Nordstrom Inc. (NYSE:JWN) insider Daniel F. Little sold 5,270 shares of the company’s stock in a transaction that occurred on Friday, September 23rd. The shares were sold at an average price of $52.00, for a total value of $274,040.00. Following the sale, the insider now directly owns 68,088 shares in the company, valued at $3,540,576. The transaction was disclosed in a filing with the SEC, which is available at this link.
Shares of Nordstrom Inc. (NYSE:JWN) opened at 51.50 on Tuesday. The stock’s 50 day moving average price is $50.53 and its 200 day moving average price is $46.67. Nordstrom Inc. has a one year low of $35.01 and a one year high of $75.67. The firm has a market cap of $8.93 billion, a price-to-earnings ratio of 21.94 and a beta of 0.93.
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 in the previous year, the company posted $0.93 earnings per share. On average, equities analysts anticipate that Nordstrom Inc. will post $2.73 earnings per share for the current fiscal year.
The company also recently declared 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 2.87%. Nordstrom’s dividend payout ratio (DPR) is 62.98%.
Hedge funds have recently modified their holdings of the stock. Bank of Montreal Can bought a new stake in Nordstrom during the second quarter valued at about $111,916,000. Vanguard Group Inc. raised its stake in Nordstrom by 16.4% in the second quarter. Vanguard Group Inc. now owns 13,840,222 shares of the company’s stock valued at $526,621,000 after buying an additional 1,945,151 shares during the last quarter. Norges Bank bought a new stake in Nordstrom during the fourth quarter valued at about $83,978,000. Hotchkis & Wiley Capital Management LLC raised its stake in Nordstrom by 34.9% in the second quarter. Hotchkis & Wiley Capital Management LLC now owns 3,594,094 shares of the company’s stock valued at $136,755,000 after buying an additional 929,597 shares during the last quarter. Finally, Schroder Investment Management Group raised its stake in Nordstrom by 155.1% in the second quarter. Schroder Investment Management Group now owns 1,422,588 shares of the company’s stock valued at $54,129,000 after buying an additional 864,908 shares during the last quarter. Institutional investors own 65.48% of the company’s stock.
Several equities research analysts recently issued reports on JWN shares. Vetr raised Nordstrom from a “hold” rating to a “buy” rating and set a $47.50 price target on the stock in a research report on Tuesday, July 26th. Maxim Group initiated coverage on Nordstrom in a research report on Wednesday, June 15th. They issued a “buy” rating and a $50.00 target price on the stock. Stifel Nicolaus increased their target price on Nordstrom from $44.00 to $58.00 and gave the stock a “buy” rating in a research report on Friday, August 12th. Deutsche Bank AG increased their target price on Nordstrom from $47.00 to $57.00 and gave the stock a “buy” rating in a research report on Friday, August 12th. Finally, Miller Tabak raised Nordstrom from a “sell” rating to a “hold” rating and increased their target price for the stock from $30.00 to $39.50 in a research report on Tuesday, July 5th. They noted that the move was a valuation call. Seven analysts have rated the stock with a sell rating, eighteen have issued a hold rating and eight have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $47.13.
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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