Macy’s (NYSE:M) SVP Paul Griscom Sells 10,077 Shares of Stock

Macy’s, Inc. (NYSE:M) SVP Paul Griscom sold 10,077 shares of the firm’s stock in a transaction that occurred on Thursday, June 25th. The stock was sold at an average price of $25.63, for a total transaction of $258,273.51. Following the sale, the senior vice president owned 25,373 shares of the company’s stock, valued at approximately $650,309.99. The trade was a 28.43% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• On Monday, April 6th, Paul Griscom sold 745 shares of Macy’s stock. The stock was sold at an average price of $17.92, for a total value of $13,350.40.
• On Wednesday, April 1st, Paul Griscom sold 490 shares of Macy’s stock. The shares were sold at an average price of $18.08, for a total value of $8,859.20.

Macy’s Stock Up 1.0%

M stock opened at $25.97 on Friday. The stock has a fifty day moving average of $21.41 and a 200-day moving average of $20.88. Macy’s, Inc. has a fifty-two week low of $11.15 and a fifty-two week high of $26.10. The company has a market capitalization of $6.83 billion, a price-to-earnings ratio of 10.73 and a beta of 1.48. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.44 and a current ratio of 1.48.

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

Macy’s Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th will be given a $0.1915 dividend. The ex-dividend date is Monday, June 15th. This represents a $0.77 annualized dividend and a dividend yield of 3.0%. Macy’s’s payout ratio is 31.82%.

Institutional Trading of Macy’s

Several large investors have recently bought and sold shares of M. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Macy’s by 38.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 162,989 shares of the company’s stock worth $2,047,000 after acquiring an additional 45,149 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Macy’s by 5.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,116,170 shares of the company’s stock valued at $14,019,000 after purchasing an additional 55,821 shares in the last quarter. Focus Partners Wealth lifted its holdings in shares of Macy’s by 33.1% during the first quarter. Focus Partners Wealth now owns 58,197 shares of the company’s stock valued at $731,000 after purchasing an additional 14,489 shares during the last quarter. Cetera Investment Advisers lifted its holdings in shares of Macy’s by 49.6% during the second quarter. Cetera Investment Advisers now owns 24,300 shares of the company’s stock valued at $283,000 after purchasing an additional 8,053 shares during the last quarter. Finally, Invesco Ltd. boosted its position in shares of Macy’s by 160.5% in the 2nd quarter. Invesco Ltd. now owns 4,283,107 shares of the company’s stock worth $49,941,000 after purchasing an additional 2,639,132 shares in the last quarter. 87.36% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Macy’s in a report on Friday, March 27th. UBS Group reaffirmed a “sell” rating on shares of Macy’s in a research note on Thursday, June 4th. Telsey Advisory Group boosted their price objective on shares of Macy’s from $20.00 to $23.00 and gave the stock a “market perform” rating in a report on Thursday, June 4th. Wall Street Zen upgraded shares of Macy’s from a “hold” rating to a “buy” rating in a research report on Saturday, June 6th. Finally, Citigroup upped their price target on shares of Macy’s from $18.00 to $22.00 and gave the company a “neutral” rating in a research report on Thursday, June 4th. One equities 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. According to data from MarketBeat, the company has a consensus rating of “Reduce” and an average price target of $20.80.

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.