Nordstrom, Inc. (NYSE:JWN) Shares Sold by Atria Investments Inc

Atria Investments Inc cut its stake in shares of Nordstrom, Inc. (NYSE:JWN) by 4.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 12,182 shares of the specialty retailer’s stock after selling 618 shares during the quarter. Atria Investments Inc’s holdings in Nordstrom were worth $274,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. grew its position in Nordstrom by 5.7% during the first quarter. Vanguard Group Inc. now owns 10,653,007 shares of the specialty retailer’s stock worth $215,936,000 after buying an additional 579,001 shares during the period. Acadian Asset Management LLC grew its holdings in shares of 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 acquiring an additional 3,199 shares during the period. CANADA LIFE ASSURANCE Co increased its stake in Nordstrom by 0.6% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 90,144 shares of the specialty retailer’s stock valued at $1,828,000 after purchasing an additional 520 shares in the last quarter. EP Wealth Advisors LLC acquired a new position in Nordstrom during the first quarter worth $275,000. Finally, Axxcess Wealth Management LLC raised its holdings in Nordstrom by 15.1% during the first quarter. Axxcess Wealth Management LLC now owns 12,200 shares of the specialty retailer’s stock worth $247,000 after purchasing an additional 1,600 shares during the last quarter. Hedge funds and other institutional investors own 88.73% of the company’s stock.

Wall Street Analysts Forecast Growth

JWN has been the subject of a number of research analyst reports. Bank of America raised their price target on Nordstrom from $18.00 to $20.00 and gave the company an “underperform” rating in a research report on Wednesday, August 28th. Telsey Advisory Group restated a “market perform” rating and set a $24.00 target price on shares of Nordstrom in a report on Wednesday. JPMorgan Chase & Co. upped their price target on shares of Nordstrom from $19.00 to $20.00 and gave the company an “underweight” rating in a report on Wednesday, August 28th. The Goldman Sachs Group increased their price target on shares of Nordstrom from $19.00 to $21.00 and gave the company a “neutral” rating in a research report on Wednesday, August 28th. Finally, Citigroup lifted their price objective on Nordstrom from $22.00 to $23.00 and gave the stock a “neutral” rating in a research report on Tuesday. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $20.58.

Insider Buying and Selling at Nordstrom

In other news, COO Alexis Depree sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $23.20, for a total value of $464,000.00. Following the transaction, the chief operating officer now directly owns 169,331 shares in the company, valued at $3,928,479.20. This trade represents a 10.56 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 5.78% of the stock is owned by company insiders.

Nordstrom Price Performance

JWN stock opened at $23.24 on Friday. The stock has a market capitalization of $3.82 billion, a price-to-earnings ratio of 13.08 and a beta of 2.59. The company has a quick ratio of 0.41, a current ratio of 1.07 and a debt-to-equity ratio of 2.76. Nordstrom, Inc. has a 52-week low of $14.39 and a 52-week high of $24.93. The stock’s fifty day simple moving average is $22.75 and its 200-day simple moving average is $22.11.

Nordstrom (NYSE:JWN) last issued its quarterly earnings results on Tuesday, August 27th. The specialty retailer reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.25. The firm 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 quarterly revenue was up 3.2% on a year-over-year basis. During the same period last year, the company earned $0.84 EPS. Equities research analysts expect that Nordstrom, Inc. will post 1.91 EPS for the current year.

Nordstrom Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Tuesday, December 3rd will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 3.27%. The ex-dividend date is Tuesday, December 3rd. Nordstrom’s dividend payout ratio is currently 44.44%.

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.