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Macy's (NYSE:M) Insider Tim M. Adams sold 10,000 shares of the stock on the open market in a transaction dated Friday, June 20th. The shares were sold at an average price of $58.16, for a total value of $581,600.00. Following the sale, the insider now directly owns 43,393 shares of the company’s stock, valued at approximately $2,523,737. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Shares of Macy's (NYSE:M) traded up 0.93% on Monday, hitting $58.70. The stock had a trading volume of 1,931,000 shares. Macy's has a 52 week low of $42.18 and a 52 week high of $61.26. The stock has a 50-day moving average of $57.90 and a 200-day moving average of $56.11. The company has a market cap of $21.157 billion and a price-to-earnings ratio of 14.79.

Macy's (NYSE:M) last issued its quarterly earnings data on Wednesday, May 14th. The company reported $0.60 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.59 by $0.01. The company had revenue of $6.28 billion for the quarter, compared to the consensus estimate of $6.46 billion. During the same quarter last year, the company posted $0.55 earnings per share. Macy's’s revenue was down 1.7% compared to the same quarter last year. Analysts expect that Macy's will post $4.50 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Tuesday, July 1st. Stockholders of record on Friday, June 13th will be paid a dividend of $0.3125 per share. This represents a $1.25 annualized dividend and a dividend yield of 2.15%. The ex-dividend date is Wednesday, June 11th. This is a boost from Macy's’s previous quarterly dividend of $0.25.

A number of analysts have recently weighed in on M shares. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Macy's in a research note on Wednesday, June 11th. They now have a $70.00 price target on the stock, up previously from $63.00. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Macy's in a research note on Friday, May 16th. They now have a $60.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $62.17.

Macy’s, Inc (NYSE:M) is a retail organization operating stores and Internet Websites under two brands (Macy’s and Bloomingdale’s) that sell a range of merchandise, including apparel and accessories (men’s, women’s and children’s), cosmetics, home furnishings and other consumer goods in 45 states, the District of Columbia, Guam and Puerto Rico.

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