Nordstrom, Inc. (NYSE:JWN) insider Ken Worzel sold 1,000 shares of the company’s stock in a transaction on Monday, April 16th. The stock was sold at an average price of $47.53, for a total transaction of $47,530.00. Following the transaction, the insider now owns 126,158 shares of the company’s stock, valued at $5,996,289.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Ken Worzel also recently made the following trade(s):
- On Wednesday, April 11th, Ken Worzel sold 13,703 shares of Nordstrom stock. The stock was sold at an average price of $48.97, for a total transaction of $671,035.91.
Nordstrom stock opened at $47.28 on Thursday. Nordstrom, Inc. has a 52-week low of $37.79 and a 52-week high of $54.00. The firm has a market cap of $7,874.05, a PE ratio of 15.98, a price-to-earnings-growth ratio of 2.30 and a beta of 0.83. The company has a quick ratio of 0.45, a current ratio of 1.07 and a debt-to-equity ratio of 2.74.
Nordstrom (NYSE:JWN) last released its earnings results on Thursday, March 1st. The specialty retailer reported $1.20 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.24 by ($0.04). Nordstrom had a return on equity of 60.72% and a net margin of 2.86%. The business had revenue of $4.60 billion for the quarter, compared to analysts’ expectations of $4.57 billion. During the same period in the previous year, the company earned $1.27 EPS. Nordstrom’s quarterly revenue was up 8.4% compared to the same quarter last year. equities research analysts anticipate that Nordstrom, Inc. will post 3.42 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 20th. Investors of record on Monday, March 5th were issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date of this dividend was Friday, March 2nd. Nordstrom’s dividend payout ratio is currently 50.00%.
Several institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of New York Mellon Corp grew its holdings in shares of Nordstrom by 11.8% in the fourth quarter. Bank of New York Mellon Corp now owns 10,245,078 shares of the specialty retailer’s stock valued at $485,413,000 after purchasing an additional 1,078,880 shares during the period. BlackRock Inc. grew its holdings in shares of Nordstrom by 3.4% in the fourth quarter. BlackRock Inc. now owns 8,343,411 shares of the specialty retailer’s stock valued at $395,312,000 after purchasing an additional 275,344 shares during the period. Disciplined Growth Investors Inc. MN grew its holdings in shares of Nordstrom by 60.6% in the fourth quarter. Disciplined Growth Investors Inc. MN now owns 1,428,767 shares of the specialty retailer’s stock valued at $67,695,000 after purchasing an additional 539,040 shares during the period. Geode Capital Management LLC grew its holdings in shares of Nordstrom by 4.1% in the fourth quarter. Geode Capital Management LLC now owns 1,402,334 shares of the specialty retailer’s stock valued at $66,320,000 after purchasing an additional 55,820 shares during the period. Finally, Ariel Investments LLC grew its holdings in shares of Nordstrom by 9.2% in the fourth quarter. Ariel Investments LLC now owns 1,303,102 shares of the specialty retailer’s stock valued at $61,741,000 after purchasing an additional 109,753 shares during the period. 58.91% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have weighed in on JWN shares. Zacks Investment Research upgraded shares of Nordstrom from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a research report on Monday, January 15th. Credit Suisse Group started coverage on shares of Nordstrom in a research report on Monday, March 12th. They set a “neutral” rating and a $54.00 price objective for the company. Piper Jaffray set a $45.00 price objective on shares of Nordstrom and gave the stock a “hold” rating in a research report on Wednesday, January 10th. JPMorgan Chase upgraded shares of Nordstrom from an “underweight” rating to a “neutral” rating and upped their price objective for the stock from $33.00 to $48.00 in a research report on Tuesday, January 2nd. Finally, Robert W. Baird set a $49.00 price objective on shares of Nordstrom and gave the stock a “hold” rating in a research report on Friday, December 22nd. Two equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $48.92.
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Nordstrom Company Profile
Nordstrom, Inc is a fashion specialty retailer in the United States. The Company’s segments include Retail and Credit. As of March 20, 2017, the Company operated 344 the United States stores located in 40 states as well as an e-commerce business. The Company also offers its customers a variety of payment products and services, including credit and debit cards.
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