The SVP and Secretary of Nordstrom Inc (JWN) is Selling Shares
Today, the SVP and Secretary of Nordstrom Inc (NYSE: JWN), Robert Sari, sold shares of JWN for $549.7K.
Following Robert Sari’s last JWN Sell transaction on June 26, 2012, the stock climbed by 22.1%.
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Based on Nordstrom Inc’s latest earnings report for the quarter ending July 31, the company posted quarterly revenue of $4.07 billion and quarterly net profit of $162 million. In comparison, last year the company earned revenue of $3.79 billion and had a net profit of $110 million. JWN’s market cap is $10.21B and the company has a P/E ratio of 20.16. Currently, Nordstrom Inc has an average volume of 1.14M.
Based on 10 analyst ratings, the analyst consensus is Hold with an average price target of $57.25, reflecting a -5.9% downside.
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Nordstrom, Inc. engages in the manufacture and trade of clothes, shoes, and accessories. It operates through the following business segments: Retail; Credit; and Corporate/Other. The Retail segment manages physical stores and online shops. The Credit segment offers a range of payment options to customers.