Transaction details
Paul Griscom, Macy's senior vice president and Controller, completed a sale of 745 shares of Macy's common stock on April 6, 2026. The shares changed hands at a weighted average price of $17.924, producing proceeds of $13,353. The individual trade prices in the transaction ranged between $17.85 and $17.97.
Three days earlier, on April 3, 2026, Griscom exercised 2,629 restricted stock units that converted into common shares.
Where the stock stands
At the time of the filing, Macy's stock was trading at $18.11, a 74.8% increase over the prior 12 months. InvestingPro analysis cited in company materials indicates a Fair Value estimate of $17.59, placing the market price near that valuation benchmark.
Additional company-level metrics disclosed include a market capitalization of $4.78 billion, a price-to-earnings ratio of 7.78, and a dividend yield of 4.23%.
Earnings and analyst reaction
Macy's reported fourth-quarter results that beat analyst expectations on the top line for same-store sales and exceeded consensus on earnings per share. The company posted EPS of $1.67 versus a projected $1.57, and comparable sales rose 1.8% against an expected 0.9% decline.
Following the quarterly report, several brokerages adjusted their views and price targets on the stock. UBS maintained a Sell rating and set a $9 price target, citing market share concerns and anticipated earnings pressure. TD Cowen cut its price target to $20 while keeping a Hold rating, pointing to margin concerns. Telsey trimmed its target to $20 from $25 and retained a Market Perform rating, attributing the change to macroeconomic uncertainties. Evercore ISI moved its target to $19 with an In Line rating. Jefferies reiterated a Buy rating and assigned a $22 price target, calling out the stronger fourth-quarter performance even as Macy's issued lower-than-expected guidance for fiscal 2026.
Collectively, these analyst actions reflect a mixed outlook for Macy's near-term trajectory.
Research and tools
The company overview notes the availability of an in-depth Pro Research Report on InvestingPro for readers seeking additional valuation context and ProTips.
Separately, ProPicks AI is referenced as a tool that evaluates stocks across multiple financial metrics to surface potential ideas; the materials cite past ProPicks winners including Super Micro Computer (+185%) and AppLovin (+157%).
Conclusion
The insider sale by Macy's Controller and the RSU conversion are now public filings, occurring while the shares trade near an assessed fair value and after a quarter that outperformed estimates. Analysts remain divided on the stock's prospects, adjusting price targets and ratings in response to the results and guidance.