Daniel F. Little Sells 5,277 Shares of Nordstrom Inc. (JWN) Stock
Nordstrom Inc. (NYSE:JWN) insider Daniel F. Little sold 5,277 shares of Nordstrom stock in a transaction that occurred on Friday, October 7th. The shares were sold at an average price of $55.00, for a total transaction of $290,235.00. Following the transaction, the insider now directly owns 68,223 shares in the company, valued at $3,752,265. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
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 shares were sold at an average price of $53.00, for a total transaction of $676,810.00.
Shares of Nordstrom Inc. (NYSE:JWN) opened at 54.14 on Wednesday. Nordstrom Inc. has a 12-month low of $35.01 and a 12-month high of $69.54. The firm’s 50-day moving average price is $51.51 and its 200 day moving average price is $46.41. The firm has a market cap of $9.39 billion, a P/E ratio of 23.07 and a beta of 1.04.
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Nordstrom (NYSE:JWN) last released its quarterly earnings data on Thursday, August 11th. The company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.11. Nordstrom had a return on equity of 47.22% and a net margin of 2.95%. The firm earned $3.65 billion during the quarter, compared to analyst estimates of $3.67 billion. During the same period in the prior 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. On average, equities analysts expect that Nordstrom Inc. will post $2.73 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 13th. Shareholders of record on Monday, August 29th were paid a dividend of $0.37 per share. The ex-dividend date was Thursday, August 25th. This represents a $1.48 annualized dividend and a yield of 2.73%. Nordstrom’s dividend payout ratio is currently 62.98%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Nordstrom by 16.4% in the second quarter. Vanguard Group Inc. now owns 13,840,222 shares of the company’s stock valued at $526,621,000 after buying an additional 1,945,151 shares in the last quarter. Bank of New York Mellon Corp raised its position in Nordstrom by 5.6% in the second quarter. Bank of New York Mellon Corp now owns 7,853,110 shares of the company’s stock valued at $298,811,000 after buying an additional 414,860 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its position in Nordstrom by 4.3% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 3,861,213 shares of the company’s stock valued at $146,919,000 after buying an additional 160,682 shares in the last quarter. Hotchkis & Wiley Capital Management LLC raised its position in Nordstrom by 34.9% in the second quarter. Hotchkis & Wiley Capital Management LLC now owns 3,594,094 shares of the company’s stock valued at $136,755,000 after buying an additional 929,597 shares in the last quarter. Finally, Wellington Management Group LLP raised its position in Nordstrom by 38.1% in the first quarter. Wellington Management Group LLP now owns 2,972,301 shares of the company’s stock valued at $170,046,000 after buying an additional 819,877 shares in the last quarter. Hedge funds and other institutional investors own 65.48% of the company’s stock.
A number of research analysts have weighed in on JWN shares. Maxim Group started coverage on shares of Nordstrom in a research report on Wednesday, June 15th. They set a “buy” rating and a $50.00 price target on the stock. Vetr lowered shares of Nordstrom from a “strong-buy” rating to a “buy” rating and set a $43.19 price objective on the stock. in a research note on Thursday, July 7th. Stifel Nicolaus lifted their price objective 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 lifted their price objective 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 began coverage on shares of Nordstrom in a research note on Friday, September 30th. They set a “buy” rating and a $60.00 price objective on the stock. Seven equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and eight have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $47.23.
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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