Nordstrom, Inc. (NYSE:JWN) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. decreased its position in shares of Nordstrom, Inc. (NYSE:JWN) by 31.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 223,659 shares of the specialty retailer’s stock after selling 102,692 shares during the quarter. Principal Financial Group Inc. owned 0.14% of Nordstrom worth $5,030,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Venturi Wealth Management LLC grew its position in Nordstrom by 355.9% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,272 shares of the specialty retailer’s stock worth $29,000 after purchasing an additional 993 shares during the period. Rothschild Investment LLC acquired a new stake in Nordstrom during the second quarter worth about $39,000. Point72 Hong Kong Ltd purchased a new position in Nordstrom during the second quarter valued at approximately $71,000. Blue Trust Inc. lifted its holdings in Nordstrom by 57.7% in the third quarter. Blue Trust Inc. now owns 3,839 shares of the specialty retailer’s stock valued at $81,000 after acquiring an additional 1,404 shares during the period. Finally, CWM LLC boosted its position 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 in the last quarter. Hedge funds and other institutional investors own 88.73% of the company’s stock.

Nordstrom Stock Performance

NYSE JWN opened at $24.15 on Friday. The company has a debt-to-equity ratio of 2.65, a current ratio of 1.14 and a quick ratio of 0.35. The stock’s 50 day simple moving average is $23.28 and its 200-day simple moving average is $22.59. The company has a market cap of $3.99 billion, a PE ratio of 15.38 and a beta of 2.56. Nordstrom, Inc. has a 1-year low of $16.63 and a 1-year high of $24.99.

Nordstrom (NYSE:JWN) last announced its quarterly earnings data on Tuesday, November 26th. The specialty retailer reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.11. Nordstrom had a negative return on equity of 18.04% and a negative net margin of 1.57%. The company had revenue of $3.35 billion for the quarter, compared to analyst estimates of $3.34 billion. During the same quarter last year, the firm posted $0.25 EPS. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. As a group, equities research analysts anticipate that Nordstrom, Inc. will post 1.94 EPS for the current fiscal year.

Nordstrom Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Tuesday, December 3rd were paid a dividend of $0.19 per share. The ex-dividend date was Tuesday, December 3rd. This represents a $0.76 annualized dividend and a yield of 3.15%. Nordstrom’s dividend payout ratio is presently 48.41%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Argus lowered shares of Nordstrom from a “buy” rating to a “sell” rating in a report on Monday. StockNews.com started coverage on shares of Nordstrom in a research report on Thursday. They issued a “buy” rating for the company. Telsey Advisory Group dropped their target price on Nordstrom from $26.00 to $24.00 and set a “market perform” rating on the stock in a research report on Tuesday, December 24th. Barclays upgraded Nordstrom from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $18.00 to $23.00 in a research note on Thursday, September 5th. Finally, Evercore ISI increased their price target on Nordstrom from $20.00 to $22.00 and gave the stock an “in-line” rating in a research report on Wednesday, November 27th. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $21.13.

Nordstrom Company 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.