Mutual of America Capital Management LLC Decreases Stake in Nordstrom, Inc. (NYSE:JWN)

Mutual of America Capital Management LLC lessened its position in shares of Nordstrom, Inc. (NYSE:JWN) by 7.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,183 shares of the specialty retailer’s stock after selling 3,902 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Nordstrom were worth $1,174,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in JWN. CANADA LIFE ASSURANCE Co increased its position in Nordstrom by 0.6% in the first quarter. CANADA LIFE ASSURANCE Co now owns 90,144 shares of the specialty retailer’s stock worth $1,828,000 after purchasing an additional 520 shares during the last quarter. Atlas Capital Advisors LLC increased its holdings in shares of Nordstrom by 101.8% in the 2nd 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 during the last quarter. State of Alaska Department of Revenue lifted its holdings in shares of Nordstrom by 7.3% in the 3rd quarter. State of Alaska Department of Revenue now owns 11,236 shares of the specialty retailer’s stock valued at $252,000 after acquiring an additional 760 shares during the last quarter. Stephens Inc. AR grew its position in Nordstrom by 0.5% in the third quarter. Stephens Inc. AR now owns 153,061 shares of the specialty retailer’s stock worth $3,442,000 after acquiring an additional 805 shares in the last quarter. Finally, CWM LLC increased its stake in 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 acquiring an additional 810 shares during the last quarter. Institutional investors own 88.73% of the company’s stock.

Insider Buying and Selling at Nordstrom

In other news, COO Alexis Depree sold 20,000 shares of the stock in a transaction on 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 owns 169,331 shares in the company, valued at approximately $3,928,479.20. This represents a 10.56 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 5.78% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Barclays upgraded Nordstrom from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $18.00 to $23.00 in a report on Thursday, September 5th. BMO Capital Markets boosted their price objective on shares of Nordstrom from $20.00 to $22.00 and gave the company a “market perform” rating in a research report on Wednesday, August 28th. KeyCorp lowered shares of Nordstrom from an “overweight” rating to a “sector weight” rating in a report on Thursday, September 26th. JPMorgan Chase & Co. lifted their price target on shares of Nordstrom from $19.00 to $20.00 and gave the stock an “underweight” rating in a research note on Wednesday, August 28th. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $24.00 price objective on shares of Nordstrom in a research report on Wednesday, November 20th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $20.58.

Nordstrom Price Performance

JWN opened at $24.93 on Tuesday. The company has a market capitalization of $4.09 billion, a price-to-earnings ratio of 14.58 and a beta of 2.59. 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 12-month low of $14.65 and a 12-month high of $24.99. The business’s fifty day simple moving average is $22.82 and its 200-day simple moving average is $22.20.

Nordstrom (NYSE:JWN) last issued its quarterly earnings data on Tuesday, August 27th. The specialty retailer reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.25. The company had revenue of $3.89 billion during the quarter, compared to the consensus estimate of $3.88 billion. Nordstrom had a negative net margin of 1.44% and a negative return on equity of 21.26%. Nordstrom’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.84 earnings per share. On average, equities research analysts anticipate that Nordstrom, Inc. will post 1.91 earnings per share for the current fiscal year.

Nordstrom Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Tuesday, December 3rd will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $0.76 dividend on an annualized basis and a yield of 3.05%. Nordstrom’s payout ratio is 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.