Other equities research analysts have also issued research reports about the stock. Susquehanna Bancshares Inc began coverage on shares of Nordstrom in a research note on Friday, February 10th. They issued a neutral rating and a $47.00 price target on the stock. Royal Bank of Canada set a $47.00 price target on shares of Nordstrom and gave the company a hold rating in a research note on Saturday, February 25th. Credit Suisse Group set a $52.00 price target on shares of Nordstrom and gave the company a buy rating in a research note on Saturday, April 1st. Robert W. Baird set a $50.00 price target on shares of Nordstrom and gave the company a hold rating in a research note on Saturday, May 13th. Finally, BMO Capital Markets set a $48.00 price objective on shares of Nordstrom and gave the company a hold rating in a report on Saturday, May 13th. Four research analysts have rated the stock with a sell rating, eighteen have given a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of Hold and an average target price of $47.06.
Shares of Nordstrom (NYSE:JWN) opened at 47.50 on Thursday. The firm has a 50-day moving average price of $44.55 and a 200-day moving average price of $46.42. The stock has a market cap of $7.89 billion, a price-to-earnings ratio of 22.24 and a beta of 0.86. Nordstrom has a one year low of $35.01 and a one year high of $62.82. Nordstrom also saw some unusual options trading activity on Friday. Investors bought 3,320 call options on the stock. This represents an increase of approximately 679% compared to the average volume of 426 call options.
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The company also recently announced a quarterly dividend, which was paid on Monday, June 12th. Investors of record on Friday, May 26th were issued a $0.37 dividend. The ex-dividend date was Wednesday, May 24th. This represents a $1.48 annualized dividend and a yield of 3.12%. Nordstrom’s dividend payout ratio (DPR) is presently 69.48%.
In related news, insider Daniel F. Little sold 7,423 shares of Nordstrom stock in a transaction on Monday, April 3rd. The shares were sold at an average price of $47.01, for a total value of $348,955.23. Following the transaction, the insider now owns 76,371 shares in the company, valued at approximately $3,590,200.71. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 7.03% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in JWN. Parallel Advisors LLC increased its position in shares of Nordstrom by 12.7% in the first quarter. Parallel Advisors LLC now owns 2,099 shares of the specialty retailer’s stock valued at $104,000 after buying an additional 236 shares during the period. Gemmer Asset Management LLC increased its position in shares of Nordstrom by 0.8% in the first quarter. Gemmer Asset Management LLC now owns 2,252 shares of the specialty retailer’s stock valued at $105,000 after buying an additional 18 shares during the period. Ledyard National Bank increased its position in shares of Nordstrom by 291.1% in the first quarter. Ledyard National Bank now owns 2,362 shares of the specialty retailer’s stock valued at $110,000 after buying an additional 1,758 shares during the period. Advisory Services Network LLC purchased a new position in shares of Nordstrom during the first quarter valued at approximately $113,000. Finally, Sowell Financial Services LLC purchased a new position in shares of Nordstrom during the fourth quarter valued at approximately $123,000. Hedge funds and other institutional investors own 68.39% of the company’s stock.
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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