Macy's (NYSE:M) is an omnichannel retail that sells a range of merchandise, including men's, women's and children's apparel and accessories, cosmetics, home furnishings and other consumer goods.
Insider selling during the last 30 days
Here is a table of Macy's insider activity during the last 30 days.
|Name||Title||Trade Date||Shares Sold||Rule 10b5-1||Current Ownership||Decrease In Ownership|
|Joel Belsky||EVP||March 19-25||11,875||No||3,599 shares + 7,500 options||51.7%|
|Martine Reardon||CMO||Feb 28-Mar 20||12,495||No||5,505 shares||69.4%|
|Jeffrey Kantor||Chairman of Macys.com||March 3-13||46,975||No||27,998 shares||62.7%|
|Graig Weatherup||Director||March 12||20,000||No||6,000 shares||76.9%|
|Karen Hoguet||CFO||March 3-11||80,564||No||191,284 shares||29.6%|
|Dennis Broderick||EVP||March 3-7||30,037||No||21,397 shares||58.4%|
|Terry Lundgren||CEO||March 3-4||595,138||No||415,688 shares||58.9%|
|Peter Sachse||CSO||March 3||53,064||No||117,359 shares||31.1%|
|Robert Harrison||COO||March 3||16,297||No||23,811 shares||40.6%|
|Amy Hanson||EVP||March 3||69,845||No||26,218 shares||72.7%|
|Julie Weiser||CMPO||March 3||53,064||No||67,759 shares||43.9%|
|Jeffrey Gennette||CMO||March 3||53,064||No||25,671 shares||67.4%|
|David Clark||EVP||Feb 27-Mar 3||85,990||No||8,791 shares||90.7%|
|Tim Adams||CPBO||Feb 28-Mar 3||100,952||No||43,393 shares + 21,019 options||61.0%|
|Marna Whittington||Director||March 3||20,000||No||34,834 shares||36.5%|
|Sara Levinson||Director||Feb 28||15,500||No||0 shares||100%|
There have been 1,264,860 shares sold by insiders during the last 30 days.
Insider selling by calendar month
Here is a table of Macy's insider activity by calendar month.
|Month||Insider selling / shares||Insider buying / shares|
There have been 3,330,645 shares sold, and there have been 7,125 shares purchased by insiders since January 2013. The month of March 2014 has seen the most insider selling.
Macy's reported the fiscal 2013 full-year, which ended February 1, financial results on February 25 with the following highlights:
|Net income||$1.5 billion|
The 16 insiders sold their shares after these results.
Macy's had a negative quarterly revenue growth year-over-year in the fourth quarter.
Macy's fiscal 2014 guidance is as follows:
|Comparable sales growth||2.5%-3%|
|Capital expenditures||~$1.05 billion|
|Qtrly Rev Growth (yoy):||-0.02||-0.04||-0.03||0.00|
|PEG (5 yr expected):||1.10||0.72||1.07||1.43|
Macy's has the second-highest P/E ratio among these four companies.
Here is a table of these competitors' insider activities this year.
|Company||Insider buying / shares||Insider selling / shares|
Gap and Nordstrom have also seen intensive insider selling during the last 30 days.
There have been 16 different insiders selling Macy's, and there have not been any insiders buying Macy's during the last 30 days. All 16 of these insiders decreased their holdings by more than 10%. Macy's has an insider ownership of 0.30%.
Before going short Macy's, I would like to get a bearish confirmation from the Point & Figure chart. The two main reasons for the proposed short entry are negative revenue growth, and the intensive insider-selling activity.