Nordstrom Inc. (NYSE:JWN) insider Daniel F. Little sold 5,270 shares of the stock in a transaction that occurred on Thursday, October 6th. The stock was sold at an average price of $54.00, for a total value of $284,580.00. Following the transaction, the insider now owns 68,216 shares in the company, valued at $3,683,664. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
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 stock was sold at an average price of $53.00, for a total value of $676,810.00.
Shares of Nordstrom Inc. (NYSE:JWN) opened at 54.83 on Friday. The company has a market cap of $9.51 billion, a P/E 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 company has a 50-day moving average price of $51.40 and a 200-day moving average price of $46.51.
Nordstrom (NYSE:JWN) last posted its earnings results on Thursday, August 11th. The company reported $0.67 earnings per share 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 company had revenue of $3.65 billion for the quarter, compared to the consensus estimate of $3.67 billion. During the same quarter in the prior year, the company earned $0.93 earnings per share. Nordstrom’s revenue was down .2% on a year-over-year basis. On average, equities analysts predict that Nordstrom Inc. will post $2.73 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 13th. Shareholders of record on Monday, August 29th were issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date was Thursday, August 25th. Nordstrom’s dividend payout ratio is 62.98%.
A number of hedge funds and other institutional investors have recently bought and sold shares of JWN. Bank of Montreal Can purchased a new position in Nordstrom during the second quarter worth $111,916,000. Vanguard Group Inc. increased its position 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 period. Hotchkis & Wiley Capital Management LLC increased its position 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 during the period. Schroder Investment Management Group increased its position 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 during the period. Finally, Wellington Management Group LLP increased its position 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 during the period. 65.48% of the stock is currently owned by institutional investors.
A number of equities analysts have issued reports on JWN shares. Goldman Sachs Group Inc. restated a “neutral” rating and set a $39.00 price target on shares of Nordstrom in a report on Monday, August 1st. Miller Tabak raised shares of Nordstrom from a “sell” rating to a “hold” rating and lifted their price target for the company from $30.00 to $39.50 in a research report on Tuesday, July 5th. They noted that the move was a valuation call. Vetr raised shares of Nordstrom from a “strong sell” rating to a “sell” rating and set a $46.00 price target for the company in a research report on Thursday, August 25th. Zacks Investment Research raised shares of Nordstrom from a “sell” rating to a “hold” rating and set a $48.00 price target for the company in a research report on Tuesday, July 26th. Finally, Cowen and Company reissued an “outperform” rating and issued a $55.00 price target on shares of Nordstrom in a research report on Monday, August 29th. Seven investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and eight have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target 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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