Daniel F. Little Sells 5,270 Shares of Nordstrom Inc. (JWN) Stock
Nordstrom Inc. (NYSE:JWN) insider Daniel F. Little sold 5,270 shares of the company’s stock in a transaction on Thursday, October 6th. The shares were sold at an average price of $54.00, for a total transaction of $284,580.00. Following the completion of the sale, the insider now owns 68,216 shares of the company’s stock, valued at approximately $3,683,664. The transaction was disclosed in a filing with the SEC, which can be accessed 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 shares were sold at an average price of $53.00, for a total transaction of $676,810.00.
Nordstrom Inc. (NYSE:JWN) opened at 54.83 on Friday. The stock’s 50 day moving average is $51.40 and its 200 day moving average is $46.51. Nordstrom Inc. has a one year low of $35.01 and a one year high of $69.54. The firm has a market capitalization of $9.51 billion, a P/E ratio of 23.36 and a beta of 1.04.
Nordstrom (NYSE:JWN) last issued its quarterly earnings results on Thursday, August 11th. The company reported $0.67 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.11. Nordstrom had a net margin of 2.95% and a return on equity of 47.22%. The company earned $3.65 billion during the quarter, compared to analyst estimates of $3.67 billion. During the same quarter last year, the business posted $0.93 EPS. Nordstrom’s quarterly 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 fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 13th. Investors of record on Monday, August 29th were paid a $0.37 dividend. The ex-dividend date of this dividend was Thursday, August 25th. This represents a $1.48 dividend on an annualized basis and a yield of 2.70%. Nordstrom’s dividend payout ratio is 62.98%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Mirae Asset Global Investments Co. Ltd. acquired a new position in Nordstrom during the first quarter worth $1,641,000. Canada Pension Plan Investment Board raised its position in Nordstrom by 171.3% in the first quarter. Canada Pension Plan Investment Board now owns 44,500 shares of the company’s stock worth $2,546,000 after buying an additional 28,100 shares in the last quarter. Credit Agricole S A raised its position in Nordstrom by 14.0% in the first quarter. Credit Agricole S A now owns 117,477 shares of the company’s stock worth $6,720,000 after buying an additional 14,391 shares in the last quarter. Aviva PLC raised its position in Nordstrom by 0.4% in the first quarter. Aviva PLC now owns 73,189 shares of the company’s stock worth $4,187,000 after buying an additional 257 shares in the last quarter. Finally, potrero capital research llc acquired a new position in Nordstrom during the first quarter worth $895,000. Institutional investors and hedge funds own 65.48% of the company’s stock.
A number of analysts recently commented on JWN shares. Goldman Sachs Group Inc. restated a “neutral” rating and issued a $39.00 price objective on shares of Nordstrom in a research report on Monday, August 1st. Miller Tabak raised shares of Nordstrom from a “sell” rating to a “hold” rating and upped their target price for the stock from $30.00 to $39.50 in a research note 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 target price for the company in a research note on Thursday, August 25th. Zacks Investment Research raised shares of Nordstrom from a “sell” rating to a “hold” rating and set a $48.00 target price for the company in a research note on Tuesday, July 26th. Finally, Cowen and Company reaffirmed an “outperform” rating and issued a $55.00 target price on shares of Nordstrom in a research note on Monday, August 29th. Seven investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and eight have issued a buy rating to the stock. Nordstrom 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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