Nordstrom, Inc. (NYSE:JWN) Shares Bought by State of Alaska Department of Revenue

State of Alaska Department of Revenue raised its position in Nordstrom, Inc. (NYSE:JWN) by 7.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,236 shares of the specialty retailer’s stock after acquiring an additional 760 shares during the quarter. State of Alaska Department of Revenue’s holdings in Nordstrom were worth $252,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Atlas Capital Advisors LLC grew 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 in the last quarter. Rothschild Investment LLC acquired a new stake in shares of Nordstrom during the second quarter worth approximately $39,000. Blue Trust Inc. grew its position in shares of 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 buying an additional 2,411 shares in the last quarter. Point72 Hong Kong Ltd acquired a new stake in shares of Nordstrom during the second quarter worth approximately $71,000. Finally, CWM LLC grew its position in shares of Nordstrom by 28.7% during the third quarter. CWM LLC now owns 3,628 shares of the specialty retailer’s stock worth $82,000 after buying an additional 810 shares in the last quarter. Institutional investors and hedge funds own 88.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on JWN shares. Barclays raised shares of Nordstrom from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $18.00 to $23.00 in a research report on Thursday, September 5th. Telsey Advisory Group raised 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. JPMorgan Chase & Co. raised their price objective on Nordstrom from $19.00 to $20.00 and gave the stock an “underweight” rating in a research note on Wednesday, August 28th. StockNews.com upgraded Nordstrom from a “hold” rating to a “buy” rating in a research note on Thursday, August 8th. Finally, BMO Capital Markets raised their price objective on Nordstrom from $20.00 to $22.00 and gave the stock a “market perform” rating in a research note on Wednesday, August 28th. Three equities 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. According to data from MarketBeat, Nordstrom currently has an average rating of “Hold” and a consensus target price of $20.33.

Insider Activity at Nordstrom

In related news, COO Alexis Depree sold 20,000 shares of Nordstrom 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 sale, the chief operating officer now directly owns 169,331 shares in the company, valued at $3,928,479.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 5.78% of the company’s stock.

Nordstrom Stock Performance

JWN stock opened at $22.52 on Friday. 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 $3.70 billion, a price-to-earnings ratio of 13.17 and a beta of 2.59. Nordstrom, Inc. has a 1 year low of $12.88 and a 1 year high of $24.93. The stock’s fifty day moving average is $22.71 and its two-hundred day moving average is $21.90.

Nordstrom (NYSE:JWN) last issued its quarterly earnings data 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 business had revenue of $3.89 billion for the quarter, compared to analysts’ expectations of $3.88 billion. During the same period in the previous year, the business earned $0.84 earnings per share. The company’s revenue was up 3.2% on a year-over-year basis. On average, research analysts predict that Nordstrom, Inc. will post 1.89 EPS for the current year.

Nordstrom Dividend Announcement

The business also recently disclosed 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. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.37%. The ex-dividend date was Tuesday, September 3rd. Nordstrom’s dividend payout ratio is currently 44.44%.

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.