18,991 Shares in Nordstrom, Inc. (NYSE:JWN) Acquired by Precision Wealth Strategies LLC

Precision Wealth Strategies LLC purchased a new position in shares of Nordstrom, Inc. (NYSE:JWN) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 18,991 shares of the specialty retailer’s stock, valued at approximately $427,000.

Other institutional investors have also made changes to their positions in the company. CANADA LIFE ASSURANCE Co raised its position in Nordstrom by 0.6% during the first quarter. CANADA LIFE ASSURANCE Co now owns 90,144 shares of the specialty retailer’s stock valued at $1,828,000 after acquiring an additional 520 shares in the last quarter. State of Michigan Retirement System raised its position in shares of Nordstrom by 2.6% in the first quarter. State of Michigan Retirement System now owns 23,908 shares of the specialty retailer’s stock valued at $485,000 after purchasing an additional 600 shares during the period. Hexagon Capital Partners LLC raised its position in shares of Nordstrom by 33.1% in the first quarter. Hexagon Capital Partners LLC now owns 2,648 shares of the specialty retailer’s stock valued at $54,000 after purchasing an additional 659 shares during the period. Atlas Capital Advisors LLC raised 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 valued at $32,000 after purchasing an additional 752 shares during the period. Finally, CWM LLC raised its position in shares of Nordstrom by 28.7% in the third quarter. CWM LLC now owns 3,628 shares of the specialty retailer’s stock valued at $82,000 after purchasing an additional 810 shares during the period. 88.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

JWN has been the topic of a number of recent analyst reports. KeyCorp lowered shares of Nordstrom from an “overweight” rating to a “sector weight” rating in a research 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 company an “underweight” rating in a research report on Wednesday, August 28th. Bank of America raised their price objective on shares of Nordstrom from $18.00 to $20.00 and gave the stock an “underperform” rating in a research note on Wednesday, August 28th. The Goldman Sachs Group raised their price objective on shares of Nordstrom from $19.00 to $21.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 28th. Finally, BMO Capital Markets raised their price objective on shares of Nordstrom from $20.00 to $22.00 and gave the stock a “market perform” rating in a research note on Wednesday, August 28th. Three investment 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, the stock has a consensus rating of “Hold” and an average target price of $20.23.

Insider Activity

In related news, COO Alexis Depree sold 20,000 shares of Nordstrom stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $23.20, for a total value of $464,000.00. Following the completion of the transaction, the chief operating officer now directly owns 169,331 shares of the company’s stock, valued at $3,928,479.20. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 5.78% of the stock is owned by corporate insiders.

Nordstrom Stock Down 2.8 %

JWN opened at $23.99 on Tuesday. Nordstrom, Inc. has a fifty-two week low of $12.88 and a fifty-two week high of $24.93. The company has a debt-to-equity ratio of 2.76, a current ratio of 1.07 and a quick ratio of 0.41. The firm’s fifty day moving average price is $22.44 and its two-hundred day moving average price is $21.55. The company has a market capitalization of $3.93 billion, a P/E ratio of 13.11 and a beta of 2.60.

Nordstrom (NYSE:JWN) last issued 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 net margin of 1.44% and a negative return on equity of 21.26%. The company had revenue of $3.89 billion for the quarter, compared to the consensus estimate of $3.88 billion. During the same quarter in the previous year, the company earned $0.84 EPS. The firm’s revenue for the quarter was up 3.2% compared to the same quarter last year. On average, analysts anticipate that Nordstrom, Inc. will post 1.89 EPS for the current year.

Nordstrom Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Tuesday, September 3rd were paid a $0.19 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $0.76 annualized dividend and a dividend yield of 3.17%. Nordstrom’s dividend payout ratio is presently 41.53%.

About Nordstrom

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.