Paul Griscom Sells 745 Shares of Macy’s (NYSE:M) Stock

Macy’s, Inc. (NYSE:M) SVP Paul Griscom sold 745 shares of the firm’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 transaction of $13,350.40. Following the sale, the senior vice president owned 35,450 shares of the company’s stock, valued at $635,264. The trade was a 2.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Paul Griscom also recently made the following trade(s):

• On Wednesday, April 1st, Paul Griscom sold 490 shares of Macy’s stock. The stock was sold at an average price of $18.08, for a total transaction of $8,859.20.

Macy’s Trading Up 1.4%

Shares of NYSE:M opened at $18.36 on Thursday. The stock has a market capitalization of $4.84 billion, a price-to-earnings ratio of 7.91 and a beta of 1.51. Macy’s, Inc. has a 1-year low of $9.81 and a 1-year high of $24.41. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.50 and a current ratio of 1.49. The company has a 50 day moving average price of $19.47 and a 200 day moving average price of $20.18.

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

Macy’s Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 1st. Investors of record on Friday, March 13th were issued a dividend of $0.1915 per share. 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%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Strengthening Families & Communities LLC purchased a new stake in Macy’s in the 4th quarter worth approximately $28,000. V Square Quantitative Management LLC purchased a new stake in Macy’s in the 4th quarter worth approximately $29,000. Cullen Frost Bankers Inc. purchased a new stake in Macy’s in the 3rd quarter worth approximately $31,000. Smartleaf Asset Management LLC lifted its position in Macy’s by 51.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,543 shares of the company’s stock worth $34,000 after buying an additional 526 shares in the last quarter. Finally, Bessemer Group Inc. lifted its position in Macy’s by 41.4% in the 3rd quarter. Bessemer Group Inc. now owns 2,023 shares of the company’s stock worth $37,000 after buying an additional 592 shares in the last quarter. Institutional investors and hedge funds own 87.36% of the company’s stock.

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)

Wall Street Analyst Weigh In

Several equities analysts have weighed in on M shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Macy’s in a research report on Friday, March 27th. Zacks Research lowered Macy’s from a “hold” rating to a “strong sell” rating in a report on Friday, March 13th. Jefferies Financial Group reiterated a “buy” rating and set a $22.00 price target on shares of Macy’s in a report on Wednesday, March 18th. Wall Street Zen lowered Macy’s from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 23rd. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $20.00 price objective on shares of Macy’s in a research note on Wednesday, April 1st. One equities research analyst has rated the stock with a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Reduce” and a consensus price target of $18.90.

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.