Stocks of Macy’s Inc (NYSE:M) traded higher last session on Wall Street, up 1.50% to $11.49.
M stock price is now -2.69% away from the 50-day moving average and -20.66% away from the 200-day moving average. The market capitalization of the company currently stands at $3.12B.
With the price target reduced from $15 to $14, Telsey Advisory Group maintained Market Perform rating for Macy’s Inc (NYSE: M). On April 28, 2025, Barclays recently initiated its ‘Equal Weight’ rating on the stock quoting a target price of $12, while ‘Goldman’ rates the stock as ‘Neutral’
In other news, Griscom Paul, SVP and Controller sold 489 shares of the company’s stock on Apr 01 ’25. The stock was sold for $6,303 at an average price of $12.89. Upon completion of the transaction, the SVP and Controller now directly owns 36,222 shares in the company, valued at $0.42 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 01 ’25, EVP, Chief HR Officer Kirgan Danielle L. sold 4,522 shares of the business’s stock. A total of $58,256 was realized by selling the stock at an average price of $12.88. This leaves the insider owning 386,161 shares of the company worth $4.44 million. A total of 0.84% of the company’s stock is owned by insiders.
During the past 12 months, Macy’s Inc has had a low of $9.76 and a high of $20.47. As of last week, the company has a debt-to-equity ratio of 1.27, a current ratio of 1.43, and a quick ratio of 0.37.
The net profit margin was 2.45% and return on equity was 12.92% for M. The company reported revenue of $8.01 billion for the quarter, compared to $8.38 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -4.39 percent.
