Trade Report: Today: 24,534 Shares of Stock are sold by Insider Selling: Nordstrom Inc. (JWN) Director

Today: 24,534 Shares of Stock are sold by Insider Selling: Nordstrom Inc. (JWN) Director

Nordstrom Inc. (NYSE:JWN) Director Enrique Hernandez, Jr. sold 24,534 shares of the company’s stock in a transaction that occurred on Wednesday, November 23rd. The shares were sold at an average price of $58.38, for a total transaction of $1,432,294.92. Following the completion of the sale, the director now owns 3,772 shares of the company’s stock, valued at approximately $220,209.36. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Shares of Nordstrom Inc. (NYSE:JWN) traded down 3.09% during trading on Monday, reaching $56.06. 4,368,141 shares of the company traded hands. The company has a 50-day moving average of $54.61 and a 200-day moving average of $46.88. Nordstrom Inc. has a 12 month low of $35.01 and a 12 month high of $62.82. The stock has a market capitalization of $9.71 billion, a PE ratio of 29.84 and a beta of 1.02.

Nordstrom (NYSE:JWN) last released its quarterly earnings data on Thursday, November 10th. The company reported $0.84 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.32. Nordstrom had a net margin of 2.28% and a return on equity of 58.85%. The firm had revenue of $3.47 billion for the quarter, compared to the consensus estimate of $3.49 billion. During the same period in the previous year, the company earned $0.57 earnings per share. The company’s quarterly revenue was up 7.2% on a year-over-year basis. Analysts forecast that Nordstrom Inc. will post $2.96 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 13th. Shareholders of record on Monday, November 28th will be issued a $0.37 dividend. The ex-dividend date is Wednesday, November 23rd. This represents a $1.48 annualized dividend and a dividend yield of 2.56%. Nordstrom’s dividend payout ratio is currently 79.14%.

Several institutional investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp increased its position in Nordstrom by 5.6% in the second quarter. Bank of New York Mellon Corp now owns 7,853,110 shares of the company’s stock valued at $298,811,000 after buying an additional 414,860 shares in the last quarter. Douglas Lane & Associates LLC increased its position in Nordstrom by 9.2% in the second quarter. Douglas Lane & Associates LLC now owns 534,836 shares of the company’s stock valued at $20,351,000 after buying an additional 45,208 shares during the period. Nuveen Asset Management LLC increased its position in Nordstrom by 3.2% in the first quarter. Nuveen Asset Management LLC now owns 21,013 shares of the company’s stock valued at $1,202,000 after buying an additional 646 shares during the period. Washington Trust Bank increased its position in Nordstrom by 40.6% in the second quarter. Washington Trust Bank now owns 28,899 shares of the company’s stock valued at $1,100,000 after buying an additional 8,343 shares during the period. Finally, Tufton Capital Management increased its position in Nordstrom by 63.0% in the second quarter. Tufton Capital Management now owns 112,748 shares of the company’s stock valued at $4,290,000 after buying an additional 43,580 shares during the period. Hedge funds and other institutional investors own 66.18% of the company’s stock.

Several equities research analysts recently commented on the stock. Stifel Nicolaus upped their price target on shares of Nordstrom from $44.00 to $58.00 and gave the company a “buy” rating in a research report on Friday, August 12th. Telsey Advisory Group upped their price target on shares of Nordstrom from $40.00 to $53.00 and gave the company a “market perform” rating in a research report on Friday, August 12th. Credit Suisse Group AG restated a “hold” rating and issued a $40.00 price target on shares of Nordstrom in a research report on Friday, August 12th. Royal Bank Of Canada upped their price target on shares of Nordstrom from $38.00 to $47.00 and gave the company a “sector perform” rating in a research report on Monday, August 15th. Finally, KeyCorp restated a “buy” rating on shares of Nordstrom in a research report on Friday, November 11th. Seven investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating and eight have issued a buy rating to the company. Nordstrom presently has an average rating of “Hold” and an average price target of $49.16.

Nordstrom Company Profile

Related posts

Leave a Comment