.48B est.), which supports near-term upside and helped lift the stock. MarketBeat – Macy’s
• Positive Sentiment: The company recently raised its quarterly dividend (paid April 1), increasing annualized payout and boosting yield (~4.2%), a shareholder-friendly move that can support the stock’s appeal to income investors. Dividend disclosure (MarketBeat)
• Neutral Sentiment: Multiple insiders sold shares on April 6 (CEO Antony Spring sold 50,044 shares; several other executives also sold smaller blocks). Company disclosures say the sales were to cover tax withholding tied to vested awards, which typically makes these Form 4 sales neutral from a governance perspective. InsiderTrades – insider sale alert
• Negative Sentiment: Analyst coverage is mixed-to-weak: several price targets have been cut and the consensus rating skews toward “Reduce” with an average target near $18.90 — that limits upside unless fundamentals or guidance improve. Analyst notes (MarketBeat)
• Negative Sentiment: Technically, the stock is trading below its 50- and 200-day moving averages, which can attract short-term selling pressure from momentum and quant funds. Market data (MarketBeat)

Hedge Funds Weigh In On Macy’s

Several institutional investors have recently made changes to their positions in the company. Hsbc Holdings PLC increased its stake in shares of Macy’s by 112.1% during the fourth quarter. Hsbc Holdings PLC now owns 383,947 shares of the company’s stock valued at $8,442,000 after buying an additional 202,906 shares during the period. Corient Private Wealth LLC increased its stake in shares of Macy’s by 51.9% during the fourth quarter. Corient Private Wealth LLC now owns 292,216 shares of the company’s stock valued at $6,444,000 after buying an additional 99,832 shares during the period. Pacer Advisors Inc. increased its stake in shares of Macy’s by 1,859.1% during the fourth quarter. Pacer Advisors Inc. now owns 1,337,481 shares of the company’s stock valued at $29,491,000 after buying an additional 1,269,211 shares during the period. Kera Capital Partners Inc. purchased a new position in shares of Macy’s during the fourth quarter valued at $271,000. Finally, Mercer Global Advisors Inc. ADV increased its stake in shares of Macy’s by 420.3% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 66,243 shares of the company’s stock valued at $1,461,000 after buying an additional 53,512 shares during the period. Hedge funds and other institutional investors own 87.36% of the company’s stock.

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.