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.