Nordstrom Inc. (NYSE:JWN) President Blake W. Nordstrom sold 42,847 shares of Nordstrom stock in a transaction on Monday, November 14th. The shares were sold at an average price of $60.00, for a total value of $2,570,820.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Shares of Nordstrom Inc. (NYSE:JWN) opened at 58.50 on Friday. The firm has a market capitalization of $10.13 billion, a P/E ratio of 31.13 and a beta of 1.02. Nordstrom Inc. has a 52 week low of $35.01 and a 52 week high of $62.82. The firm’s 50-day moving average is $53.52 and its 200 day moving average is $46.51.

Nordstrom (NYSE:JWN) last posted its quarterly earnings data on Thursday, November 10th. The company reported $0.84 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.32. The company earned $3.47 billion during the quarter, compared to analyst estimates of $3.49 billion. Nordstrom had a net margin of 2.28% and a return on equity of 58.85%. The company’s revenue was up 7.2% on a year-over-year basis. During the same quarter last year, the business posted $0.57 earnings per share. Equities research analysts forecast that Nordstrom Inc. will post $2.96 EPS for the current fiscal year.

Insider Buying and Selling by Quarter for Nordstrom (NYSE:JWN)

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 13th. Stockholders of record on Monday, November 28th will be issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 2.53%. The ex-dividend date is Wednesday, November 23rd. Nordstrom’s payout ratio is 79.14%.

A number of brokerages have commented on JWN. Credit Suisse Group AG restated a “hold” rating and set a $40.00 price objective on shares of Nordstrom in a research note on Friday, August 12th. Royal Bank Of Canada boosted their price objective on Nordstrom from $38.00 to $47.00 and gave the stock a “sector perform” rating in a research note on Monday, August 15th. KeyCorp restated a “buy” rating on shares of Nordstrom in a research note on Friday, November 11th. Cowen and Company set a $64.00 price objective on Nordstrom and gave the stock a “buy” rating in a research note on Friday, November 11th. Finally, Piper Jaffray Cos. upgraded Nordstrom from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $45.00 to $53.00 in a research note on Tuesday, July 26th. Seven analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and eight have given a buy rating to the stock. Nordstrom currently has a consensus rating of “Hold” and a consensus price target of $49.16.

Several hedge funds have recently bought and sold shares of JWN. Bank of Montreal Can purchased a new stake in Nordstrom during the second quarter valued at $111,916,000. Skandinaviska Enskilda Banken AB publ raised its stake in Nordstrom by 20,761.0% in the third quarter. Skandinaviska Enskilda Banken AB publ now owns 2,731,326 shares of the company’s stock valued at $141,701,000 after buying an additional 2,718,233 shares during the last quarter. 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 during the last quarter. Smith Asset Management Group LP bought a new stake in shares of Nordstrom during the third quarter worth $62,974,000. Finally, 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 in the last quarter. 66.50% of the stock is owned by institutional investors.

About Nordstrom

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.

5 Day Chart for NYSE:JWN

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