Macy's (NYSE:M) SVP Sells $221,670.18 in Stock

Key Points

• SVP Paul Griscom sold 12,843 shares of Macy's stock at an average price of $17.26, resulting in a 35.46% decrease in his holdings.
• Macy's recently reported earnings that beat estimates, with a net income margin of 2.18% and revenue of $4.81 billion, though this was down 2.5% year-over-year.
• The company announced a quarterly dividend of $0.1824 per share, reflecting an annualized yield of 4.2%, payable on October 1st.

Macy's, Inc. (NYSE:M - Get Free Report) SVP Paul Griscom sold 12,843 shares of the stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $17.26, for a total value of $221,670.18. Following the transaction, the senior vice president owned 23,379 shares of the company's stock, valued at $403,521.54. This represents a 35.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Macy's Price Performance

Shares of NYSE M traded up $0.03 during midday trading on Tuesday, reaching $17.47. 7,320,078 shares of the stock traded hands, compared to its average volume of 11,489,148. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.38 and a quick ratio of 0.35. The stock has a market capitalization of $4.69 billion, a PE ratio of 9.98 and a beta of 1.78. Macy's, Inc. has a one year low of $9.76 and a one year high of $18.13. The company's 50 day moving average is $13.64 and its 200 day moving average is $12.60.

Macy's (NYSE:M - Get Free Report) last posted its earnings results on Wednesday, September 3rd. The company reported $0.41 EPS for the quarter, beating analysts' consensus estimates of $0.19 by $0.22. The firm had revenue of $4.81 billion during the quarter, compared to the consensus estimate of $4.69 billion. Macy's had a return on equity of 15.39% and a net margin of 2.18%.The company's quarterly revenue was down 2.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.53 EPS. Macy's has set its Q3 2025 guidance at -0.200--0.150 EPS. FY 2025 guidance at 1.700-2.050 EPS. On average, equities research analysts anticipate that Macy's, Inc. will post 2.39 earnings per share for the current year.

Macy's Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Monday, September 15th will be given a $0.1824 dividend. The ex-dividend date is Monday, September 15th. This represents a $0.73 dividend on an annualized basis and a yield of 4.2%. Macy's's dividend payout ratio (DPR) is currently 41.71%.

Institutional Investors Weigh In On Macy's

Several institutional investors have recently added to or reduced their stakes in the business. Quantinno Capital Management LP boosted its holdings in Macy's by 0.9% in the fourth quarter. Quantinno Capital Management LP now owns 102,538 shares of the company's stock worth $1,736,000 after acquiring an additional 872 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in Macy's by 3.6% in the second quarter. PNC Financial Services Group Inc. now owns 26,306 shares of the company's stock worth $307,000 after acquiring an additional 907 shares in the last quarter. ProShare Advisors LLC boosted its holdings in Macy's by 7.7% in the fourth quarter. ProShare Advisors LLC now owns 12,978 shares of the company's stock worth $220,000 after acquiring an additional 924 shares in the last quarter. Crossmark Global Holdings Inc. boosted its holdings in Macy's by 0.5% in the first quarter. Crossmark Global Holdings Inc. now owns 205,492 shares of the company's stock worth $2,581,000 after acquiring an additional 959 shares in the last quarter. Finally, Factorial Partners LLC boosted its holdings in Macy's by 0.9% in the first quarter. Factorial Partners LLC now owns 111,000 shares of the company's stock worth $1,394,000 after acquiring an additional 1,000 shares in the last quarter. Institutional investors and hedge funds own 87.36% of the company's stock.

Wall Street Analysts Forecast Growth

M has been the subject of a number of analyst reports. Barclays raised their price target on Macy's from $12.00 to $15.00 and gave the stock an "equal weight" rating in a research report on Thursday, September 4th. JPMorgan Chase & Co. raised their price target on Macy's from $12.00 to $16.00 and gave the stock a "neutral" rating in a research report on Monday, July 28th. The Goldman Sachs Group lifted their target price on Macy's from $13.00 to $14.50 and gave the stock a "neutral" rating in a research report on Thursday, September 4th. Jefferies Financial Group lifted their target price on Macy's from $14.50 to $18.50 and gave the stock a "buy" rating in a research report on Wednesday, September 3rd. Finally, Citigroup lifted their target price on Macy's from $12.00 to $16.00 and gave the stock a "neutral" rating in a research report on Thursday, September 4th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Macy's has an average rating of "Hold" and a consensus target price of $14.85.

Macy's Company Profile

Macy's, Inc engages in the retail of apparel, accessories, cosmetics, home furnishings, and other consumer goods. The firm's brands include Macy's, Bloomingdale's, and Bluemercury. It offers men's, women's, and children's apparel, women's accessories, intimate apparel, shoes, cosmetics, fragrances, as well as home and miscellaneous products.