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 dated Wednesday, October 5th. The shares were sold at an average price of $53.00, for a total value of $676,810.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of Nordstrom Inc. (NYSE:JWN) opened at 54.83 on Friday. Nordstrom Inc. has a 52 week low of $35.01 and a 52 week high of $69.54. The firm has a 50-day moving average price of $51.40 and a 200-day moving average price of $46.51. 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 (NYSE:JWN) last posted its quarterly earnings data on Thursday, August 11th. The company reported $0.67 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.11. Nordstrom had a net margin of 2.95% and a return on equity of 47.22%. The business earned $3.65 billion during the quarter, compared to the consensus estimate of $3.67 billion. During the same period in the previous year, the firm 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 anticipate that Nordstrom Inc. will post $2.73 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 13th. Investors of record on Monday, August 29th were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Thursday, August 25th. This represents a $1.48 dividend on an annualized basis and a yield of 2.70%. Nordstrom’s dividend payout ratio is presently 62.98%.
JWN has been the subject of a number of recent research reports. Goldman Sachs Group Inc. reissued a “neutral” rating and issued a $39.00 target price on shares of Nordstrom in a research note on Monday, August 1st. Miller Tabak upgraded Nordstrom from a “sell” rating to a “hold” rating and boosted their price target for the company from $30.00 to $39.50 in a report on Tuesday, July 5th. They noted that the move was a valuation call. Vetr upgraded Nordstrom from a “strong sell” rating to a “sell” rating and set a $46.00 price target on the stock in a report on Thursday, August 25th. Zacks Investment Research upgraded Nordstrom from a “sell” rating to a “hold” rating and set a $48.00 price target on the stock in a report on Tuesday, July 26th. Finally, Cowen and Company restated an “outperform” rating and set a $55.00 price target on shares of Nordstrom in a report on Monday, August 29th. Seven analysts have rated the stock with a sell rating, eighteen have given a hold rating and eight have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $47.23.
A number of hedge funds and other institutional investors have recently bought and sold shares of JWN. Mirae Asset Global Investments Co. Ltd. acquired a new position in Nordstrom during the first quarter worth about $1,641,000. Canada Pension Plan Investment Board increased its position in Nordstrom by 171.3% in the first quarter. Canada Pension Plan Investment Board now owns 44,500 shares of the company’s stock worth $2,546,000 after buying an additional 28,100 shares in the last quarter. Credit Agricole S A increased its position in Nordstrom by 14.0% in the first quarter. Credit Agricole S A now owns 117,477 shares of the company’s stock worth $6,720,000 after buying an additional 14,391 shares in the last quarter. Aviva PLC increased its position in Nordstrom by 0.4% in the first quarter. Aviva PLC now owns 73,189 shares of the company’s stock worth $4,187,000 after buying an additional 257 shares in the last quarter. Finally, potrero capital research llc acquired a new position in Nordstrom during the first quarter worth about $895,000. Institutional investors own 65.48% of the company’s stock.
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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