Nordstrom, Inc. (NYSE:JWN) is expected to pay $0.37 on Dec 13, 2016. The indicated annual dividend is $1.48. Shareholders owning the stock before Nov 23, 2016 will be eligible to receive the payout. Based on Nordstrom, Inc.’s current price of $57.73, the dividend is 0.64%. This dividend’s record date is Nov 28, 2016 and the announcement date is Nov 17, 2016. The stock decreased 2.05% or $1.21 during the last trading session, hitting $57.73. Nordstrom, Inc. (NYSE:JWN) has risen 7.77% since April 20, 2016 and is uptrending. It has outperformed by 3.21% the S&P500.
Nordstrom, Inc. is a fashion specialty retailer in the United States. The company has a market cap of $10.09 billion. The firm operates through two divisions: Retail and Credit. It has a 30.89 P/E ratio. The Retail segment includes approximately 115 Nordstrom branded full-line stores in the United States and Nordstrom.com, approximately 167 off-price Nordstrom Rack stores, two Canada full-line stores, Nordstromrack.com and HauteLook, and other retail channels, including five Trunk Club showrooms and TrunkClub.com, its two Jeffrey boutiques and one clearance store that operates under the name Last Chance.
Insitutional Activity: The institutional sentiment decreased to 0.9 in 2016 Q2. Its down 0.16, from 1.06 in 2016Q1. The ratio dropped, as 85 funds sold all Nordstrom, Inc. shares owned while 148 reduced positions. 66 funds bought stakes while 180 increased positions. They now own 105.26 million shares or 3.95% less from 109.60 million shares in 2016Q1.
Moreover, Van Eck Associates has 0% invested in Nordstrom, Inc. (NYSE:JWN) for 1,053 shares. The New York-based Highbridge Capital Mngmt Limited Company has invested 0.01% in Nordstrom, Inc. (NYSE:JWN). Comerica National Bank & Trust holds 31,037 shares or 0.01% of its portfolio. Quantres Asset Mngmt Ltd holds 0.2% of its portfolio in Nordstrom, Inc. (NYSE:JWN) for 8,400 shares. Timber Hill Lc holds 0% of its portfolio in Nordstrom, Inc. (NYSE:JWN) for 27,895 shares. Assetmark, a California-based fund reported 50,379 shares. Toronto Dominion Retail Bank holds 0% of its portfolio in Nordstrom, Inc. (NYSE:JWN) for 715 shares. Brown Brothers Harriman And, a New York-based fund reported 13 shares. Cohen Steers reported 59,400 shares or 0.01% of all its holdings. Huntington Retail Bank has 6,213 shares for 0.01% of their US portfolio. The Washington-based Smead Cap has invested 1.75% in Nordstrom, Inc. (NYSE:JWN). Morgan Stanley has 3.36M shares for 0.05% of their US portfolio. Invsts Advisory accumulated 10,301 shares or 0.08% of the stock. Brighton Jones Limited Liability Com holds 10,836 shares or 0.07% of its portfolio. Madison owns 188,150 shares or 0.15% of their US portfolio.
Insider Transactions: Since September 23, 2016, the stock had 0 insider buys, and 7 insider sales for $7.61 million net activity. The insider NORDSTROM PETER E sold 29,992 shares worth $1.75 million. 42,847 shares were sold by NORDSTROM BLAKE W, worth $2.57M on Monday, November 14. 5,270 shares with value of $284,580 were sold by LITTLE DANIEL F on Thursday, October 6. 29,992 shares were sold by NORDSTROM ERIK B, worth $1.75 million on Friday, November 11.
Nordstrom, Inc. (NYSE:JWN) Ratings Coverage
Out of 21 analysts covering Nordstrom Inc. (NYSE:JWN), 7 rate it a “Buy”, 3 “Sell”, while 11 “Hold”. This means 33% are positive. Nordstrom Inc. has been the topic of 62 analyst reports since August 14, 2015 according to StockzIntelligence Inc. The stock of Nordstrom, Inc. (NYSE:JWN) has “Buy” rating given on Wednesday, October 7 by Citigroup. As per Tuesday, January 5, the company rating was downgraded by Citigroup. Northcoast downgraded the shares of JWN in a report on Monday, March 7 to “Sell” rating. The stock of Nordstrom, Inc. (NYSE:JWN) has “Buy” rating given on Friday, November 11 by Maxim Group. The rating was maintained by Stifel Nicolaus with “Buy” on Wednesday, December 23. The rating was upgraded by PiperJaffray on Tuesday, July 26 to “Overweight”. The stock of Nordstrom, Inc. (NYSE:JWN) has “Buy” rating given on Tuesday, January 5 by Deutsche Bank. UBS maintained Nordstrom, Inc. (NYSE:JWN) on Friday, August 12 with “Buy” rating. The firm has “Buy” rating given on Friday, November 13 by Topeka Capital Markets. The stock of Nordstrom, Inc. (NYSE:JWN) has “Neutral” rating given on Monday, October 12 by Credit Suisse.
More important recent Nordstrom, Inc. (NYSE:JWN) news were published by: Nasdaq.com which released: “Nordstrom, Inc. (JWN) Stock: The Best Play in Retail” on November 18, 2016, also Businesswire.com published article titled: “Nordstrom Board of Directors Approves Quarterly Dividend”, Nasdaq.com published: “Nordstrom Inc. Q3 Profit Advances 83%” on November 10, 2016. More interesting news about Nordstrom, Inc. (NYSE:JWN) was released by: Prnewswire.com and their article: “Nordstrom Rack To Open In Novato, Calif.” with publication date: November 18, 2016.
JWN Company Profile
Nordstrom, Inc., incorporated on October 28, 1946, is a fashion specialty retailer in the United States. The Company’s divisions include Retail, Credit and Corporate/Other. The Firm operates approximately 320 United States stores located in over 40 states, as well as an e-commerce business through Nordstrom.com, Nordstromrack.com/HauteLook and TrunkClub.com. It also operates approximately three Nordstrom full-line stores in Canada. In addition, the Company offers its clients a Nordstrom Rewards loyalty program along with a range of payment services and products, including credit and debit cards.
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