Danielle Kirgan Sells 6,573 Shares of Macy’s (NYSE:M) Stock

Macy’s, Inc. (NYSE:M) EVP Danielle Kirgan sold 6,573 shares of the company’s stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $18.08, for a total value of $118,839.84. Following the completion of the transaction, the executive vice president owned 98,299 shares of the company’s stock, valued at approximately $1,777,245.92. This represents a 6.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Macy’s Trading Down 0.0%

M opened at $17.82 on Friday. The firm’s 50 day moving average is $19.60 and its 200-day moving average is $20.14. Macy’s, Inc. has a 52-week low of $9.76 and a 52-week high of $24.41. The company has a quick ratio of 0.50, a current ratio of 1.49 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $4.70 billion, a P/E ratio of 7.68 and a beta of 1.51.

Macy’s (NYSE:M) last announced its earnings results on Wednesday, March 18th. The company reported $1.67 earnings per share for the quarter, beating the consensus estimate of $1.55 by $0.12. The business had revenue of $7.92 billion during the quarter, compared to the consensus estimate of $7.48 billion. Macy’s had a net margin of 2.84% and a return on equity of 14.22%. The business’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.80 earnings per share. Analysts expect that Macy’s, Inc. will post 2.39 EPS for the current fiscal year.

Macy’s Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th were given a $0.1915 dividend. This represents a $0.77 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend was Friday, March 13th. This is an increase from Macy’s’s previous quarterly dividend of $0.18. Macy’s’s dividend payout ratio is currently 33.19%.

Hedge Funds Weigh In On Macy’s

Institutional investors have recently made changes to their positions in the stock. Hsbc Holdings PLC lifted its holdings in shares of Macy’s by 112.1% in the 4th quarter. Hsbc Holdings PLC now owns 383,947 shares of the company’s stock worth $8,442,000 after purchasing an additional 202,906 shares during the last quarter. Corient Private Wealth LLC grew its stake in Macy’s by 51.9% during the 4th quarter. Corient Private Wealth LLC now owns 292,216 shares of the company’s stock worth $6,444,000 after buying an additional 99,832 shares during the last quarter. Pacer Advisors Inc. increased its position in Macy’s by 1,859.1% in the fourth quarter. Pacer Advisors Inc. now owns 1,337,481 shares of the company’s stock worth $29,491,000 after buying an additional 1,269,211 shares during the period. Kera Capital Partners Inc. acquired a new stake in Macy’s in the fourth quarter worth $271,000. Finally, Mercer Global Advisors Inc. ADV boosted its holdings in shares of Macy’s by 420.3% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 66,243 shares of the company’s stock valued at $1,461,000 after acquiring an additional 53,512 shares during the period. 87.36% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on M. Telsey Advisory Group reiterated a “market perform” rating and issued a $20.00 price target on shares of Macy’s in a research note on Wednesday. The Goldman Sachs Group raised their price objective on Macy’s from $16.50 to $22.00 and gave the company a “neutral” rating in a research note on Friday, December 5th. Wall Street Zen downgraded Macy’s from a “strong-buy” rating to a “hold” rating in a report on Monday, March 23rd. TD Cowen cut their target price on Macy’s from $21.00 to $20.00 and set a “hold” rating on the stock in a research report on Thursday, March 19th. Finally, Citigroup reduced their target price on Macy’s from $24.00 to $18.00 and set a “neutral” rating for the company in a research note on Thursday, March 19th. One investment analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus price target of $18.90.

Key Macy’s News

Here are the key news stories impacting Macy’s this week:

• Positive Sentiment: Luxury division strength — Bloomingdale’s and Bluemercury finished FY25 strongly and are cited as a key growth engine heading into FY26, supporting longer‑term revenue upside for Macy’s. Macy’s luxury business article
• Positive Sentiment: Recent quarterly beat — Macy’s topped consensus on EPS and revenue for the March quarter, showing resilience in sales and giving valuation bears less room to argue for an immediate deep cut. Analyst reactions post-earnings
• Positive Sentiment: Dividend hike — Macy’s modestly raised its quarterly dividend (paid April 1), which increases yield and supports income‑oriented holders. MarketBeat dividend/insider summary
• Positive Sentiment: Institutional backing — Several large funds (e.g., Norges Bank, Marshall Wace, Goldman Sachs additions) hold sizable positions, which provides longer‑term demand support. MarketBeat institutional holdings
• Neutral Sentiment: Upcoming investor forum — Macy’s presentation at the J.P. Morgan Retail Round‑Up could be a catalyst if management provides stronger guidance or KPIs, but the event itself is neutral until new information is released. JP Morgan event release
• Negative Sentiment: Analyst estimate cuts & negative rating — Zacks Research issued multiple downward revisions to near‑term quarterly and FY estimates and maintains a “Strong Sell” stance; those cuts increase short‑term earnings uncertainty and selling pressure. Zacks coverage and estimate changes
• Negative Sentiment: Insider selling — CEO Antony Spring and multiple senior officers sold stock (SEC filings disclosed). Large insider sales can weigh on sentiment and likely contributed to today’s downside. CEO Form 4 EVP Form 4

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.