Menu
Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Macy's Stock: Executive Selloff Amid Challenging Outlook


Macy's executives have recently engaged in significant stock sales as the retail giant's share price hovers near its 52-week low. CEO Antony Spring sold shares worth approximately $323,126 in late March transactions at average prices between $12.68 and $12.77. Similarly, Executive Vice President Adrian Mitchell, who serves as both COO and CFO, divested company shares valued at $171,959. The company's Chief Legal Officer also sold 2,780 shares at an average price of $12.68. According to corporate statements, these non-discretionary sales were conducted to cover tax liabilities associated with restricted stock unit transfers. The sales coincide with a challenging period for Macy's, whose stock has experienced a 10% decline in recent trading, placing it near its yearly low of $12.48.

Financial Performance Concerns

Despite outperforming analyst expectations with fourth-quarter earnings of $1.80 per share compared to the projected $1.54, Macy's missed revenue targets, reporting $8.0 billion against an anticipated $8.4 billion. The company has issued conservative guidance for fiscal year 2025, projecting earnings between $2.05 and $2.25 per share—below market expectations—and forecasting comparable sales declines of 0.5% to 2.0%. In response, several financial institutions including TD Cowen, Citi, and JPMorgan have reduced their price targets to $14. Management's turnaround strategy involves closing 150 underperforming locations while expanding luxury offerings by 20%, initiatives they project will generate substantial returns over the next three years.

Ad

Macy's Stock: New Analysis - 01 April

Fresh Macy's information released. What's the impact for investors? Our latest independent report examines recent figures and market trends.

Read our updated Macy's analysis...



Source StockWorld

Macy's Inc. Stock

€9.88
-0.070%
With only a change of -€0.007 (-0.070%) the Macy's Inc. price is nearly unchanged from yesterday.
Based on 4 Buy predictions and 3 Sell predictions the sentiment towards Macy's Inc. is rather balanced.
With a target price of 12 € there is a positive potential of 21.47% for Macy's Inc. compared to the current price of 9.88 €.
Like: 0
Share

Comments