Nordstrom, Inc. (JWN) CMO Sells $490,200.00 in Stock

Nordstrom, Inc. (NYSE:JWN) CMO Scott A. Meden sold 10,000 shares of the business’s stock in a transaction on Thursday, April 12th. The shares were sold at an average price of $49.02, for a total transaction of $490,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of NYSE JWN opened at $47.39 on Monday. Nordstrom, Inc. has a 1-year low of $37.79 and a 1-year high of $54.00. The stock has a market cap of $8,077.79, a PE ratio of 16.01, a P/E/G ratio of 2.36 and a beta of 0.83. The company has a current ratio of 1.07, a quick ratio of 0.45 and a debt-to-equity ratio of 2.74.

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Nordstrom (NYSE:JWN) last announced its quarterly earnings data on Thursday, March 1st. The specialty retailer reported $1.20 earnings per share for the quarter, missing the consensus estimate of $1.24 by ($0.04). Nordstrom had a net margin of 2.86% and a return on equity of 60.72%. The company had revenue of $4.60 billion for the quarter, compared to analyst estimates of $4.57 billion. During the same quarter in the prior year, the company posted $1.27 EPS. Nordstrom’s revenue for the quarter was up 8.4% on a year-over-year basis. equities analysts anticipate that Nordstrom, Inc. will post 3.42 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 20th. Investors of record on Monday, March 5th were issued a $0.37 dividend. The ex-dividend date of this dividend was Friday, March 2nd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.12%. Nordstrom’s dividend payout ratio is presently 50.00%.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of New York Mellon Corp raised its holdings in shares of Nordstrom by 11.8% in the 4th quarter. Bank of New York Mellon Corp now owns 10,245,078 shares of the specialty retailer’s stock worth $485,413,000 after acquiring an additional 1,078,880 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Nordstrom by 3.4% in the 4th quarter. BlackRock Inc. now owns 8,343,411 shares of the specialty retailer’s stock worth $395,312,000 after acquiring an additional 275,344 shares during the last quarter. Disciplined Growth Investors Inc. MN raised its holdings in shares of Nordstrom by 60.6% in the 4th quarter. Disciplined Growth Investors Inc. MN now owns 1,428,767 shares of the specialty retailer’s stock worth $67,695,000 after acquiring an additional 539,040 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Nordstrom by 4.1% in the 4th quarter. Geode Capital Management LLC now owns 1,402,334 shares of the specialty retailer’s stock worth $66,320,000 after acquiring an additional 55,820 shares during the last quarter. Finally, Ariel Investments LLC raised its holdings in shares of Nordstrom by 9.2% in the 4th quarter. Ariel Investments LLC now owns 1,303,102 shares of the specialty retailer’s stock worth $61,741,000 after acquiring an additional 109,753 shares during the last quarter. Institutional investors own 58.77% of the company’s stock.

Several equities analysts recently issued reports on JWN shares. Zacks Investment Research upgraded shares of Nordstrom from a “hold” rating to a “buy” rating and set a $56.00 target price on the stock in a report on Monday, January 15th. Credit Suisse Group started coverage on shares of Nordstrom in a report on Monday, March 12th. They issued a “neutral” rating and a $54.00 target price on the stock. Piper Jaffray set a $45.00 target price on shares of Nordstrom and gave the company a “hold” rating in a report on Wednesday, January 10th. JPMorgan Chase upgraded shares of Nordstrom from an “underweight” rating to a “neutral” rating and boosted their target price for the company from $33.00 to $48.00 in a report on Tuesday, January 2nd. Finally, Robert W. Baird set a $49.00 target price on shares of Nordstrom and gave the company a “hold” rating in a report on Friday, December 22nd. Two investment 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. Nordstrom has an average rating of “Hold” and an average 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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