The 5,277 Shares of Stock are sold by Nordstrom Inc. (JWN) Insider Daniel F. Little

The 5,277 Shares of Stock are sold by Nordstrom Inc. (JWN) Insider Daniel F. Little

Nordstrom Inc. (NYSE:JWN) insider Daniel F. Little sold 5,277 shares of the business’s 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 sale, the insider now directly owns 68,223 shares of the company’s stock, valued at $3,752,265. The sale was disclosed in a legal 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.

Nordstrom Inc. (NYSE:JWN) opened at 54.54 on Thursday. The stock’s 50 day moving average price is $51.55 and its 200-day moving average price is $46.47. The company has a market capitalization of $9.46 billion, a PE ratio of 23.24 and a beta of 1.04. Nordstrom Inc. has a 52 week low of $35.01 and a 52 week high of $69.54.

Nordstrom (NYSE:JWN) last announced its quarterly earnings results on Thursday, August 11th. The company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.56 by $0.11. The business had revenue of $3.65 billion for the quarter, compared to analysts’ expectations of $3.67 billion. Nordstrom had a net margin of 2.95% and a return on equity of 47.22%. The business’s quarterly revenue was down .2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.93 EPS. 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 announced a quarterly dividend, which was paid on Tuesday, September 13th. Stockholders of record on Monday, August 29th were issued a $0.37 dividend. The ex-dividend date was Thursday, August 25th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.71%. Nordstrom’s dividend payout ratio (DPR) is presently 62.98%.

Several hedge funds have recently bought and sold shares of the company. Ngam Advisors L.P. acquired a new stake in Nordstrom during the first quarter worth $1,251,000. TIAA CREF Investment Management LLC increased its stake in 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 during the period. Teachers Advisors Inc. increased its stake in 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 during the period. NN Investment Partners Holdings N.V. acquired a new stake in Nordstrom during the first quarter worth $884,000. Finally, Royce & Associates LP increased its stake in 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 during the period. Hedge funds and other institutional investors own 65.48% of the company’s stock.

A number of analysts have commented on JWN shares. Vetr lowered Nordstrom from a “hold” rating to a “sell” rating and set a $47.33 price objective for the company. in a report on Monday, August 15th. Piper Jaffray Cos. raised Nordstrom from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $45.00 to $53.00 in a report on Tuesday, July 26th. Citigroup Inc. boosted their price objective on Nordstrom from $40.00 to $50.00 and gave the stock a “neutral” rating in a report on Friday, August 12th. Stifel Nicolaus boosted 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. Finally, Goldman Sachs Group Inc. reissued a “neutral” rating and set a $39.00 price objective on shares of Nordstrom in a report on Monday, August 1st. Seven 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. The company has a consensus rating of “Hold” and an average price target of $47.23.

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