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In a recent series of transactions, Danielle L. Kirgan, Executive Vice President and Chief Human Resources Officer at Macy’s, Inc. (NYSE:M), sold shares of the company’s common stock valued at approximately $110,508. The sales were executed in multiple transactions on March 28 and March 31, 2025, with prices ranging between $12.6811 and $12.7736 per share. These transactions come as Macy’s stock trades near its 52-week low of $12.48, having declined nearly 25% year-to-date.
The transactions were part of a broader set of activities involving Macy’s stock. On March 27, Kirgan acquired 13,664 shares of common stock at no cost, as part of a settlement of performance restricted stock units. Additionally, 486 shares were withheld by Macy’s to satisfy tax obligations related to the vesting of accrued dividends. This withholding was valued at $6,405, based on a price of $13.18 per share. For deeper insights into insider trading patterns and comprehensive analysis, InvestingPro subscribers can access detailed insider transaction history and expert interpretations.
Furthermore, on March 28, Kirgan exercised options to acquire 11,255 shares of common stock, again at no cost. These activities reflect routine financial maneuvers associated with managing stock-based compensation and related obligations. Currently trading at 6.1 times earnings and 0.77 times book value, InvestingPro analysis suggests Macy’s stock is slightly undervalued, with 16 additional ProTips available for subscribers.
In other recent news, Macy’s reported fourth-quarter earnings per share of $1.80, surpassing analyst expectations of $1.54. Despite this earnings beat, Macy’s revenue reached $8.0 billion, which was below the anticipated $8.4 billion. Analysts from TD Cowen, Telsey Advisory Group, Citi, JPMorgan, and CFRA have all adjusted their price targets for Macy’s, with most setting a new target of $14.00, citing challenges in the department store sector and macroeconomic pressures. Telsey and Citi maintained a Market Perform and Neutral rating, respectively, while JPMorgan downgraded its rating from Overweight to Neutral.
The company’s fiscal year 2025 guidance projects an EPS range of $2.05 to $2.25, which is slightly below the Street’s expectations. Macy’s anticipates same-store sales to decline between 0.5% and 2.0% for the year. Analysts noted that Macy’s strategic initiatives, such as closing underperforming stores and expanding luxury offerings, are part of its "Bold New Chapter" strategy. However, they also highlighted ongoing headwinds, including consumer traffic shifts and competitive promotional environments. Despite these efforts, the outlook remains cautious with anticipated challenges in sales growth and profitability.
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