Crossmark Global Holdings Inc. Invests $835,000 in Nordstrom, Inc. (NYSE:JWN)

Crossmark Global Holdings Inc. bought a new position in shares of Nordstrom, Inc. (NYSE:JWN - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 37,133 shares of the specialty retailer's stock, valued at approximately $835,000.

A number of other institutional investors and hedge funds have also modified their holdings of JWN. Atlas Capital Advisors LLC boosted 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 acquiring an additional 752 shares in the last quarter. Rothschild Investment LLC bought a new position in Nordstrom in the second quarter valued at about $39,000. Blue Trust Inc. raised its holdings 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 purchasing an additional 2,411 shares during the last quarter. Point72 Hong Kong Ltd acquired a new position in Nordstrom during the 2nd quarter valued at about $71,000. Finally, CWM LLC boosted its stake in shares of Nordstrom by 28.7% in the 3rd 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 last quarter. 88.73% of the stock is currently owned by institutional investors and hedge funds.

Nordstrom Stock Performance

JWN traded down $0.08 during trading hours on Friday, reaching $22.94. The company's stock had a trading volume of 546,334 shares, compared to its average volume of 3,058,370. Nordstrom, Inc. has a 52 week low of $13.68 and a 52 week high of $24.93. The firm has a market cap of $3.77 billion, a PE ratio of 13.44 and a beta of 2.59. The company's 50-day moving average is $22.74 and its 200-day moving average is $22.01. The company has a debt-to-equity ratio of 2.76, a quick ratio of 0.41 and a current ratio of 1.07.

Nordstrom (NYSE:JWN - Get Free Report) last posted its earnings results on Tuesday, August 27th. The specialty retailer reported $0.96 earnings per share 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 return on equity of 21.26% and a negative net margin of 1.44%. The company's revenue was up 3.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.84 earnings per share. On average, equities analysts forecast that Nordstrom, Inc. will post 1.91 EPS for the current year.

Nordstrom Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Tuesday, September 3rd were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 3.31%. The ex-dividend date was Tuesday, September 3rd. Nordstrom's dividend payout ratio (DPR) is currently 44.44%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. StockNews.com upgraded Nordstrom from a "hold" rating to a "buy" rating in a research report on Thursday, August 8th. JPMorgan Chase & Co. raised their price objective on Nordstrom from $19.00 to $20.00 and gave the stock an "underweight" rating in a research note on Wednesday, August 28th. Bank of America increased their price target on Nordstrom from $18.00 to $20.00 and gave the stock an "underperform" rating in a report on Wednesday, August 28th. The Goldman Sachs Group increased their target price on Nordstrom from $19.00 to $21.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 28th. Finally, Barclays raised shares of Nordstrom from an "underweight" rating to an "equal weight" rating and increased their price objective for the stock from $18.00 to $23.00 in a research report on Thursday, September 5th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $20.33.

Insider Activity at Nordstrom

In other news, COO Alexis Depree sold 20,000 shares of the stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $23.20, for a total transaction of $464,000.00. Following the transaction, the chief operating officer now owns 169,331 shares of the company's stock, valued at $3,928,479.20. This represents a 10.56 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 5.78% of the stock is owned by company insiders.

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.