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Adrian V. Mitchell, the Executive Vice President, Chief Operating Officer, and Chief Financial Officer of Macy’s, Inc. (NYSE:M), recently sold a significant portion of his holdings in the company. According to a Form 4 filing with the Securities and Exchange Commission, Mitchell sold 101,633 shares of Macy’s common stock on April 1, 2025, at a weighted average price of $12.88 per share. This transaction amounted to approximately $1.3 million. The sale occurred with the stock trading near its 52-week low of $12.48, according to InvestingPro data, which currently shows the stock as fairly valued.
The sale was conducted to cover tax withholding obligations related to the vesting of restricted shares, as noted in the filing. Following this transaction, Mitchell’s direct ownership stands at 236,201 shares.
In addition to the sale, Mitchell acquired a total of 195,111 shares of Macy’s common stock on March 31, 2025, through the vesting of restricted stock units. These shares were acquired at no cost to Mitchell, as part of his compensation package.
In other recent news, Macy’s has appointed Thomas J. Edwards as its new Chief Operating Officer and Chief Financial Officer, effective June 22nd. This leadership change is part of Macy’s strategy to drive long-term growth. The company has also reiterated its first-quarter 2025 guidance, maintaining stability in its financial outlook. Meanwhile, analysts have revised their evaluations of Macy’s stock. TD Cowen, Telsey Advisory Group, Citi, and JPMorgan have all lowered their price targets for Macy’s, citing various concerns about the company’s future performance and macroeconomic challenges. TD Cowen reduced its price target to $14, maintaining a Hold rating, while Telsey adjusted its target to $15, keeping a Market Perform rating. Citi and JPMorgan both set their price targets at $14, with Citi maintaining a Neutral rating and JPMorgan downgrading the stock from Overweight to Neutral. Despite Macy’s fourth-quarter earnings per share surpassing expectations, analysts expressed caution regarding the company’s fiscal year 2025 projections and the broader challenges facing the retail sector.
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