Nordstrom, Inc. (NYSE:JWN) insider Christine Deputy sold 4,812 shares of Nordstrom stock in a transaction on Friday, June 14th. The shares were sold at an average price of $32.59, for a total value of $156,823.08. Following the sale, the insider now directly owns 60,056 shares of the company’s stock, valued at $1,957,225.04. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Christine Deputy also recently made the following trade(s):
- On Thursday, March 21st, Christine Deputy sold 13,124 shares of Nordstrom stock. The shares were sold at an average price of $42.61, for a total value of $559,213.64.
Shares of NYSE:JWN traded down $0.05 on Friday, reaching $32.61. The company had a trading volume of 2,504,302 shares, compared to its average volume of 4,645,945. Nordstrom, Inc. has a 52-week low of $30.55 and a 52-week high of $67.75. The company has a market capitalization of $5.05 billion, a PE ratio of 9.19, a P/E/G ratio of 1.63 and a beta of 0.66. The company has a current ratio of 0.76, a quick ratio of 0.24 and a debt-to-equity ratio of 6.34.
Nordstrom (NYSE:JWN) last announced its earnings results on Tuesday, May 21st. The specialty retailer reported $0.23 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by ($0.20). Nordstrom had a return on equity of 58.16% and a net margin of 3.27%. The business had revenue of $3.44 billion for the quarter, compared to analysts’ expectations of $3.54 billion. During the same quarter last year, the firm earned $0.51 earnings per share. Research analysts predict that Nordstrom, Inc. will post 3.35 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 18th. Investors of record on Monday, June 3rd will be paid a dividend of $0.37 per share. The ex-dividend date is Friday, May 31st. This represents a $1.48 annualized dividend and a yield of 4.54%. Nordstrom’s dividend payout ratio (DPR) is 41.69%.
A number of hedge funds have recently made changes to their positions in JWN. CX Institutional purchased a new position in Nordstrom during the 1st quarter worth $41,000. Zions Bancorporation N.A. purchased a new position in Nordstrom during the 1st quarter worth $41,000. Quadrant Capital Group LLC purchased a new position in Nordstrom during the 1st quarter worth $48,000. Pinnacle Financial Partners Inc. purchased a new position in Nordstrom during the 1st quarter worth $51,000. Finally, Whittier Trust Co. purchased a new position in Nordstrom during the 1st quarter worth $53,000. Hedge funds and other institutional investors own 62.27% of the company’s stock.
A number of equities research analysts have weighed in on the company. Wedbush lowered Nordstrom from an “outperform” rating to a “neutral” rating and decreased their target price for the company from $65.00 to $40.00 in a research report on Thursday, May 9th. Gordon Haskett downgraded Nordstrom from a “hold” rating to an “underperform” rating and set a $43.00 price target on the stock. in a report on Thursday, March 21st. Deutsche Bank cut their price target on Nordstrom from $47.00 to $36.00 and set a “hold” rating on the stock in a report on Wednesday, May 22nd. Telsey Advisory Group reiterated a “market perform” rating and issued a $37.00 price target (down from $56.00) on shares of Nordstrom in a report on Wednesday, May 22nd. Finally, Piper Jaffray Companies cut their price target on Nordstrom from $40.00 to $33.00 and set a “neutral” rating on the stock in a report on Wednesday, May 22nd. Five equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $43.57.
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Nordstrom, Inc, a fashion retailer, provides apparel, shoes, cosmetics, and accessories for women, men, young adults, and children. It offers a range of brand name and private label merchandise through various channels, such as Nordstrom branded full-line stores and online store at Nordstrom.com; Nordstrom Rack stores; Nordstromrack.com and HauteLook; Jeffrey boutiques; clearance stores that operate under the Last Chance name; Trunk Club clubhouses and TrunkClub.com; and Nordstrom Locals.
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