Olivier Bron Sells 7,228 Shares of Macy’s (NYSE:M) Stock

Macy’s, Inc. (NYSE:M) CEO Olivier Bron sold 7,228 shares of the business’s stock in a transaction that occurred on Monday, April 6th. The stock was sold at an average price of $17.92, for a total value of $129,525.76. Following the sale, the chief executive officer owned 21,590 shares of the company’s stock, valued at approximately $386,892.80. The trade was a 25.08% decrease in their position. The transaction 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 Trading Up 1.4%

NYSE:M opened at $18.36 on Thursday. The firm has a market cap of $4.84 billion, a P/E ratio of 7.91 and a beta of 1.51. The company has a current ratio of 1.49, a quick ratio of 0.50 and a debt-to-equity ratio of 0.50. The stock’s 50 day simple moving average is $19.47 and its 200-day simple moving average is $20.18. Macy’s, Inc. has a 12-month low of $9.81 and a 12-month high of $24.41.

Macy’s (NYSE:M) last released its 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. The business had revenue of $7.92 billion for 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 company’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.80 earnings per share. Equities analysts anticipate that Macy’s, Inc. will post 2.39 EPS for the current year.

Macy’s Increases Dividend

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

Macy’s News Roundup

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)

Institutional Trading of Macy’s

A number of institutional investors have recently modified their holdings of the business. Hsbc Holdings PLC boosted its stake in shares of Macy’s by 112.1% in 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 in the last quarter. Corient Private Wealth LLC boosted its stake in shares of Macy’s by 51.9% in 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 in the last quarter. Pacer Advisors Inc. boosted its stake in shares of Macy’s by 1,859.1% in 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 in the last quarter. Kera Capital Partners Inc. purchased a new stake in shares of Macy’s in the fourth quarter valued at approximately $271,000. Finally, Mercer Global Advisors Inc. ADV boosted its stake in shares of Macy’s by 420.3% in 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 in the last quarter. 87.36% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. JPMorgan Chase & Co. dropped their target price on Macy’s from $24.00 to $21.00 and set a “neutral” rating on the stock in a report on Wednesday, March 18th. Telsey Advisory Group reissued a “market perform” rating and issued a $20.00 target price on shares of Macy’s in a report on Wednesday, April 1st. Citigroup dropped their target price on Macy’s from $24.00 to $18.00 and set a “neutral” rating on the stock in a report on Thursday, March 19th. Wall Street Zen lowered Macy’s from a “strong-buy” rating to a “hold” rating in a report on Monday, March 23rd. Finally, Zacks Research downgraded Macy’s from a “hold” rating to a “strong sell” rating in a research note on Friday, March 13th. 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’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average target price of $18.90.

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.