Nordstrom Inc. (NYSE:JWN) insider Daniel F. Little sold 5,270 shares of Nordstrom stock in a transaction that occurred on Thursday, October 6th. The stock was sold at an average price of $54.00, for a total transaction of $284,580.00. Following the completion of the transaction, the insider now owns 68,216 shares of the company’s stock, valued at approximately $3,683,664. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
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 transaction of $676,810.00.
Nordstrom Inc. (NYSE:JWN) opened at 54.83 on Friday. The stock has a market capitalization of $9.51 billion, a price-to-earnings ratio of 23.36 and a beta of 1.04. The firm has a 50-day moving average of $51.40 and a 200-day moving average of $46.51. Nordstrom Inc. has a 12-month low of $35.01 and a 12-month high of $69.54.
Nordstrom (NYSE:JWN) last issued its quarterly earnings results on Thursday, August 11th. The company reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.11. The company had revenue of $3.65 billion for the quarter, compared to analyst estimates of $3.67 billion. Nordstrom had a return on equity of 47.22% and a net margin of 2.95%. The company’s quarterly revenue was down .2% compared to the same quarter last year. During the same period last year, the company earned $0.93 earnings per share. Equities research analysts forecast that Nordstrom Inc. will post $2.73 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 13th. Stockholders of record on Monday, August 29th were issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date of this dividend was Thursday, August 25th. Nordstrom’s dividend payout ratio (DPR) is 62.98%.
A number of brokerages recently issued reports on JWN. Credit Suisse Group AG reiterated a “hold” rating and issued a $40.00 price target on shares of Nordstrom in a research note on Friday, August 12th. Piper Jaffray Cos. reiterated a “neutral” rating and issued a $45.00 price target on shares of Nordstrom in a research note on Monday, July 11th. Royal Bank Of Canada lifted their price target on shares of Nordstrom from $38.00 to $47.00 and gave the stock a “sector perform” rating in a research note on Monday, August 15th. Vetr downgraded shares of Nordstrom from a “buy” rating to a “hold” rating and set a $43.19 price target for the company. in a research note on Wednesday, July 13th. Finally, Maxim Group began coverage on shares of Nordstrom in a research note on Wednesday, June 15th. They issued a “buy” rating and a $50.00 price target for the company. Seven equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and eight have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $47.23.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Pacer Advisors Inc. raised its position in shares of 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 during the period. Evercore Wealth Management LLC raised its position in shares of 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 during the period. WFG Advisors LP raised its position in shares of 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 during the period. Blue Chip Partners Inc. acquired a new position in shares of Nordstrom during the second quarter worth approximately $114,000. Finally, Synovus Financial Corp raised its position in shares of 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 during the period. 65.48% of the stock is currently owned by institutional investors.
Nordstrom Company Profile