Nordstrom Inc. (NYSE:JWN) insider Daniel F. Little sold 5,277 shares of the stock in a transaction that occurred on Friday, October 7th. The stock was sold at an average price of $55.00, for a total value of $290,235.00. Following the completion of the transaction, the insider now directly owns 68,223 shares of the company’s stock, valued at $3,752,265. The sale was disclosed in a filing with the SEC, which is available 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.
Nordstrom Inc. (NYSE:JWN) opened at 53.63 on Monday. The firm has a market capitalization of $9.30 billion, a P/E ratio of 22.85 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 firm’s 50-day moving average is $51.65 and its 200 day moving average is $46.49.
Nordstrom (NYSE:JWN) last released its earnings results on Thursday, August 11th. The company reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.11. Nordstrom had a net margin of 2.95% and a return on equity of 47.22%. The firm earned $3.65 billion during the quarter, compared to analyst estimates of $3.67 billion. During the same quarter in the previous year, the business earned $0.93 EPS. The business’s quarterly revenue was down .2% compared to the same quarter last year. Equities analysts anticipate that Nordstrom Inc. will post $2.73 EPS for the current year.
A number of brokerages recently issued reports on JWN. Stifel Nicolaus increased their price objective on Nordstrom from $44.00 to $58.00 and gave the stock a “buy” rating in a report on Friday, August 12th. Vetr raised Nordstrom from a “hold” rating to a “buy” rating and set a $47.50 price objective for the company in a report on Tuesday, July 26th. Telsey Advisory Group increased their price objective on Nordstrom from $40.00 to $53.00 and gave the stock a “market perform” rating in a report on Friday, August 12th. Credit Suisse Group AG reissued a “hold” rating and issued a $40.00 price objective on shares of Nordstrom in a report on Friday, August 12th. Finally, Royal Bank Of Canada increased their price target on Nordstrom from $38.00 to $47.00 and gave the company a “sector perform” rating in a research note on Monday, August 15th. Seven analysts have rated the stock with a sell rating, eighteen have given a hold rating and eight have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $47.23.
Hedge funds have recently added to or reduced their stakes in the company. Ngam Advisors L.P. purchased a new position in shares of Nordstrom during the first quarter worth $1,251,000. TIAA CREF Investment Management LLC boosted its position in shares of Nordstrom by 22.7% in the first quarter. TIAA CREF Investment Management LLC now owns 696,390 shares of the company’s stock worth $39,840,000 after buying an additional 128,940 shares in the last quarter. Teachers Advisors Inc. boosted its position in shares of Nordstrom by 2.0% in the first quarter. Teachers Advisors Inc. now owns 155,610 shares of the company’s stock worth $8,902,000 after buying an additional 3,034 shares in the last quarter. NN Investment Partners Holdings N.V. purchased a new position in shares of Nordstrom during the first quarter worth $884,000. Finally, Royce & Associates LP boosted its position in shares of Nordstrom by 0.6% in the first quarter. Royce & Associates LP now owns 171,000 shares of the company’s stock worth $9,783,000 after buying an additional 1,000 shares in the last quarter. 65.43% of the stock is owned by hedge funds and other institutional investors.
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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