Teachers Retirement System of The State of Kentucky Has $1.99 Million Holdings in Nordstrom, Inc. (NYSE:JWN)

Teachers Retirement System of The State of Kentucky decreased its position in Nordstrom, Inc. (NYSE:JWN) by 10.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 93,570 shares of the specialty retailer’s stock after selling 11,223 shares during the quarter. Teachers Retirement System of The State of Kentucky owned about 0.06% of Nordstrom worth $1,985,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Algert Global LLC acquired a new position in Nordstrom in the 2nd quarter valued at $210,000. Maverick Capital Ltd. boosted its position in shares of Nordstrom by 7.1% in the second quarter. Maverick Capital Ltd. now owns 118,834 shares of the specialty retailer’s stock valued at $2,522,000 after acquiring an additional 7,883 shares during the period. Deerfield Management Company L.P. Series C grew its stake in shares of Nordstrom by 328.7% in the second quarter. Deerfield Management Company L.P. Series C now owns 42,747 shares of the specialty retailer’s stock valued at $907,000 after acquiring an additional 32,776 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in Nordstrom during the second quarter worth about $191,000. Finally, Point72 Hong Kong Ltd acquired a new stake in Nordstrom in the 2nd quarter worth about $71,000. Institutional investors own 88.73% of the company’s stock.

Insider Buying and Selling at Nordstrom

In other news, COO Alexis Depree sold 20,000 shares of the 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 transaction, the chief operating officer now owns 169,331 shares of the company’s stock, valued at $3,928,479.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 5.78% of the company’s stock.

Nordstrom Price Performance

JWN stock opened at $21.97 on Friday. The company has a quick ratio of 0.41, a current ratio of 1.07 and a debt-to-equity ratio of 2.76. The firm has a market cap of $3.60 billion, a price-to-earnings ratio of 12.01 and a beta of 2.60. The company’s fifty day simple moving average is $22.16 and its 200 day simple moving average is $21.23. Nordstrom, Inc. has a 12-month low of $12.88 and a 12-month high of $24.03.

Nordstrom (NYSE:JWN) last announced its earnings results on Tuesday, August 27th. The specialty retailer reported $0.96 EPS for the quarter, beating the consensus estimate of $0.71 by $0.25. The company had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.88 billion. Nordstrom had a negative return on equity of 21.26% and a negative net margin of 1.44%. The firm’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.84 EPS. On average, analysts expect that Nordstrom, Inc. will post 1.9 earnings per share for the current year.

Nordstrom Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Tuesday, September 3rd were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 3.46%. The ex-dividend date of this dividend was Tuesday, September 3rd. Nordstrom’s payout ratio is 41.53%.

Analyst Ratings Changes

Several brokerages have recently commented on JWN. Telsey Advisory Group raised their target price on shares of Nordstrom from $23.00 to $24.00 and gave the stock 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. JPMorgan Chase & Co. boosted their price target on Nordstrom from $19.00 to $20.00 and gave the company an “underweight” rating in a research note on Wednesday, August 28th. Barclays upgraded shares of Nordstrom from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $18.00 to $23.00 in a research report on Thursday, September 5th. Finally, Bank of America boosted their price target on Nordstrom from $18.00 to $20.00 and gave the stock an “underperform” rating in a report on Wednesday, August 28th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, Nordstrom has an average rating of “Hold” and a consensus target price of $20.23.

About Nordstrom

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.