In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Nordstrom Inc. (NYSE:JWN) reported that Gittinger Anne E has picked up 15,403,460 of common stock as of 2017-06-08.
The acquisition brings the aggregate amount owned by Gittinger Anne E to a total of 15,403,460 representing 9.3% stake in the company.
For those not familiar with the company, 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. As of March 20, 2017, the Retail segment included its 117 Nordstrom-branded full-line stores in the United States and Nordstrom.com, 216 off-price Nordstrom Rack stores, five Canada full-line stores, Nordstromrack.com/HauteLook, seven Trunk Club clubhouses and TrunkClub.com, two Jeffrey boutiques and two clearance stores that operate under the name Last Chance. The Company, through Credit segment, allows its customers to access a range of payment products and services, including a Nordstrom-branded private label card, approximately two Nordstrom-branded Visa credit cards and a debit card for Nordstrom purchases.
A glance at Nordstrom Inc. (NYSE:JWN) key stats reveals a current market capitalization of 7.47 Billion based on 166.05 Million shares outstanding and a price at last close of $44.63 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2015-10-27, Domier picked up 137 at a purchase price of $65.34. This brings their total holding to 1,987 as of the date of the filing.
On the sell side, the most recent transaction saw Little unload 7,423 shares at a sale price of $47.01. This brings their total holding to 72,082.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Nordstrom Inc. (NYSE:JWN) as things move forward to see if its progress aligns with these transactions.
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