Nordstrom Inc. (JWN) Insider Sells $284,580.00 in Stock
Nordstrom Inc. (NYSE:JWN) insider Daniel F. Little sold 5,270 shares of Nordstrom stock in a transaction that occurred on Thursday, October 6th. The stock was sold at an average price of $54.00, for a total transaction of $284,580.00. Following the completion of the transaction, the insider now owns 68,216 shares of the company’s stock, valued at approximately $3,683,664. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Daniel F. Little also recently made the following trade(s):
- On Wednesday, October 5th, Daniel F. Little sold 12,770 shares of Nordstrom stock. The stock was sold at an average price of $53.00, for a total transaction of $676,810.00.
Nordstrom Inc. (NYSE:JWN) opened at 54.83 on Friday. The stock has a market capitalization of $9.51 billion, a price-to-earnings ratio of 23.36 and a beta of 1.04. The firm has a 50-day moving average of $51.40 and a 200-day moving average of $46.51. Nordstrom Inc. has a 12-month low of $35.01 and a 12-month high of $69.54.
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Nordstrom (NYSE:JWN) last issued its quarterly earnings results on Thursday, August 11th. The company reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.11. The company had revenue of $3.65 billion for the quarter, compared to analyst estimates of $3.67 billion. Nordstrom had a return on equity of 47.22% and a net margin of 2.95%. The company’s quarterly revenue was down .2% compared to the same quarter last year. During the same period last year, the company earned $0.93 earnings per share. Equities research analysts forecast that Nordstrom Inc. will post $2.73 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 13th. Stockholders of record on Monday, August 29th were issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date of this dividend was Thursday, August 25th. Nordstrom’s dividend payout ratio (DPR) is 62.98%.
A number of brokerages recently issued reports on JWN. Credit Suisse Group AG reiterated a “hold” rating and issued a $40.00 price target on shares of Nordstrom in a research note on Friday, August 12th. Piper Jaffray Cos. reiterated a “neutral” rating and issued a $45.00 price target on shares of Nordstrom in a research note on Monday, July 11th. Royal Bank Of Canada lifted their price target on shares of Nordstrom from $38.00 to $47.00 and gave the stock a “sector perform” rating in a research note on Monday, August 15th. Vetr downgraded shares of Nordstrom from a “buy” rating to a “hold” rating and set a $43.19 price target for the company. in a research note on Wednesday, July 13th. Finally, Maxim Group began 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. Seven equities research analysts have rated the stock with a sell rating, eighteen have given 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.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Pacer Advisors Inc. raised its position in shares of Nordstrom by 5.6% in the second quarter. Pacer Advisors Inc. now owns 2,632 shares of the company’s stock worth $100,000 after buying an additional 140 shares during the period. Evercore Wealth Management LLC raised its position in shares of Nordstrom by 9.1% in the second quarter. Evercore Wealth Management LLC now owns 2,779 shares of the company’s stock worth $106,000 after buying an additional 231 shares during the period. WFG Advisors LP raised its position in shares of Nordstrom by 51.7% in the second quarter. WFG Advisors LP now owns 2,906 shares of the company’s stock worth $111,000 after buying an additional 991 shares during the period. Blue Chip Partners Inc. acquired a new position in shares of Nordstrom during the second quarter worth approximately $114,000. Finally, Synovus Financial Corp raised its position in shares of Nordstrom by 66.1% in the second quarter. Synovus Financial Corp now owns 3,046 shares of the company’s stock worth $116,000 after buying an additional 1,212 shares during the period. 65.48% of the stock is currently owned by institutional investors.
Nordstrom Company Profile
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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