Nordstrom, Inc. (NYSE:JWN) Shares Acquired by Cwm LLC

Cwm LLC boosted its holdings in Nordstrom, Inc. (NYSE:JWN) by 28.7% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 3,628 shares of the specialty retailer’s stock after purchasing an additional 810 shares during the quarter. Cwm LLC’s holdings in Nordstrom were worth $82,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Axiom Advisory LLC raised 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 buying an additional 346,994 shares during the period. SG Americas Securities LLC raised its stake in shares of Nordstrom by 55.6% during the third quarter. SG Americas Securities LLC now owns 63,417 shares of the specialty retailer’s stock valued at $1,426,000 after purchasing an additional 22,650 shares during the period. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Nordstrom during the second quarter valued at approximately $560,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Nordstrom during the second quarter valued at approximately $191,000. Finally, Sanctuary Advisors LLC purchased a new stake in shares of Nordstrom during the second quarter valued at approximately $415,000. Hedge funds and other institutional investors own 88.73% of the company’s stock.

Insider Buying and Selling at Nordstrom

In other Nordstrom 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.78% of the stock is owned by corporate insiders.

Nordstrom Stock Performance

JWN stock opened at $22.73 on Friday. The company has a market capitalization of $3.73 billion, a P/E ratio of 13.29 and a beta of 2.60. The company has a 50-day simple moving average of $22.49 and a 200 day simple moving average of $21.62. Nordstrom, Inc. has a fifty-two week low of $12.88 and a fifty-two week high of $24.93. 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 (NYSE:JWN) last posted its quarterly earnings data on Tuesday, August 27th. The specialty retailer reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.25. The business 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%. The company’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.84 earnings per share. Sell-side analysts predict that Nordstrom, Inc. will post 1.89 earnings per share for the current fiscal 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 issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 3.34%. The ex-dividend date was Tuesday, September 3rd. Nordstrom’s payout ratio is currently 44.44%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. 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 target 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. TD Cowen raised their price target on shares of Nordstrom from $24.00 to $25.00 and gave the stock a “hold” rating in a research report on Wednesday, August 28th. BMO Capital Markets lifted their price objective on shares of Nordstrom from $20.00 to $22.00 and gave the stock a “market perform” rating in a report on Wednesday, August 28th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Nordstrom from $19.00 to $20.00 and gave the stock an “underweight” rating in a report on Wednesday, August 28th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $20.33.

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.