Nordstrom, Inc. (NYSE:JWN) Shares Purchased by Blue Trust Inc.

Blue Trust Inc. raised its holdings in Nordstrom, Inc. (NYSE:JWN) by 57.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,839 shares of the specialty retailer’s stock after purchasing an additional 1,404 shares during the quarter. Blue Trust Inc.’s holdings in Nordstrom were worth $81,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of JWN. Atlas Capital Advisors LLC grew its position in Nordstrom by 101.8% during the second quarter. Atlas Capital Advisors LLC now owns 1,491 shares of the specialty retailer’s stock valued at $32,000 after buying an additional 752 shares during the period. Rothschild Investment LLC acquired a new stake in shares of Nordstrom during the 2nd quarter valued at about $39,000. Point72 Hong Kong Ltd purchased a new position in shares of Nordstrom in the 2nd quarter valued at about $71,000. CWM LLC raised its holdings in Nordstrom by 28.7% in the 3rd quarter. CWM LLC now owns 3,628 shares of the specialty retailer’s stock worth $82,000 after purchasing an additional 810 shares during the period. Finally, Acadian Asset Management LLC raised its holdings in Nordstrom by 217.5% in the 1st quarter. Acadian Asset Management LLC now owns 4,670 shares of the specialty retailer’s stock worth $94,000 after purchasing an additional 3,199 shares during the period. Institutional investors and hedge funds own 88.73% of the company’s stock.

Analyst Upgrades and Downgrades

JWN has been the subject of several research analyst reports. The Goldman Sachs Group upped their target price on Nordstrom from $19.00 to $21.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 28th. StockNews.com upgraded shares of Nordstrom from a “hold” rating to a “buy” rating in a research report on Thursday, August 8th. JPMorgan Chase & Co. upped their price target on shares of Nordstrom from $19.00 to $20.00 and gave the stock an “underweight” rating in a research report on Wednesday, August 28th. Telsey Advisory Group boosted their price objective on Nordstrom from $23.00 to $24.00 and gave the stock a “market perform” rating in a research note on Wednesday, August 28th. Finally, Barclays upgraded shares of Nordstrom from an “underweight” rating to an “equal weight” rating and upped their price objective for the stock from $18.00 to $23.00 in a report on Thursday, September 5th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $20.33.

Nordstrom Stock Down 1.1 %

Nordstrom stock opened at $23.38 on Thursday. The firm has a market capitalization of $3.84 billion, a P/E ratio of 13.67 and a beta of 2.60. The company has a current ratio of 1.07, a quick ratio of 0.41 and a debt-to-equity ratio of 2.76. Nordstrom, Inc. has a twelve month low of $12.88 and a twelve month high of $24.93. The stock’s fifty day simple moving average is $22.58 and its 200-day simple moving average is $21.72.

Nordstrom (NYSE:JWN) last issued its earnings results on Tuesday, August 27th. The specialty retailer reported $0.96 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $3.89 billion for the quarter, compared to analysts’ expectations of $3.88 billion. During the same quarter last year, the company earned $0.84 earnings per share. The firm’s revenue was up 3.2% compared to the same quarter last year. As a group, equities analysts expect that Nordstrom, Inc. will post 1.89 earnings per share for the current fiscal year.

Nordstrom Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Tuesday, September 3rd were paid a dividend of $0.19 per share. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.25%. Nordstrom’s payout ratio is currently 44.44%.

Insider Activity at Nordstrom

In other Nordstrom news, COO Alexis Depree sold 20,000 shares of Nordstrom stock in a transaction dated Tuesday, September 24th. The stock was 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 directly owns 169,331 shares of the company’s stock, valued at $3,928,479.20. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 5.78% of the stock is currently owned by corporate 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.