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Macy's (NYSE:M) Insider Robert B. Harrison sold 19,459 shares of the stock on the open market in a transaction dated Monday, August 25th. The shares were sold at an average price of $62.00, for a total value of $1,206,458.00. Following the completion of the transaction, the insider now directly owns 27,675 shares in the company, valued at approximately $1,715,850. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Several analysts have recently commented on the stock. Analysts at Stifel Nicolaus raised their price target on shares of Macy's from $64.00 to $70.00 in a research note on Friday. They now have a “buy” rating on the stock. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of Macy's from $60.00 to $67.00 in a research note on Thursday. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Macy's in a research note on Thursday, August 14th. They now have a $59.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $63.79.

Shares of Macy's (NYSE:M) traded up 0.94% during mid-day trading on Monday, hitting $62.35. 4,492,646 shares of the company’s stock traded hands. Macy's has a 1-year low of $42.18 and a 1-year high of $62.09. The stock has a 50-day moving average of $58.3 and a 200-day moving average of $57.65. The company has a market cap of $22.041 billion and a P/E ratio of 15.33.

Macy's (NYSE:M) last posted its quarterly earnings results on Wednesday, August 13th. The company reported $0.80 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.86 by $0.06. The company had revenue of $6.27 billion for the quarter, compared to the consensus estimate of $6.30 billion. On average, analysts predict that Macy's will post $4.42 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 1st. Shareholders of record on Monday, September 15th will be paid a dividend of $0.3125 per share. This represents a $1.25 annualized dividend and a dividend yield of 2.00%. The ex-dividend date is Thursday, September 11th.

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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