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 business’s stock in a transaction that occurred on Wednesday, October 5th. The stock was sold at an average price of $53.00, for a total transaction of $676,810.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
Nordstrom Inc. (NYSE:JWN) opened at 54.83 on Friday. The stock has a market cap of $9.51 billion, a price-to-earnings ratio of 23.36 and a beta of 1.04. Nordstrom Inc. has a 52 week low of $35.01 and a 52 week high of $69.54. The firm’s 50-day moving average is $51.40 and its 200 day moving average is $46.51.
Nordstrom (NYSE:JWN) last issued its earnings results on Thursday, August 11th. The company reported $0.67 EPS for the quarter, topping the consensus estimate 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 net margin of 2.95% and a return on equity of 47.22%. The business’s revenue was down .2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.93 EPS. On average, equities research analysts expect that Nordstrom Inc. will post $2.73 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, September 13th. Shareholders of record on Monday, August 29th were given a dividend of $0.37 per share. The ex-dividend date was Thursday, August 25th. This represents a $1.48 annualized dividend and a dividend yield of 2.70%. Nordstrom’s payout ratio is currently 62.98%.
Several large investors have recently modified their holdings of JWN. Bank of Montreal Can bought a new stake in shares of Nordstrom during the second quarter valued at approximately $111,916,000. Vanguard Group Inc. raised 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 valued at $526,621,000 after buying an additional 1,945,151 shares in the last quarter. Hotchkis & Wiley Capital Management LLC raised 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 valued at $136,755,000 after buying an additional 929,597 shares in the last quarter. Schroder Investment Management Group raised 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 valued at $54,129,000 after buying an additional 864,908 shares in the last quarter. Finally, Wellington Management Group LLP raised 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 valued at $170,046,000 after buying an additional 819,877 shares in the last quarter. Institutional investors own 65.48% of the company’s stock.
JWN has been the subject of several recent analyst reports. Cowen and Company reiterated an “outperform” rating and set a $55.00 price objective on shares of Nordstrom in a research note on Monday, August 29th. Stifel Nicolaus reiterated a “buy” rating and set a $58.00 price objective on shares of Nordstrom in a research note on Tuesday, September 13th. Vetr upgraded shares of Nordstrom from a “strong sell” rating to a “sell” rating and set a $46.00 price objective for the company in a research note on Wednesday, August 31st. Guggenheim initiated coverage on shares of Nordstrom in a research note on Friday, September 30th. They set a “buy” rating and a $60.00 price objective for the company. Finally, Piper Jaffray Cos. reiterated an “overweight” rating and set a $56.00 price objective (up previously from $53.00) on shares of Nordstrom in a research note on Wednesday, August 10th. Seven 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 a consensus rating of “Hold” and a consensus target price of $47.23.
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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