Macy's Inc (M) CEO & Chair-Elect Antony Spring Sells 13,404 Shares
Macy's Inc (NYSE:M), a prominent retailer offering a wide range of merchandise including apparel, accessories, cosmetics, home furnishings, and other consumer goods, has reported an insider selling event. CEO & Chair-Elect Antony Spring sold 13,404 shares of the company on March 22, 2024, according to a recent SEC filing.Antony Springs recent transaction involved the disposal of 13,404 shares at an undisclosed price. Over the past year, the insider has sold a total of 32,430 shares and has not made any purchases of the company's stock.The insider transaction history for Macy's Inc (NYSE:M) indicates a pattern of insider sales over the past year, with 12 recorded insider sells and no insider buys. This trend can provide investors with insights into the sentiment of company insiders regarding the stock's performance.
On the valuation front, shares of Macy's Inc (NYSE:M) were trading at $20.42 on the day of the insider's recent sale, giving the company a market capitalization of $5.405 billion. The price-earnings ratio stands at 53.28, which is above both the industry median of 18.39 and the company's historical median price-earnings ratio.Considering the current share price and the GuruFocus Value of $21.13, Macy's Inc has a price-to-GF-Value ratio of 0.97, suggesting that the stock is Fairly Valued according to the GF Value metric.
The GF Value is calculated based on historical trading multiples, a GuruFocus adjustment factor related to the company's past performance, and future business performance estimates provided by Morningstar analysts.SEC Filing
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
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