Sanctuary Advisors LLC Invests $415,000 in Nordstrom, Inc. (NYSE:JWN)

Sanctuary Advisors LLC acquired a new position in shares of Nordstrom, Inc. (NYSE:JWN) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 19,573 shares of the specialty retailer’s stock, valued at approximately $415,000.

Other large investors also recently modified their holdings of the company. Register Financial Advisors LLC acquired a new stake in shares of Nordstrom during the first quarter worth $30,000. Atlas Capital Advisors LLC increased its position in shares of Nordstrom by 101.8% during the second quarter. Atlas Capital Advisors LLC now owns 1,491 shares of the specialty retailer’s stock worth $32,000 after buying an additional 752 shares during the period. Rothschild Investment LLC bought a new position in Nordstrom during the second quarter worth $39,000. Blue Trust Inc. boosted its stake in Nordstrom by 10,045.8% during the second quarter. Blue Trust Inc. now owns 2,435 shares of the specialty retailer’s stock worth $49,000 after acquiring an additional 2,411 shares in the last quarter. Finally, Hexagon Capital Partners LLC boosted its stake in Nordstrom by 33.1% during the first quarter. Hexagon Capital Partners LLC now owns 2,648 shares of the specialty retailer’s stock worth $54,000 after acquiring an additional 659 shares in the last quarter. 88.73% of the stock is currently owned by institutional investors and hedge funds.

Nordstrom Stock Up 1.5 %

Nordstrom stock opened at $24.44 on Thursday. The company has a current ratio of 1.07, a quick ratio of 0.41 and a debt-to-equity ratio of 2.76. The firm’s fifty day moving average price is $22.30 and its two-hundred day moving average price is $21.42. Nordstrom, Inc. has a 1-year low of $12.88 and a 1-year high of $24.82. The firm has a market capitalization of $4.00 billion, a price-to-earnings ratio of 13.35 and a beta of 2.60.

Nordstrom (NYSE:JWN) last released its quarterly earnings results on Tuesday, August 27th. The specialty retailer reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.25. Nordstrom had a negative net margin of 1.44% and a negative return on equity of 21.26%. The company had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.88 billion. During the same period last year, the firm earned $0.84 earnings per share. The firm’s revenue was up 3.2% on a year-over-year basis. On average, equities research analysts predict that Nordstrom, Inc. will post 1.89 earnings per share for the current fiscal year.

Nordstrom Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Tuesday, September 3rd were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.11%. The ex-dividend date of this dividend was Tuesday, September 3rd. Nordstrom’s payout ratio is currently 41.53%.

Analysts Set New Price Targets

Several brokerages recently issued reports on JWN. JPMorgan Chase & Co. increased their target price on shares of Nordstrom from $19.00 to $20.00 and gave the stock an “underweight” rating in a research note on Wednesday, August 28th. StockNews.com raised shares of Nordstrom from a “hold” rating to a “buy” rating in a research note on Thursday, August 8th. Telsey Advisory Group increased their target price on shares of Nordstrom from $23.00 to $24.00 and gave the stock a “market perform” rating in a research note on Wednesday, August 28th. BMO Capital Markets increased their target price on shares of Nordstrom from $20.00 to $22.00 and gave the stock a “market perform” rating in a research note on Wednesday, August 28th. Finally, The Goldman Sachs Group increased their target price on shares of Nordstrom from $19.00 to $21.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 28th. Three 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’s stock. Based on data from MarketBeat.com, Nordstrom currently has an average rating of “Hold” and an average price target of $20.23.

Insider Activity 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 transaction, the chief operating officer now directly owns 169,331 shares of the company’s stock, valued at $3,928,479.20. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 5.78% of the stock is owned by insiders.

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.