Nordstrom Inc. (JWN) Insider Daniel F. Little Sells 12,770 Shares
Nordstrom Inc. (NYSE:JWN) insider Daniel F. Little sold 12,770 shares of the company’s stock in a transaction that occurred on Wednesday, October 5th. The stock was sold at an average price of $53.00, for a total value of $676,810.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of Nordstrom Inc. (NYSE:JWN) opened at 54.83 on Friday. The stock’s 50 day moving average price is $51.40 and its 200-day moving average price is $46.51. The stock has a market capitalization of $9.51 billion, a P/E ratio of 23.36 and a beta of 1.04. Nordstrom Inc. has a 1-year low of $35.01 and a 1-year high of $69.54.
Nordstrom (NYSE:JWN) last released its earnings results on Thursday, August 11th. The company reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.11. The company earned $3.65 billion during the quarter, compared to the consensus estimate of $3.67 billion. Nordstrom had a return on equity of 47.22% and a net margin of 2.95%. The firm’s quarterly revenue was down .2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.93 earnings per share. Equities research analysts anticipate that Nordstrom Inc. will post $2.73 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 13th. Investors of record on Monday, August 29th were issued 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 presently 62.98%.
Several research firms have recently commented on JWN. RBC Capital Markets reiterated a “sector perform” rating and set a $47.00 target price (up from $38.00) on shares of Nordstrom in a research note on Monday, August 15th. Vetr lowered Nordstrom from a “sell” rating to a “strong sell” rating and set a $46.00 price target on the stock. in a research report on Tuesday, September 6th. Guggenheim assumed coverage on Nordstrom in a research report on Friday, September 30th. They set a “buy” rating and a $60.00 price target on the stock. Cowen and Company reissued an “outperform” rating and set a $55.00 price target (up from $48.00) on shares of Nordstrom in a research report on Saturday, August 13th. Finally, Morgan Stanley reissued an “underweight” rating and set a $36.00 price target (up from $34.00) on shares of Nordstrom in a research report on Monday, August 15th. Seven research 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 currently has a consensus rating of “Hold” and an average target price of $47.23.
A number of large investors have recently added to or reduced their stakes in JWN. Pacer Advisors Inc. increased its stake in Nordstrom by 5.6% in the second quarter. Pacer Advisors Inc. now owns 2,632 shares of the company’s stock worth $100,000 after buying an additional 140 shares in the last quarter. Evercore Wealth Management LLC increased its stake in Nordstrom by 9.1% in the second quarter. Evercore Wealth Management LLC now owns 2,779 shares of the company’s stock worth $106,000 after buying an additional 231 shares in the last quarter. WFG Advisors LP increased its stake in Nordstrom by 51.7% in the second quarter. WFG Advisors LP now owns 2,906 shares of the company’s stock worth $111,000 after buying an additional 991 shares in the last quarter. Blue Chip Partners Inc. bought a new stake in Nordstrom during the second quarter worth approximately $114,000. Finally, Synovus Financial Corp increased its stake in Nordstrom by 66.1% in the second quarter. Synovus Financial Corp now owns 3,046 shares of the company’s stock worth $116,000 after buying an additional 1,212 shares in the last quarter. Institutional investors and hedge funds own 65.48% of the company’s stock.
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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