Paul Griscom, senior vice president and Controller at Macy’s, sold 379 shares of the company’s common stock on March 25, 2026. The transactions were executed at prices spanning $18.715 to $18.775 per share, producing an average sale price of $18.7492 and total proceeds of $7,105.
The day prior, on March 24, 2026, Griscom exercised 1,139 restricted stock units that converted into common shares. Those units carried a price of $0. After the March transactions, Griscom directly holds 24,139 shares of Macy’s common stock.
The insider sale occurred while Macy’s shares were trading near a fair value estimate of $18.52. Over the trailing 12 months the stock has risen roughly 46%, although it is down about 15% year-to-date. The company’s market multiples included a price-to-earnings ratio of 7.92, and the shares offered a dividend yield of 4.14% at the time of the report.
Macy’s reported fourth-quarter fiscal 2025 results that topped consensus expectations. The retailer delivered adjusted diluted earnings per share of $1.67 versus an analyst forecast of $1.56, and revenue of $7.6 billion compared with a projected $7.46 billion. Management attributed the quarter’s strength in part to performance in fragrance and luxury categories, and the company recorded total-company same-store sales growth of 1.8% for the period.
Following the results, several brokerages adjusted their price targets and ratings. TD Cowen lowered its price target to $20 from $21 while keeping a Hold rating. Telsey reduced its target to $20 from $25 and maintained a Market Perform rating, citing macro uncertainty. Evercore ISI cut its target to $19 from $21 and kept an In Line rating, pointing to valuation concerns. Jefferies reiterated a Buy rating with a $22 price target and referenced the fourth-quarter outperformance.
Management’s initial guidance for fiscal 2026 came in below Wall Street expectations. Company commentary indicated that the outlook was influenced by accounting changes and planned store closures.
Contextual note: The insider transaction was relatively small in dollar terms but occurred amid a mix of encouraging quarterly results and more cautious forward guidance, along with analyst target revisions.