Nordstrom Inc. (JWN) Insider Daniel F. Little Sells 12,770 Shares
Nordstrom Inc. (NYSE:JWN) insider Daniel F. Little sold 12,770 shares of the company’s stock in a transaction dated Wednesday, October 5th. The shares were sold at an average price of $53.00, for a total transaction of $676,810.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Shares of Nordstrom Inc. (NYSE:JWN) opened at 54.83 on Friday. The firm has a market cap of $9.51 billion, a PE ratio of 23.36 and a beta of 1.04. Nordstrom Inc. has a 1-year low of $35.01 and a 1-year high of $69.54. The stock has a 50 day moving average of $51.40 and a 200 day moving average of $46.51.
Nordstrom (NYSE:JWN) last posted its earnings results on Thursday, August 11th. The company reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.11. Nordstrom had a net margin of 2.95% and a return on equity of 47.22%. The business had revenue of $3.65 billion for the quarter, compared to analysts’ expectations of $3.67 billion. During the same period in the previous year, the company posted $0.93 earnings per share. The business’s revenue for the quarter was down .2% compared to the same quarter last year. Equities research analysts anticipate that Nordstrom Inc. will post $2.73 earnings per share for the current fiscal year.
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The business also recently declared a quarterly dividend, which was paid on Tuesday, September 13th. Investors of record on Monday, August 29th were issued a $0.37 dividend. The ex-dividend date was Thursday, August 25th. This represents a $1.48 annualized dividend and a yield of 2.70%. Nordstrom’s dividend payout ratio is presently 62.98%.
JWN has been the subject of several analyst reports. Vetr raised shares of Nordstrom from a “hold” rating to a “buy” rating and set a $47.50 price target for the company in a research note on Tuesday, July 26th. Maxim Group initiated coverage on shares of Nordstrom in a research note on Wednesday, June 15th. They issued a “buy” rating and a $50.00 price target for the company. Stifel Nicolaus increased their price target on shares of Nordstrom from $44.00 to $58.00 and gave the company a “buy” rating in a research note on Friday, August 12th. Deutsche Bank AG increased their price target on shares of Nordstrom from $47.00 to $57.00 and gave the company a “buy” rating in a research note on Friday, August 12th. Finally, Guggenheim initiated coverage on shares of Nordstrom in a research note on Friday, September 30th. They issued a “buy” rating and a $60.00 price target for the company. Seven research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and eight have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $47.23.
Hedge funds have recently bought and sold shares of the stock. Ngam Advisors L.P. bought a new stake in Nordstrom during the first quarter valued at about $1,251,000. TIAA CREF Investment Management LLC boosted its stake in Nordstrom by 22.7% in the first quarter. TIAA CREF Investment Management LLC now owns 696,390 shares of the company’s stock valued at $39,840,000 after buying an additional 128,940 shares in the last quarter. Teachers Advisors Inc. boosted its stake in Nordstrom by 2.0% in the first quarter. Teachers Advisors Inc. now owns 155,610 shares of the company’s stock valued at $8,902,000 after buying an additional 3,034 shares in the last quarter. Peapack Gladstone Financial Corp bought a new stake in Nordstrom during the first quarter valued at about $202,000. Finally, NN Investment Partners Holdings N.V. bought a new stake in Nordstrom during the first quarter valued at about $884,000. 65.48% of the stock is currently owned by hedge funds and other institutional investors.
Nordstrom, Inc is a fashion specialty retailer in the United States. The company operates through two segments: Retail and Credit. The Retail segment includes approximately 115 Nordstrom branded full-line stores in the United States and Nordstrom.com, approximately 167 off-price Nordstrom Rack stores, two Canada full-line stores, Nordstromrack.com and HauteLook, and other retail channels, including five Trunk Club showrooms and TrunkClub.com, its two Jeffrey boutiques and one clearance store that operates under the name Last Chance.
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