Nordstrom, Inc. (NYSE:JWN) Shares Purchased by Point72 Asset Management L.P.

Point72 Asset Management L.P. lifted its position in Nordstrom, Inc. (NYSE:JWNFree Report) by 190.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 59,678 shares of the specialty retailer’s stock after purchasing an additional 39,104 shares during the quarter. Point72 Asset Management L.P.’s holdings in Nordstrom were worth $1,342,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in JWN. Venturi Wealth Management LLC boosted its position in shares of Nordstrom by 355.9% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,272 shares of the specialty retailer’s stock valued at $29,000 after purchasing an additional 993 shares during the period. Atlas Capital Advisors LLC boosted its position 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 valued at $32,000 after purchasing an additional 752 shares during the period. Rothschild Investment LLC acquired a new stake in Nordstrom during the 2nd quarter worth approximately $39,000. Blue Trust Inc. lifted its position in Nordstrom by 10,045.8% during the 2nd quarter. Blue Trust Inc. now owns 2,435 shares of the specialty retailer’s stock worth $49,000 after acquiring an additional 2,411 shares during the period. Finally, Point72 Hong Kong Ltd acquired a new stake in Nordstrom during the 2nd quarter worth approximately $71,000. 88.73% of the stock is owned by institutional investors and hedge funds.

Nordstrom Stock Performance

NYSE JWN opened at $22.96 on Wednesday. Nordstrom, Inc. has a 1-year low of $15.97 and a 1-year high of $24.99. The company has a market capitalization of $3.79 billion, a P/E ratio of 14.62 and a beta of 2.56. The business has a 50 day moving average price of $22.92 and a 200 day moving average price of $22.34. The company has a debt-to-equity ratio of 2.65, a current ratio of 1.14 and a quick ratio of 0.35.

Nordstrom (NYSE:JWNGet Free Report) last released its quarterly earnings data on Tuesday, November 26th. The specialty retailer reported $0.33 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $3.35 billion during the quarter, compared to the consensus estimate of $3.34 billion. During the same period last year, the business posted $0.25 EPS. Nordstrom’s quarterly revenue was up 4.6% on a year-over-year basis. Sell-side analysts expect that Nordstrom, Inc. will post 1.93 EPS for the current fiscal year.

Nordstrom Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Tuesday, December 3rd will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 3.31%. The ex-dividend date of this dividend is Tuesday, December 3rd. Nordstrom’s payout ratio is currently 48.41%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on JWN. Bank of America increased their price objective on Nordstrom from $20.00 to $22.00 and gave the stock an “underperform” rating in a research report on Wednesday, November 27th. UBS Group increased their price objective on Nordstrom from $13.00 to $14.50 and gave the stock a “sell” rating in a research report on Wednesday, November 27th. TD Cowen increased their price objective on Nordstrom from $24.00 to $25.00 and gave the stock a “hold” rating in a research report on Wednesday, August 28th. Telsey Advisory Group increased their price objective on Nordstrom from $24.00 to $26.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 27th. Finally, Evercore ISI increased their price objective on Nordstrom from $20.00 to $22.00 and gave the stock an “in-line” rating in a research report on Wednesday, November 27th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, Nordstrom presently has a consensus rating of “Hold” and a consensus price target of $21.29.

Check Out Our Latest Stock Analysis on Nordstrom

Insider Activity at Nordstrom

In other Nordstrom news, COO Alexis Depree sold 20,000 shares of the firm’s 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 transaction, the chief operating officer now owns 169,331 shares of the company’s stock, valued at approximately $3,928,479.20. This trade represents a 10.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 5.78% of the stock is currently owned by company insiders.

Nordstrom Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Nordstrom (NYSE:JWN)

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