Insider Selling: Daniel F. Little Sells 11,000 Shares of Nordstrom Stock (JWN)
Nordstrom (NYSE:JWN) EVP Daniel F. Little unloaded 11,000 shares of the company’s stock on the open market in a transaction dated Friday, June 6th. The stock was sold at an average price of $68.45, for a total transaction of $752,950.00. Following the transaction, the executive vice president now directly owns 42,312 shares in the company, valued at approximately $2,896,256. The sale was disclosed in a legal filing with the SEC, which is available at this link.
A number of analysts have recently weighed in on JWN shares. Analysts at Zacks reiterated a “neutral” rating on shares of Nordstrom in a research note on Wednesday, June 4th. They now have a $71.00 price target on the stock. Separately, analysts at Buckingham Research raised their price target on shares of Nordstrom from $62.00 to $70.00 in a research note on Friday, May 16th. They now have a “neutral” rating on the stock. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Nordstrom from $58.00 to $64.00 in a research note on Friday, May 16th. They now have a “neutral” rating on the stock. Twelve analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $68.47.
Nordstrom (NYSE:JWN) traded down 0.16% on Tuesday, hitting $68.54. 598,182 shares of the company’s stock traded hands. Nordstrom has a one year low of $54.90 and a one year high of $70.71. The stock’s 50-day moving average is $64.60 and its 200-day moving average is $61.73. The company has a market cap of $13.021 billion and a price-to-earnings ratio of 18.52.
Nordstrom (NYSE:JWN) last issued its quarterly earnings data on Thursday, May 15th. The company reported $0.72 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.68 by $0.04. The company had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.86 billion. Analysts expect that Nordstrom will post $3.90 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, June 13th. Shareholders of record on Friday, May 30th will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date of this dividend is Wednesday, May 28th.
Nordstrom, Inc is a fashion specialty retailer. As of March 18, 2013, the Company operates 242 United States stores located in 31 states, as well as an e-commerce business through nordstrom.
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