Thomas Edwards Jr., serving as Executive Vice President, Chief Operating Officer, and Chief Financial Officer at Macy’s, Inc. (NYSE:M), executed a transaction to sell 16,419 shares of the company’s common stock on June 24, 2026. The total value of the sale was recorded at $408,726. The shares were liquidated at prices ranging from $24.83 to $24.9250 per share. This transaction was classified as non-discretionary and was specifically executed to cover tax withholding obligations associated with the vesting of restricted shares. The timing of the sale is notable as Macy’s stock trades near its 52-week high of $25.65, following a remarkable 139% return over the past year.
This transaction followed the acquisition of 36,419 shares of Macy’s common stock on June 23, 2026. The acquisition resulted from the vesting of restricted stock units. Each restricted stock unit represents the equivalent of one share of Macy’s common stock. According to InvestingPro analysis, Macy’s currently appears overvalued relative to its Fair Value, though the company trades at an attractive P/E ratio of 10.43. Investors can access 13 additional InvestingPro Tips and comprehensive analysis for deeper insights into Macy’s valuation.
Following these transactions, Mr. Edwards Jr. directly holds 20,000 shares of Macy’s common stock. He also holds 109,257 restricted stock units, which were part of a grant of 145,676 restricted stock units on June 23, 2025, vesting in four equal installments beginning on the first anniversary of the grant date.
In other recent news, Macy’s, Inc. reported exceptional first-quarter results for 2026, significantly surpassing earnings and revenue expectations. The company achieved an earnings per share of $0.13, well above the projected $0.03, and reported revenues of $4.7 billion, exceeding the expected $4.61 billion. This strong performance reflects Macy’s effective execution in merchandising, service, and brand mix, as noted by TD Cowen, which raised its price target for the stock to $25 while maintaining a Hold rating. Macy’s IncFollowAnalyze MIncluded in our AI-picked strategies·Review strategies25.34▲+1.39(+5.80%)Closed·15:59:59·USD25.32▼-0.02(-0.08%)After Hours·19:59:091D1W6M1Y5YMaxCreated with Highcharts 11.4.814:0015:0016:0017:0018:0019:002425Analyze MDespite these positive earnings, UBS maintains a Sell rating on Macy’s, citing concerns about the company’s ability to retain market share amid pricing and product challenges compared to competitors. UBS has kept its price target at $9, highlighting ongoing market share issues despite the company’s robust first-quarter performance. Macy’s first-quarter comparable sales grew by 3%, surpassing the Street estimate of 1.4%, with notable strength at Bloomingdale’s, which posted a 10.2% growth.
These developments indicate a mixed sentiment among analysts regarding Macy’s future prospects, with some emphasizing the company’s current execution strengths and others focusing on long-term market challenges.