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Daniel L. Kagan, the executive vice president overseeing transformation and human resources at Macy's Co. (NYSE:), has made several stock trades recently, according to the latest SEC filings. On March 22, Mr. Kilgan sold 15,070 shares of Macy's common stock at an average price of $20.4165, for a total sale of approximately $307,676. The trades took place at prices ranging from $20.325 to $20.57.
In addition to the sale, Kilgan also acquired 44,634 shares on March 21 through the settlement of performance restricted stock units. This included 3,552 dividend shares accrued during the three-year performance period from 2021 to 2023. The shares were granted free of charge. Executive. On the same day, Macy's withheld 1,281 shares valued at $20.79 per share for a total of $26,631 to cover tax obligations related to the vesting of dividends on performance restricted stock units.
Following these transactions, Kilgan's direct ownership in Macy's common stock was adjusted to a total of 306,555 shares. The reported sales were made to cover withholding obligations associated with the vesting of performance-restricted stock and were not sold at Kilgan's discretion.
Investors and market watchers often monitor such insider trading to gain insight into management confidence and company performance. However, it is important to note that these transactions can be influenced by a variety of factors, including personal financial planning and tax considerations.
Investment Pro Insights
Amid recent insider trading in Macy's (NYSE:M), investors looking to understand the company's broader financial health can rely on InvestingPro's real-time data and analysis. While all eyes are on the executive vice president's stock activities, it's worth noting that Macy's is poised for a year of growth with an expected increase in net income. This forecast is consistent with the company's status as a prominent player in the Broadline retail industry, as highlighted by InvestingPro Tips.
Analyzing InvestingPro's financial metrics, Macy's market capitalization currently stands at US$5.41 billion. The company has a price-to-earnings ratio (P/E) of 51.49, suggesting that the stock is trading at a high earnings multiple. Nevertheless, its trailing-12-month adjusted P/E ratio as of Q4 2024 is significantly lower at 5.57, indicating that its recent earnings capacity may be more favorable.
Additionally, Macy's has demonstrated its commitment to shareholders, maintaining its dividend payments for 22 consecutive years. This is highlighted by the fact that the dividend yield is 3.43% as of the latest data, and he has an impressive dividend growth rate of 10.29% over the past 12 months as of Q4 2024. The company's stock price has also experienced a significant increase, with a total return of 85.36% over 6 months.
For those looking to dive deeper into Macy's financials and stock analysis, InvestingPro provides additional insights and metrics.When you use a coupon code pro news 24, readers can get an additional 10% off annual or biennial Pro and Pro+ subscriptions. There are currently eight additional His InvestingPro tips available regarding Macy's, providing a comprehensive view of the company's performance and stock price potential. To explore these tips and more, visit https://www.investing.com/pro/M.
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