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

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

Macy’s Trading Up 1.3%

Shares of NYSE:M opened at $25.68 on Friday. The stock has a 50 day moving average of $21.27 and a 200 day moving average of $20.85. The company has a market cap of $6.75 billion, a PE ratio of 10.61 and a beta of 1.48. Macy’s, Inc. has a 12-month low of $10.87 and a 12-month high of $26.00. The company has a current ratio of 1.48, a quick ratio of 0.44 and a debt-to-equity ratio of 0.50.

Macy’s (NYSE:M) last released its earnings results on Wednesday, June 3rd. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.11. Macy’s had a net margin of 2.94% and a return on equity of 13.68%. The company had revenue of $4.89 billion for the quarter, compared to analysts’ expectations of $4.61 billion. During the same quarter last year, the business earned $0.16 EPS. The firm’s revenue was up 1.8% compared to the same quarter last year. 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 expect that Macy’s, Inc. will post 2.16 EPS for the current year.

Macy’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders 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 dividend yield of 3.0%. The ex-dividend date is Monday, June 15th. Macy’s’s dividend payout ratio (DPR) is presently 31.40%.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. TD Cowen upped their target price on shares of Macy’s from $20.00 to $25.00 and gave the stock a “hold” rating in a report on Monday. Citigroup raised their price target on Macy’s from $18.00 to $22.00 and gave the company a “neutral” rating in a report on Thursday, June 4th. UBS Group reaffirmed a “sell” rating on shares of Macy’s in a research note on Thursday, June 4th. JPMorgan Chase & Co. upped their price objective on Macy’s from $21.00 to $27.00 and gave the stock a “neutral” rating in a research note on Thursday, June 4th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $22.00 target price on shares of Macy’s in a research report on Wednesday, March 18th. One research analyst has rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Macy’s has an average rating of “Reduce” and a consensus price target of $20.80.

Hedge Funds Weigh In On Macy’s

Institutional investors have recently bought and sold shares of the stock. Schroder Investment Management Group increased its stake in Macy’s by 1.1% in the 3rd quarter. Schroder Investment Management Group now owns 9,738,338 shares of the company’s stock worth $174,608,000 after acquiring an additional 110,548 shares during the last quarter. Kingsview Wealth Management LLC bought a new position in shares of Macy’s during the 4th quarter valued at approximately $3,524,000. Artemis Investment Management LLP purchased a new position in shares of Macy’s in the fourth quarter valued at $2,752,000. Private Advisory Group LLC purchased a new position in shares of Macy’s in the fourth quarter valued at $1,396,000. Finally, Wedge Capital Management L L P NC bought a new stake in Macy’s in the fourth quarter worth $30,722,000. 87.36% of the stock is owned by hedge funds and other institutional investors.

Macy’s Company Profile

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.