Nordstrom, Inc. (NYSE:JWN) Shares Sold by Partnership Wealth Management LLC

Partnership Wealth Management LLC reduced its position in Nordstrom, Inc. (NYSE:JWN) by 93.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,899 shares of the specialty retailer’s stock after selling 71,627 shares during the quarter. Partnership Wealth Management LLC’s holdings in Nordstrom were worth $110,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of JWN. American Century Companies Inc. lifted its holdings in Nordstrom by 66.2% during the 2nd quarter. American Century Companies Inc. now owns 1,661,227 shares of the specialty retailer’s stock worth $35,251,000 after buying an additional 661,769 shares in the last quarter. Vanguard Group Inc. increased its position in shares of 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 acquiring an additional 579,001 shares during the period. Marshall Wace LLP raised its stake in shares of Nordstrom by 38.4% in the second quarter. Marshall Wace LLP now owns 1,479,414 shares of the specialty retailer’s stock valued at $31,393,000 after acquiring an additional 410,152 shares in the last quarter. NewSquare Capital LLC purchased a new position in Nordstrom in the second quarter valued at $7,783,000. Finally, Axiom Advisory LLC boosted its holdings in Nordstrom by 46.0% in the third quarter. Axiom Advisory LLC now owns 1,100,864 shares of the specialty retailer’s stock valued at $24,456,000 after purchasing an additional 346,994 shares during the period. 88.73% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Nordstrom

In other news, COO Alexis Depree sold 20,000 shares of the company’s stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $23.20, for a total value 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 approximately $3,928,479.20. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.78% of the stock is currently owned by company insiders.

Nordstrom Stock Up 0.4 %

JWN opened at $21.99 on Wednesday. Nordstrom, Inc. has a one year low of $12.88 and a one year high of $24.03. The company has a debt-to-equity ratio of 2.76, a quick ratio of 0.41 and a current ratio of 1.07. The stock has a market capitalization of $3.60 billion, a P/E ratio of 12.02 and a beta of 2.60. The business’s 50-day simple moving average is $22.16 and its 200-day simple moving average is $21.27.

Nordstrom (NYSE:JWN) last released its quarterly earnings results on Tuesday, August 27th. The specialty retailer reported $0.96 EPS for the quarter, topping 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 was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.84 earnings per share. Analysts anticipate that Nordstrom, Inc. will post 1.9 EPS for the current year.

Nordstrom Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Tuesday, September 3rd were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 3.46%. The ex-dividend date was Tuesday, September 3rd. Nordstrom’s payout ratio is currently 41.53%.

Wall Street Analysts Forecast Growth

JWN has been the topic of several recent research reports. Bank of America upped 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. TD Cowen raised their target price on shares of Nordstrom from $24.00 to $25.00 and gave the company a “hold” rating in a report on Wednesday, August 28th. Barclays upgraded shares of Nordstrom from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $18.00 to $23.00 in a report on Thursday, September 5th. The Goldman Sachs Group raised their price objective on shares of Nordstrom from $19.00 to $21.00 and gave the company a “neutral” rating in a report on Wednesday, August 28th. Finally, Telsey Advisory Group lifted their price objective on shares of Nordstrom from $23.00 to $24.00 and gave the stock a “market perform” rating in a research report on Wednesday, August 28th. Three equities research 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. According to data from MarketBeat, Nordstrom has a consensus rating of “Hold” and an average target price of $20.23.

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.