Nordstrom Inc. (JWN) Insider Daniel F. Little Sells 5,270 Shares of Stock
Nordstrom Inc. (NYSE:JWN) insider Daniel F. Little sold 5,270 shares of the firm’s stock in a transaction dated Friday, September 23rd. The stock was sold at an average price of $52.00, for a total transaction of $274,040.00. Following the sale, the insider now owns 68,088 shares of the company’s stock, valued at approximately $3,540,576. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of Nordstrom Inc. (NYSE:JWN) opened at 51.71 on Wednesday. The stock’s 50 day moving average is $50.73 and its 200-day moving average is $46.63. Nordstrom Inc. has a one year low of $35.01 and a one year high of $75.67. The company has a market cap of $8.97 billion, a PE ratio of 22.03 and a beta of 0.93.
Nordstrom (NYSE:JWN) last posted its 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 firm earned $3.65 billion during the quarter, compared to the consensus estimate 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 in the prior year, the company earned $0.93 EPS. Equities research analysts expect that Nordstrom Inc. will post $2.73 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 13th. Investors of record on Monday, August 29th were given a $0.37 dividend. The ex-dividend date was Thursday, August 25th. This represents a $1.48 dividend on an annualized basis and a yield of 2.86%. Nordstrom’s dividend payout ratio is presently 62.98%.
Several research firms have recently weighed in on JWN. Buckingham Research reiterated a “reduce” rating and issued a $47.00 target price on shares of Nordstrom in a research note on Tuesday, May 31st. Argus reiterated a “hold” rating on shares of Nordstrom in a research note on Monday, June 13th. 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 target price for the company. Miller Tabak upgraded shares of Nordstrom from a “sell” rating to a “hold” rating and lifted their target price for the stock from $30.00 to $39.50 in a research note on Tuesday, July 5th. They noted that the move was a valuation call. Finally, Vetr downgraded shares of Nordstrom from a “strong-buy” rating to a “buy” rating and set a $43.19 target price for the company. in a research note on Thursday, July 7th. Seven research analysts have rated the stock with a sell rating, eighteen have given a hold rating and eight have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $47.13.
A number of hedge funds have recently modified their holdings of the company. Norges Bank bought a new stake in shares of Nordstrom during the fourth quarter worth about $83,978,000. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in shares of Nordstrom by 14.0% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 32,818 shares of the company’s stock worth $1,878,000 after buying an additional 4,033 shares in the last quarter. Capstone Asset Management Co. increased its stake in shares of Nordstrom by 19.5% in the first quarter. Capstone Asset Management Co. now owns 29,653 shares of the company’s stock worth $1,696,000 after buying an additional 4,830 shares in the last quarter. Exxonmobil Investment Management Inc. TX increased its stake in shares of Nordstrom by 2.5% in the first quarter. Exxonmobil Investment Management Inc. TX now owns 31,260 shares of the company’s stock worth $1,788,000 after buying an additional 763 shares in the last quarter. Finally, Nisa Investment Advisors L.L.C. increased its stake in shares of Nordstrom by 2.5% in the first quarter. Nisa Investment Advisors L.L.C. now owns 45,668 shares of the company’s stock worth $2,613,000 after buying an additional 1,100 shares in the last quarter. Institutional investors own 65.48% of the company’s stock.
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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