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 company’s stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $23.20, for a total value of $464,000.00. Following the transaction, the chief operating officer now directly owns 169,331 shares of the company’s stock, valued at $3,928,479.20. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Nordstrom Trading Down 0.8 %

Shares of Nordstrom stock opened at $22.46 on Friday. The company has a 50-day moving average of $22.17 and a two-hundred day moving average of $21.04. The stock has a market cap of $3.68 billion, a PE ratio of 12.27 and a beta of 2.61. The company has a current ratio of 1.07, a quick ratio of 0.41 and a debt-to-equity ratio of 2.76. Nordstrom, Inc. has a 12-month low of $12.88 and a 12-month high of $24.03.

Nordstrom (NYSE:JWN) last released its quarterly earnings data on Tuesday, August 27th. The specialty retailer reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.25. The firm had revenue of $3.89 billion during the quarter, compared to the consensus estimate of $3.88 billion. Nordstrom had a negative return on equity of 21.26% and a negative net margin of 1.44%. Nordstrom’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period last year, the business posted $0.84 EPS. On average, research analysts anticipate that Nordstrom, Inc. will post 1.9 EPS for the current fiscal year.

Nordstrom Announces Dividend

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

Analyst Upgrades and Downgrades

JWN has been the subject of a number of research analyst reports. Bank of America upped their price target on Nordstrom from $18.00 to $20.00 and gave the company an “underperform” rating in a report on Wednesday, August 28th. JPMorgan Chase & Co. upped their target price on shares of Nordstrom from $19.00 to $20.00 and gave the company an “underweight” rating in a report on Wednesday, August 28th. TD Cowen lifted their price target on shares of Nordstrom from $24.00 to $25.00 and gave the stock a “hold” rating in a research note on Wednesday, August 28th. StockNews.com upgraded shares of Nordstrom from a “hold” rating to a “buy” rating in a research note on Thursday, August 8th. Finally, Telsey Advisory Group raised their price objective on Nordstrom from $23.00 to $24.00 and gave the stock a “market perform” rating in a report on Wednesday, August 28th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, Nordstrom presently has a consensus rating of “Hold” and a consensus target price of $20.23.

Hedge Funds Weigh In On Nordstrom

Several hedge funds have recently added to or reduced their stakes in JWN. Norges Bank purchased a new stake in shares of Nordstrom in the fourth quarter valued at about $23,572,000. Dimensional Fund Advisors LP raised its position in shares of Nordstrom by 64.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,829,662 shares of the specialty retailer’s stock worth $52,212,000 after purchasing an additional 1,104,604 shares during the last quarter. Schroder Investment Management Group raised its position in shares of Nordstrom by 44.9% during the 4th quarter. Schroder Investment Management Group now owns 2,648,637 shares of the specialty retailer’s stock worth $48,867,000 after purchasing an additional 820,390 shares during the last quarter. American Century Companies Inc. lifted its stake in Nordstrom by 66.2% in the 2nd quarter. American Century Companies Inc. now owns 1,661,227 shares of the specialty retailer’s stock valued at $35,251,000 after buying an additional 661,769 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in Nordstrom by 5.7% during the 1st quarter. Vanguard Group Inc. now owns 10,653,007 shares of the specialty retailer’s stock valued at $215,936,000 after buying an additional 579,001 shares during the last quarter. 88.73% of the stock is currently owned by hedge funds and other institutional investors.

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.