Nordstrom, Inc. (NYSE:JWN) Shares Bought by Creative Planning

Creative Planning lifted its holdings in shares of Nordstrom, Inc. (NYSE:JWN) by 22.9% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,025 shares of the specialty retailer’s stock after purchasing an additional 2,238 shares during the quarter. Creative Planning’s holdings in Nordstrom were worth $270,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Atlas Capital Advisors LLC boosted its position in shares of Nordstrom by 101.8% in the second quarter. Atlas Capital Advisors LLC now owns 1,491 shares of the specialty retailer’s stock worth $32,000 after acquiring an additional 752 shares during the last quarter. Rothschild Investment LLC acquired a new position in shares of Nordstrom in the 2nd quarter valued at $39,000. Blue Trust Inc. grew its stake in shares of Nordstrom by 10,045.8% during the 2nd quarter. Blue Trust Inc. now owns 2,435 shares of the specialty retailer’s stock valued at $49,000 after buying an additional 2,411 shares during the period. Point72 Hong Kong Ltd acquired a new stake in shares of Nordstrom during the 2nd quarter worth $71,000. Finally, CWM LLC raised its position in shares of Nordstrom by 28.7% in the 3rd quarter. CWM LLC now owns 3,628 shares of the specialty retailer’s stock worth $82,000 after buying an additional 810 shares during the period. 88.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

JWN has been the topic of a number of research reports. StockNews.com upgraded Nordstrom from a “hold” rating to a “buy” rating in a report on Thursday, August 8th. JPMorgan Chase & Co. lifted their price target on shares of Nordstrom from $19.00 to $20.00 and gave the company an “underweight” rating in a research report on Wednesday, August 28th. TD Cowen increased their price objective 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 target price on shares of Nordstrom from $20.00 to $22.00 and gave the company a “market perform” rating in a report on Wednesday, August 28th. Finally, Bank of America upped their price target on shares of Nordstrom from $18.00 to $20.00 and gave the stock an “underperform” 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 issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $20.33.

Insider Buying and Selling

In other news, COO Alexis Depree sold 20,000 shares of the stock in a transaction that occurred on 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 $3,928,479.20. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 5.78% of the company’s stock.

Nordstrom Stock Performance

NYSE:JWN opened at $22.52 on Friday. The company has a current ratio of 1.07, a quick ratio of 0.41 and a debt-to-equity ratio of 2.76. The company has a 50-day moving average of $22.71 and a 200-day moving average of $21.90. Nordstrom, Inc. has a twelve month low of $12.88 and a twelve month high of $24.93. The firm has a market cap of $3.70 billion, a price-to-earnings ratio of 13.17 and a beta of 2.59.

Nordstrom (NYSE:JWN) last announced its earnings results on Tuesday, August 27th. The specialty retailer reported $0.96 EPS for the quarter, beating the consensus estimate of $0.71 by $0.25. Nordstrom had a negative return on equity of 21.26% and a negative net margin of 1.44%. The business had revenue of $3.89 billion during the quarter, compared to the consensus estimate of $3.88 billion. During the same period in the prior year, the business posted $0.84 earnings per share. Nordstrom’s revenue was up 3.2% compared to the same quarter last year. Analysts forecast that Nordstrom, Inc. will post 1.89 earnings per share for the current fiscal year.

Nordstrom Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Investors 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 3.37%. The ex-dividend date was Tuesday, September 3rd. Nordstrom’s payout ratio is 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.