Thrivent Financial for Lutherans Has $2.05 Million Position in Nordstrom, Inc. (NYSE:JWN)

Thrivent Financial for Lutherans trimmed its holdings in Nordstrom, Inc. (NYSE:JWN) by 3.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 96,412 shares of the specialty retailer’s stock after selling 3,840 shares during the quarter. Thrivent Financial for Lutherans owned about 0.06% of Nordstrom worth $2,046,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in JWN. Schroder Investment Management Group increased its holdings in Nordstrom by 44.9% in the fourth quarter. Schroder Investment Management Group now owns 2,648,637 shares of the specialty retailer’s stock worth $48,867,000 after purchasing an additional 820,390 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Nordstrom by 66.2% in the 2nd quarter. American Century Companies Inc. now owns 1,661,227 shares of the specialty retailer’s stock valued at $35,251,000 after acquiring an additional 661,769 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Nordstrom by 5.7% during the 1st quarter. Vanguard Group Inc. now owns 10,653,007 shares of the specialty retailer’s stock valued at $215,936,000 after acquiring an additional 579,001 shares during the period. NewSquare Capital LLC bought a new position in Nordstrom during the second quarter worth $7,783,000. Finally, Ceredex Value Advisors LLC bought a new stake in Nordstrom in the second quarter valued at $7,310,000. Institutional investors own 88.73% of the company’s stock.

Nordstrom Stock Performance

Shares of JWN stock opened at $21.70 on Wednesday. The company has a debt-to-equity ratio of 2.76, a current ratio of 1.07 and a quick ratio of 0.41. The firm has a 50-day moving average of $22.15 and a 200-day moving average of $21.16. Nordstrom, Inc. has a one year low of $12.88 and a one year high of $24.03. The company has a market cap of $3.55 billion, a P/E ratio of 11.95 and a beta of 2.61.

Nordstrom (NYSE:JWN) last posted its earnings results on Tuesday, August 27th. The specialty retailer reported $0.96 EPS for the quarter, topping the consensus estimate of $0.71 by $0.25. The firm had revenue of $3.89 billion for the quarter, compared to analysts’ expectations of $3.88 billion. Nordstrom had a negative net margin of 1.44% and a negative return on equity of 21.26%. The company’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.84 EPS. Equities research analysts forecast that Nordstrom, Inc. will post 1.9 EPS for the current fiscal year.

Nordstrom Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Tuesday, September 3rd were paid a $0.19 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $0.76 dividend on an annualized basis and a yield of 3.50%. Nordstrom’s dividend payout ratio (DPR) is presently 41.53%.

Insider Transactions at Nordstrom

In related news, COO Alexis Depree sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $23.20, for a total transaction of $464,000.00. Following the completion of the sale, the chief operating officer now owns 169,331 shares in the company, valued at $3,928,479.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 5.78% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. KeyCorp cut shares of Nordstrom from an “overweight” rating to a “sector weight” rating in a research report on Thursday, September 26th. BMO Capital Markets boosted their price objective on Nordstrom from $20.00 to $22.00 and gave the company a “market perform” rating in a report on Wednesday, August 28th. The Goldman Sachs Group increased their target price on Nordstrom from $19.00 to $21.00 and gave the stock a “neutral” rating in a report on Wednesday, August 28th. Telsey Advisory Group boosted their price target on shares of Nordstrom from $23.00 to $24.00 and gave the company a “market perform” rating in a research note on Wednesday, August 28th. Finally, StockNews.com upgraded shares of Nordstrom from a “hold” rating to a “buy” rating in a report on Thursday, August 8th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $20.23.

Nordstrom Profile

Nordstrom, Inc, a fashion retailer, provides apparels, shoes, beauty, accessories, and home goods for women, men, young adults, and children. It offers a range of brand-name and private-label merchandise through various channels, such as Nordstrom branded stores and online at Nordstrom.com; Nordstrom.ca; Nordstrom stores; Nordstrom Rack stores; Nordstrom Locals; ASOS; Nordstromrack.com; mobile application; and clearance stores under the Last Chance name.