Macy’s, Inc. reported that Chairman and Chief Executive Officer Antony Spring disposed of 3,024 shares of common stock on March 25, 2026, receiving approximately $56,604 from the transaction. The sale was executed at a weighted average price of $18.7185 per share, with individual trades occurring between $18.68 and $18.76, according to a Form 4 filed with the Securities and Exchange Commission.
The filing shows the disposition reduced Spring’s direct ownership stake to 341,113.1058 shares. The move followed an exercise on March 24, 2026, when Spring converted 8,539 restricted stock units into common stock; those units had a price of $0.
At the time of the filing, Macy’s stock was trading at $18.49. The share price is up 46% over the past year but has declined 15% year-to-date.
Valuation metrics highlighted in public materials list Macy’s price-to-earnings ratio at 7.92, a level identified by InvestingPro as a low earnings multiple. Investors interested in additional metrics can consult Macy’s Pro Research Report, which the publisher notes includes 11 additional ProTips and comprehensive analysis available for Macy’s and more than 1,400 other U.S. equities.
In corporate results disclosed for the fourth quarter of fiscal 2025, Macy’s posted adjusted diluted earnings per share of $1.67, outpacing the consensus forecast of $1.56. Revenue for the quarter reached $7.6 billion, topping a projected $7.46 billion. Those results prompted several analyst shops to revise their price targets for the stock.
Specific analyst adjustments noted in public reports include TD Cowen lowering its price target to $20 from $21 while maintaining a Hold rating, citing the company’s earnings beat and strength in fragrance and luxury. Telsey reduced its target to $20 from $25 and kept a Market Perform rating, pointing to positive sales across Macy’s nameplates. Evercore ISI cut its target to $19 from $21 and held an In Line rating, citing valuation concerns despite Macy’s outperformance on same-store sales and EBIT margin. Jefferies continued to carry a Buy rating with a $22 price objective, emphasizing the company’s better-than-expected sales and EPS.
Despite the quarter’s upside, Macy’s initial fiscal 2026 guidance came in below Wall Street expectations. Company commentary attributes the variance in part to accounting changes and store closures.
This regulatory disclosure of an insider sale and prior RSU exercise provides a snapshot of recent leadership-level transactions at Macy’s while the company navigates mixed near-term signals: strong recent results but a cautious outlook for the coming year.