Nordstrom, Inc. (NYSE:JWN) insider Ken Worzel sold 370 shares of the stock in a transaction dated Monday, May 21st. The shares were sold at an average price of $45.83, for a total value of $16,957.10. Following the completion of the sale, the insider now directly owns 124,249 shares in the company, valued at approximately $5,694,331.67. The transaction was disclosed in a document filed with the SEC, which is available through this link.
Ken Worzel also recently made the following trade(s):
- On Monday, May 14th, Ken Worzel sold 535 shares of Nordstrom stock. The shares were sold at an average price of $49.00, for a total value of $26,215.00.
- On Monday, May 7th, Ken Worzel sold 256 shares of Nordstrom stock. The shares were sold at an average price of $49.74, for a total value of $12,733.44.
- On Monday, April 30th, Ken Worzel sold 211 shares of Nordstrom stock. The shares were sold at an average price of $51.71, for a total value of $10,910.81.
- On Monday, April 23rd, Ken Worzel sold 537 shares of Nordstrom stock. The shares were sold at an average price of $46.82, for a total value of $25,142.34.
- On Monday, April 16th, Ken Worzel sold 1,000 shares of Nordstrom stock. The shares were sold at an average price of $47.53, for a total value of $47,530.00.
- On Wednesday, April 11th, Ken Worzel sold 13,703 shares of Nordstrom stock. The shares were sold at an average price of $48.97, for a total value of $671,035.91.
Nordstrom traded down $0.06, reaching $45.78, during mid-day trading on Tuesday, MarketBeat Ratings reports. 208,452 shares of the stock were exchanged, compared to its average volume of 2,334,507. The company has a market capitalization of $7.61 billion, a PE ratio of 15.59, a P/E/G ratio of 2.20 and a beta of 0.82. The company has a quick ratio of 0.44, a current ratio of 1.09 and a debt-to-equity ratio of 2.50. Nordstrom, Inc. has a 1 year low of $37.79 and a 1 year high of $54.00.
Nordstrom (NYSE:JWN) last released its quarterly earnings results on Thursday, May 17th. The specialty retailer reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.08. The firm had revenue of $3.56 billion for the quarter, compared to the consensus estimate of $3.47 billion. Nordstrom had a return on equity of 55.75% and a net margin of 2.96%. During the same quarter last year, the business posted $0.37 EPS. sell-side analysts anticipate that Nordstrom, Inc. will post 3.44 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, June 4th. Investors of record on Friday, May 18th will be paid a dividend of $0.37 per share. The ex-dividend date is Thursday, May 17th. This represents a $1.48 dividend on an annualized basis and a yield of 3.23%. Nordstrom’s dividend payout ratio is presently 50.00%.
A number of equities research analysts have issued reports on the company. Zacks Investment Research lowered Nordstrom from a “buy” rating to a “hold” rating in a research report on Monday. ValuEngine downgraded Nordstrom from a “hold” rating to a “sell” rating in a report on Friday, May 11th. BMO Capital Markets increased their price objective on Nordstrom from $50.00 to $55.00 and gave the company a “market perform” rating in a report on Monday, March 5th. Piper Jaffray Companies set a $48.00 price objective on Nordstrom and gave the company a “hold” rating in a report on Thursday, March 1st. Finally, Robert W. Baird reiterated a “neutral” rating on shares of Nordstrom in a report on Friday, March 2nd. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $48.32.
Large investors have recently added to or reduced their stakes in the stock. Harvest Fund Management Co. Ltd purchased a new position in Nordstrom during the 4th quarter worth approximately $115,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Nordstrom during the 1st quarter worth approximately $124,000. Cerebellum GP LLC purchased a new position in Nordstrom during the 4th quarter worth approximately $131,000. Calton & Associates Inc. purchased a new position in Nordstrom during the 4th quarter worth approximately $153,000. Finally, Perigon Wealth Management LLC purchased a new position in Nordstrom during the 1st quarter worth approximately $152,000. Hedge funds and other institutional investors own 56.73% of the company’s stock.
Nordstrom, Inc, a fashion retailer, provides apparel, shoes, cosmetics, and accessories for women, men, young adults, and children in the United States and Canada. The company operates in two segments, Retail and Credit. The Retail segment offers a range of brand name and private label merchandise through various channels, including Nordstrom branded full-line stores and online store at Nordstrom.com; Nordstrom Rack stores; Nordstromrack.com and HauteLook; Trunk Club clubhouses and TrunkClub.com; Jeffrey boutiques; and clearance stores that operate under the Last Chance name.
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