Macy’s (NYSE:M) EVP Thomas Jr. Edwards Sells 16,419 Shares of Stock

Macy’s, Inc. (NYSE:M) EVP Thomas Jr. Edwards sold 16,419 shares of the firm’s stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of $24.89, for a total transaction of $408,668.91. Following the completion of the transaction, the executive vice president owned 20,000 shares of the company’s stock, valued at approximately $497,800. This trade represents a 45.08% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Macy’s Trading Up 5.8%

M traded up $1.39 during trading on Wednesday, reaching $25.34. 6,835,947 shares of the company’s stock were exchanged, compared to its average volume of 6,948,511. Macy’s, Inc. has a one year low of $10.72 and a one year high of $25.65. The company has a current ratio of 1.48, a quick ratio of 0.44 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $6.67 billion, a PE ratio of 10.47 and a beta of 1.48. The firm has a fifty day moving average price of $21.02 and a two-hundred day moving average price of $20.81.

Macy’s (NYSE:M) last released its quarterly earnings results on Wednesday, June 3rd. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.11. The firm had revenue of $4.89 billion during the quarter, compared to the consensus estimate of $4.61 billion. Macy’s had a net margin of 2.94% and a return on equity of 13.68%. The company’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.16 earnings per share. Macy’s has set its Q2 2026 guidance at 0.290-0.340 EPS and its FY 2026 guidance at 2.000-2.200 EPS. As a group, equities research analysts forecast that Macy’s, Inc. will post 2.16 earnings per share for the current fiscal year.

Macy’s Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 15th will be given a dividend of $0.1915 per share. This represents a $0.77 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Monday, June 15th. Macy’s’s dividend payout ratio (DPR) is currently 31.82%.

Institutional Trading of Macy’s

Several hedge funds have recently modified their holdings of the stock. Pacer Advisors Inc. lifted its position in shares of Macy’s by 40.7% during the 1st quarter. Pacer Advisors Inc. now owns 1,881,348 shares of the company’s stock valued at $34,034,000 after acquiring an additional 543,867 shares during the period. Bank of America Corp DE grew its holdings in Macy’s by 23.4% in the first quarter. Bank of America Corp DE now owns 978,206 shares of the company’s stock worth $17,696,000 after purchasing an additional 185,678 shares during the period. Kentucky Retirement Systems bought a new stake in Macy’s in the first quarter valued at $550,000. Amundi increased its stake in Macy’s by 375.7% in the first quarter. Amundi now owns 230,041 shares of the company’s stock valued at $4,161,000 after purchasing an additional 181,684 shares in the last quarter. Finally, California State Teachers Retirement System raised its holdings in shares of Macy’s by 18.1% during the first quarter. California State Teachers Retirement System now owns 302,035 shares of the company’s stock valued at $5,464,000 after purchasing an additional 46,343 shares during the period. Institutional investors own 87.36% of the company’s stock.

Analyst Upgrades and Downgrades

M has been the subject of several recent research reports. Wall Street Zen raised Macy’s from a “hold” rating to a “buy” rating in a research note on Saturday, June 6th. Citigroup lifted their price objective on Macy’s from $18.00 to $22.00 and gave the stock a “neutral” rating in a research note on Thursday, June 4th. Zacks Research upgraded Macy’s from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. UBS Group reissued a “sell” rating on shares of Macy’s in a research report on Thursday, June 4th. Finally, Telsey Advisory Group raised their price target on shares of Macy’s from $20.00 to $23.00 and gave the stock a “market perform” rating in a report on Thursday, June 4th. One equities research analyst has rated the stock with a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and an average price target of $20.80.

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.