Alexis Depree Sells 20,000 Shares of Nordstrom, Inc. (NYSE:JWN) Stock

Nordstrom, Inc. (NYSE:JWN) COO Alexis Depree sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $23.20, for a total transaction of $464,000.00. Following the sale, the chief operating officer now owns 169,331 shares of the company’s stock, valued at $3,928,479.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Nordstrom Stock Down 0.8 %

Shares of JWN opened at $22.46 on Friday. The company’s 50-day simple moving average is $22.17 and its 200-day simple moving average is $21.04. The company has a debt-to-equity ratio of 2.76, a quick ratio of 0.41 and a current ratio of 1.07. Nordstrom, Inc. has a 1 year low of $12.88 and a 1 year high of $24.03. The stock has a market capitalization of $3.68 billion, a PE ratio of 12.27 and a beta of 2.61.

Nordstrom (NYSE:JWN) last released its earnings results on Tuesday, August 27th. The specialty retailer reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.25. The company had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.88 billion. Nordstrom had a negative net margin of 1.44% and a negative return on equity of 21.26%. The firm’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.84 EPS. Analysts forecast that Nordstrom, Inc. will post 1.9 earnings per share for the current fiscal year.

Nordstrom Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Tuesday, September 3rd were paid a dividend of $0.19 per share. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $0.76 annualized dividend and a yield of 3.38%. Nordstrom’s payout ratio is 41.53%.

Institutional Investors Weigh In On Nordstrom

Large investors have recently bought and sold shares of the stock. CANADA LIFE ASSURANCE Co boosted its stake in shares of Nordstrom by 0.6% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 90,144 shares of the specialty retailer’s stock valued at $1,828,000 after buying an additional 520 shares during the period. State of Michigan Retirement System raised its holdings in Nordstrom by 2.6% in the first quarter. State of Michigan Retirement System now owns 23,908 shares of the specialty retailer’s stock valued at $485,000 after acquiring an additional 600 shares in the last quarter. Personal CFO Solutions LLC lifted its stake in Nordstrom by 5.7% in the fourth quarter. Personal CFO Solutions LLC now owns 11,882 shares of the specialty retailer’s stock worth $219,000 after acquiring an additional 636 shares during the last quarter. Hexagon Capital Partners LLC grew its holdings in Nordstrom by 33.1% during the 1st quarter. Hexagon Capital Partners LLC now owns 2,648 shares of the specialty retailer’s stock worth $54,000 after acquiring an additional 659 shares in the last quarter. Finally, Atlas Capital Advisors LLC increased its position in shares of Nordstrom by 101.8% in the 2nd quarter. Atlas Capital Advisors LLC now owns 1,491 shares of the specialty retailer’s stock valued at $32,000 after purchasing an additional 752 shares during the last quarter. Hedge funds and other institutional investors own 88.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on JWN shares. JPMorgan Chase & Co. raised their price target on shares of Nordstrom from $19.00 to $20.00 and gave the stock an “underweight” rating in a report on Wednesday, August 28th. Evercore ISI raised their target price on Nordstrom from $17.00 to $19.00 and gave the stock an “in-line” rating in a research note on Friday, May 31st. Bank of America upped their price target on Nordstrom from $18.00 to $20.00 and gave the company an “underperform” rating in a research note on Wednesday, August 28th. StockNews.com raised Nordstrom from a “hold” rating to a “buy” rating in a research report on Thursday, August 8th. Finally, The Goldman Sachs Group boosted their price objective on shares of Nordstrom from $19.00 to $21.00 and gave the company a “neutral” rating in a report on Wednesday, August 28th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $20.23.

About Nordstrom

Nordstrom, Inc, a fashion retailer, provides apparels, shoes, beauty, accessories, and home goods 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 stores and online at Nordstrom.com; Nordstrom.ca; Nordstrom stores; Nordstrom Rack stores; Nordstrom Locals; ASOS; Nordstromrack.com; mobile application; and clearance stores under the Last Chance name.