Daniel F. Little Sells 5,270 Shares of Nordstrom Inc. (JWN) Stock
Nordstrom Inc. (NYSE:JWN) insider Daniel F. Little sold 5,270 shares of the stock in a transaction that occurred on Thursday, October 6th. The stock was sold at an average price of $54.00, for a total value of $284,580.00. Following the transaction, the insider now directly owns 68,216 shares in the company, valued at approximately $3,683,664. The transaction was disclosed in a document filed with the SEC, 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 value of $676,810.00.
Nordstrom Inc. (NYSE:JWN) opened at 54.83 on Friday. The company has a market capitalization of $9.51 billion, a price-to-earnings ratio of 23.36 and a beta of 1.04. The firm’s 50-day moving average price is $51.40 and its 200 day moving average price is $46.51. Nordstrom Inc. has a 12-month low of $35.01 and a 12-month high of $69.54.
Nordstrom (NYSE:JWN) last issued its earnings results on Thursday, August 11th. The company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.56 by $0.11. The company earned $3.65 billion during the quarter, compared to analysts’ expectations of $3.67 billion. Nordstrom had a net margin of 2.95% and a return on equity of 47.22%. The business’s revenue for the quarter was down .2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.93 EPS. On average, equities research analysts expect that Nordstrom Inc. will post $2.73 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 13th. Investors of record on Monday, August 29th were given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date was Thursday, August 25th. Nordstrom’s dividend payout ratio is currently 62.98%.
Several hedge funds have recently added to or reduced their stakes in JWN. Bank of Montreal Can purchased a new stake in Nordstrom during the second quarter worth approximately $111,916,000. Vanguard Group Inc. boosted its stake in Nordstrom by 16.4% in the second quarter. Vanguard Group Inc. now owns 13,840,222 shares of the company’s stock worth $526,621,000 after buying an additional 1,945,151 shares in the last quarter. Hotchkis & Wiley Capital Management LLC boosted its stake 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 worth $136,755,000 after buying an additional 929,597 shares in the last quarter. Schroder Investment Management Group boosted its stake in Nordstrom by 155.1% in the second quarter. Schroder Investment Management Group now owns 1,422,588 shares of the company’s stock worth $54,129,000 after buying an additional 864,908 shares in the last quarter. Finally, Wellington Management Group LLP boosted its stake in Nordstrom by 38.1% in the first quarter. Wellington Management Group LLP now owns 2,972,301 shares of the company’s stock worth $170,046,000 after buying an additional 819,877 shares in the last quarter. Institutional investors and hedge funds own 65.48% of the company’s stock.
A number of research firms have commented on JWN. RBC Capital Markets reaffirmed a “sector perform” rating and set a $47.00 target price (up previously from $38.00) on shares of Nordstrom in a report on Monday, August 15th. Vetr downgraded Nordstrom from a “sell” rating to a “strong sell” rating and set a $46.00 price target on the stock. in a report on Tuesday, September 6th. Guggenheim initiated coverage on Nordstrom in a report on Friday, September 30th. They issued a “buy” rating and a $60.00 price target on the stock. Cowen and Company reissued an “outperform” rating and issued a $55.00 price target (up previously from $48.00) on shares of Nordstrom in a report on Saturday, August 13th. Finally, Morgan Stanley reissued an “underweight” rating and issued a $36.00 price target (up previously from $34.00) on shares of Nordstrom in a report on Monday, August 15th. Seven investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and eight have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average 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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