Nordstrom, Inc. (JWN) Insider Sells $16,957.10 in Stock

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 transaction of $16,957.10. Following the transaction, the insider now owns 124,249 shares of the company’s stock, valued at approximately $5,694,331.67. 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 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction of $671,035.91.

Shares of Nordstrom traded up $0.18, reaching $48.92, on Friday, MarketBeat reports. The stock had a trading volume of 99,091 shares, compared to its average volume of 2,634,971. Nordstrom, Inc. has a 1 year low of $37.79 and a 1 year high of $54.00. The company has a market cap of $7.99 billion, a price-to-earnings ratio of 16.51, a PEG ratio of 2.30 and a beta of 0.82. The company has a current ratio of 1.09, a quick ratio of 0.44 and a debt-to-equity ratio of 2.50.

Nordstrom (NYSE:JWN) last announced 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. Nordstrom had a net margin of 2.96% and a return on equity of 55.75%. The firm had revenue of $3.56 billion for the quarter, compared to the consensus estimate of $3.47 billion. During the same period in the prior year, the firm posted $0.37 earnings per share. sell-side analysts predict that Nordstrom, Inc. will post 3.45 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, June 4th. Investors of record on Friday, May 18th will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 3.03%. The ex-dividend date of this dividend is Thursday, May 17th. Nordstrom’s dividend payout ratio is currently 50.00%.

A number of equities analysts have weighed in on JWN shares. 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 target price for the company. Robert W. Baird set a $53.00 target price on shares of Nordstrom and gave the stock a “hold” rating in a research report on Thursday, March 1st. Royal Bank of Canada set a $49.00 target price on shares of Nordstrom and gave the stock a “hold” rating in a research report on Friday, March 2nd. TheStreet upgraded shares of Nordstrom from a “c+” rating to a “b-” rating in a research report on Friday, March 2nd. Finally, Piper Jaffray Companies set a $48.00 target price on shares of Nordstrom and gave the stock a “hold” rating in a research report on Thursday, March 1st. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $48.77.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Buckley Wealth Management LLC purchased a new stake in Nordstrom in the fourth quarter valued at approximately $625,000. Wealthstreet Investment Advisors LLC purchased a new stake in Nordstrom in the fourth quarter valued at approximately $332,000. Alliancebernstein L.P. raised its stake in Nordstrom by 2.9% in the fourth quarter. Alliancebernstein L.P. now owns 238,319 shares of the specialty retailer’s stock valued at $11,292,000 after purchasing an additional 6,632 shares in the last quarter. Two Sigma Advisers LP raised its stake in Nordstrom by 0.6% in the fourth quarter. Two Sigma Advisers LP now owns 542,185 shares of the specialty retailer’s stock valued at $25,689,000 after purchasing an additional 3,400 shares in the last quarter. Finally, Spark Investment Management LLC raised its stake in Nordstrom by 400.2% in the fourth quarter. Spark Investment Management LLC now owns 289,600 shares of the specialty retailer’s stock valued at $13,721,000 after purchasing an additional 231,700 shares in the last quarter. 56.73% of the stock is currently owned by institutional investors and hedge funds.

Nordstrom Company Profile

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.

Insider Buying and Selling by Quarter for Nordstrom (NYSE:JWN)

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