Nordstrom, Inc. (NYSE:JWN) insider Christine Deputy sold 4,812 shares of the company’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $32.59, for a total value of $156,823.08. Following the transaction, the insider now owns 60,056 shares of the company’s stock, valued at $1,957,225.04. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Christine Deputy also recently made the following trade(s):

  • On Thursday, March 21st, Christine Deputy sold 13,124 shares of Nordstrom stock. The stock was sold at an average price of $42.61, for a total value of $559,213.64.

NYSE:JWN opened at $32.61 on Friday. Nordstrom, Inc. has a 1 year low of $30.55 and a 1 year high of $67.75. The firm has a market capitalization of $5.04 billion, a PE ratio of 9.79, a price-to-earnings-growth ratio of 1.62 and a beta of 0.66. The company has a quick ratio of 0.24, a current ratio of 0.76 and a debt-to-equity ratio of 6.34.

Nordstrom (NYSE:JWN) last released its quarterly earnings results on Tuesday, May 21st. The specialty retailer reported $0.23 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by ($0.20). Nordstrom had a return on equity of 58.16% and a net margin of 3.27%. The business had revenue of $3.44 billion during the quarter, compared to the consensus estimate of $3.54 billion. During the same period in the previous year, the company posted $0.51 EPS. As a group, sell-side analysts predict that Nordstrom, Inc. will post 3.35 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 18th. Stockholders of record on Monday, June 3rd will be paid a $0.37 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $1.48 annualized dividend and a dividend yield of 4.54%. Nordstrom’s payout ratio is 41.69%.

Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc grew its stake in shares of Nordstrom by 1.5% in the third quarter. Vanguard Group Inc now owns 12,462,906 shares of the specialty retailer’s stock worth $745,406,000 after purchasing an additional 178,581 shares in the last quarter. BlackRock Inc. grew its stake in shares of Nordstrom by 6.4% in the fourth quarter. BlackRock Inc. now owns 10,496,455 shares of the specialty retailer’s stock worth $489,241,000 after purchasing an additional 630,899 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Nordstrom by 23.0% in the first quarter. JPMorgan Chase & Co. now owns 7,339,382 shares of the specialty retailer’s stock worth $325,721,000 after purchasing an additional 1,374,779 shares in the last quarter. Boston Partners grew its stake in shares of Nordstrom by 57.5% in the fourth quarter. Boston Partners now owns 6,346,355 shares of the specialty retailer’s stock worth $295,804,000 after purchasing an additional 2,318,179 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund grew its stake in shares of Nordstrom by 4,156.2% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,898,862 shares of the specialty retailer’s stock worth $62,000 after purchasing an additional 2,830,753 shares in the last quarter. 62.27% of the stock is owned by institutional investors.

A number of brokerages recently commented on JWN. Telsey Advisory Group restated a “market perform” rating and set a $37.00 price objective (down from $56.00) on shares of Nordstrom in a research note on Wednesday, May 22nd. KeyCorp lowered their price objective on Nordstrom from $55.00 to $52.00 and set an “overweight” rating for the company in a research note on Wednesday, May 22nd. Wedbush downgraded Nordstrom from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $65.00 to $40.00 in a research note on Thursday, May 9th. Cowen lowered their price objective on Nordstrom from $44.00 to $36.00 and set a “market perform” rating for the company in a research note on Thursday, May 23rd. Finally, Bank of America lowered their price objective on Nordstrom from $40.00 to $32.00 and set an “underperform” rating for the company in a research note on Wednesday, May 22nd. Five analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have given a buy rating to the stock. Nordstrom presently has an average rating of “Hold” and an average target price of $43.57.

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About Nordstrom

Nordstrom, Inc, a fashion retailer, provides apparel, shoes, cosmetics, and accessories for women, men, young adults, and children. It offers a range of brand name and private label merchandise through various channels, such as Nordstrom branded full-line stores and online store at Nordstrom.com; Nordstrom Rack stores; Nordstromrack.com and HauteLook; Jeffrey boutiques; clearance stores that operate under the Last Chance name; Trunk Club clubhouses and TrunkClub.com; and Nordstrom Locals.

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