Nordstrom, Inc. (JWN) President Sells $85877.40 in Stock
- Author: Zachary Reyes Mar 10, 2017,
Mar 10, 2017, 21:01
In a research note issued on Feb 02, 2017, analysts at downgraded the stock to Sell from Neutral. Finally, Maxim Group boosted their target price on shares of Nordstrom from $54.00 to $61.00 and gave the company a buy rating in a research report on Friday, November 11th. JWN President NORDSTROM BLAKE W also sold 1,558 shares, at a stock price of $47.5. Telsey Advisory Group decreased their price objective on Nordstrom from $52.00 to $50.00 and set a market perform rating on the stock in a report on Friday, February 24th. Stock's minimum price target estimates has been figured out at $33 while the maximum price target forecast is established at $68, if we look at the price target with an optimistic approach it has upside potential of 51% from its latest closing price of $45.15.
Nordstrom Inc. (NYSE:JWN) reported its last quarter results on 02/23/2017. The firm has a market cap of $7.76 billion, a P/E ratio of 23.83 and a beta of 1.00. The stock closed down 1.47 points or 3.23% at $44.03 with 3,750,994 shares getting traded. Nordstrom has a 52 week low of $35.01 and a 52 week high of $62.82. Earnings per share for the recently concluded quarter is expected to come in at $0.28 a share with $3.35B in revenue. Nordstrom had a return on equity of 58.85% and a net margin of 2.28%. The business earned $3.47 billion during the quarter, compared to the consensus estimate of $3.49 billion. While the actual EPS the company reported in the same quarter previous year was 0.26/share. The company's revenue for the quarter was up 2.4% compared to the same quarter past year.
Analysts mean Recommendation on a stock is noted at 2.80. Nordstrom presently has a consensus rating of Hold and a consensus price target of $46.71. If you are accessing this report on another domain, it was illegally stolen and reposted in violation of United States and worldwide copyright laws. The legal version of this piece of content can be viewed at https://www.com-unik.info/2017/03/10/nordstrom-inc-jwn-lifted-to-hold-at-vetr-inc.html.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 15th. Stockholders of record on Wednesday, March 1st will be given a dividend of $0.37 per share. The ex-dividend date is Monday, February 27th. Stock's 52-week target was retained at $47.54, the estimates indicates a standard deviation of 8.69. Nordstrom's payout ratio is now 79.14%. Strong Sell. Investors might also notice that two months ago the Buy recommendations (0) were less than Sell recommendations (1). There may be various price targets for a stock. Following the completion of the sale, the president now directly owns 2,115,346 shares in the company, valued at approximately $100,478,935. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Several insiders were part of recent insider activity for the stock. The stock was sold at an average price of $58.34, for a total value of $5,090,573.38. Company insiders own 7.03% of the company's stock. The disclosure for this sale can be found here. The most recent short interest data show 21.59% of the company's stock are short sold.
Large investors have recently made changes to their positions in the stock. Gemmer Asset Management LLC raised its position in Nordstrom by 1.2% in the third quarter. Quarterly performance of the company shows declining momentum of -20.43% while its last one month trend is positive with 6.14%. Airain ltd now owns 57,239 shares of the company's stock worth $2,178,000 after buying an additional 43,310 shares during the last quarter. Vanguard Group Inc. now owns 13,840,222 shares of the company's stock worth $526,621,000 after buying an additional 1,945,151 shares during the period. Norges Bank bought a new stake in Nordstrom during the fourth quarter worth about $108,878,000. Skandinaviska Enskilda Banken AB publ now owns 2,731,326 shares of the company's stock worth $141,701,000 after buying an additional 2,718,233 shares during the period. Hamel Associates Inc. increased its position in shares of Nordstrom by 542.6% in the second quarter.
According to consensus agreement of 22 analysts Nordstrom, Inc.