Nordstrom Inc. (JWN) Insider Daniel F. Little Sells 5,277 Shares of Stock
Nordstrom Inc. (NYSE:JWN) insider Daniel F. Little sold 5,277 shares of the business’s stock in a transaction that occurred on Friday, October 7th. The shares were sold at an average price of $55.00, for a total value of $290,235.00. Following the sale, the insider now owns 68,223 shares in the company, valued at $3,752,265. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
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 value of $676,810.00.
Nordstrom Inc. (NYSE:JWN) opened at 54.54 on Thursday. The firm has a market capitalization of $9.46 billion, a PE ratio of 23.24 and a beta of 1.04. Nordstrom Inc. has a 12 month low of $35.01 and a 12 month high of $69.54. The company’s 50-day moving average price is $51.55 and its 200 day moving average price is $46.47.
Nordstrom (NYSE:JWN) last issued 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. Nordstrom had a return on equity of 47.22% and a net margin of 2.95%. The business earned $3.65 billion during the quarter, compared to analyst estimates of $3.67 billion. During the same period in the previous year, the company posted $0.93 EPS. The firm’s revenue was down .2% compared to the same quarter last year. On average, equities research analysts predict that Nordstrom Inc. will post $2.73 earnings per share for the current year.
The company also recently announced 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 yield of 2.71%. The ex-dividend date was Thursday, August 25th. Nordstrom’s payout ratio is 62.98%.
A number of hedge funds have recently modified their holdings of JWN. Vanguard Group Inc. raised its stake in shares of 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 during the last quarter. Bank of New York Mellon Corp raised its stake in shares of 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 worth $298,811,000 after buying an additional 414,860 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in shares of 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 worth $146,919,000 after buying an additional 160,682 shares during the last quarter. Hotchkis & Wiley Capital Management LLC raised its stake in shares of 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 during the last quarter. Finally, Wellington Management Group LLP raised its stake in shares of 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 during the last quarter. 65.48% of the stock is owned by institutional investors and hedge funds.
JWN has been the topic of a number of research reports. Maxim Group initiated coverage on Nordstrom in a research report on Wednesday, June 15th. They set a “buy” rating and a $50.00 price objective on the stock. Vetr cut Nordstrom from a “strong-buy” rating to a “buy” rating and set a $43.19 price objective on the stock. in a research report on Thursday, July 7th. Stifel Nicolaus boosted their price target on 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 boosted their price target on Nordstrom from $47.00 to $57.00 and gave the company a “buy” rating in a research note on Friday, August 12th. Finally, Guggenheim started coverage on Nordstrom in a research note on Friday, September 30th. They issued a “buy” rating and a $60.00 price target on the stock. Seven analysts have rated the stock with a sell rating, eighteen have issued a hold rating and eight have assigned a buy rating to the stock. The stock 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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