Hotchkis & Wiley Capital Management LLC Buys Shares of 274,410 Nordstrom, Inc. (NYSE:JWN)

Hotchkis & Wiley Capital Management LLC bought a new position in shares of Nordstrom, Inc. (NYSE:JWN - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 274,410 shares of the specialty retailer's stock, valued at approximately $6,171,000. Hotchkis & Wiley Capital Management LLC owned approximately 0.17% of Nordstrom as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of JWN. Verition Fund Management LLC lifted its position in shares of Nordstrom by 147.4% during the 3rd quarter. Verition Fund Management LLC now owns 1,218,365 shares of the specialty retailer's stock valued at $27,401,000 after acquiring an additional 725,803 shares during the period. American Century Companies Inc. lifted its holdings in Nordstrom by 66.2% during the second quarter. American Century Companies Inc. now owns 1,661,227 shares of the specialty retailer's stock worth $35,251,000 after acquiring an additional 661,769 shares during the period. Marshall Wace LLP boosted its holdings in shares of Nordstrom by 38.4% in the 2nd quarter. Marshall Wace LLP now owns 1,479,414 shares of the specialty retailer's stock worth $31,393,000 after buying an additional 410,152 shares during the last quarter. NewSquare Capital LLC purchased a new stake in shares of Nordstrom during the 2nd quarter worth approximately $7,783,000. Finally, Axiom Advisory LLC raised its stake in shares of 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. 88.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have weighed in on JWN shares. UBS Group raised their price target on Nordstrom from $13.00 to $14.50 and gave the company a "sell" rating in a report on Wednesday, November 27th. StockNews.com downgraded shares of Nordstrom from a "strong-buy" rating to a "buy" rating in a report on Thursday. Evercore ISI upped their price target on shares of Nordstrom from $20.00 to $22.00 and gave the company an "in-line" rating in a research note on Wednesday, November 27th. TD Cowen increased their price target on Nordstrom from $24.00 to $25.00 and gave the company a "hold" rating in a report on Wednesday, August 28th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Nordstrom from $19.00 to $20.00 and gave the company an "underweight" rating in a research note on Wednesday, August 28th. Three equities research 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. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $21.29.

Insider Activity

In other Nordstrom news, COO Alexis Depree sold 20,000 shares of the 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 directly owns 169,331 shares of the company's stock, valued at approximately $3,928,479.20. This represents a 10.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 5.78% of the stock is owned by corporate insiders.

Nordstrom Stock Down 1.1 %

Shares of NYSE:JWN traded down $0.26 during midday trading on Friday, hitting $23.20. 2,047,487 shares of the stock were exchanged, compared to its average volume of 3,048,277. The company has a market capitalization of $3.81 billion, a PE ratio of 14.95 and a beta of 2.56. The business's fifty day simple moving average is $22.90 and its two-hundred day simple moving average is $22.30. The company has a debt-to-equity ratio of 2.65, a quick ratio of 0.35 and a current ratio of 1.14. Nordstrom, Inc. has a 52-week low of $15.12 and a 52-week high of $24.99.

Nordstrom (NYSE:JWN - Get Free Report) last released its earnings results on Tuesday, November 26th. The specialty retailer reported $0.33 EPS for the quarter, beating the consensus estimate of $0.22 by $0.11. The company had revenue of $3.35 billion during the quarter, compared to analysts' expectations of $3.34 billion. Nordstrom had a negative return on equity of 18.04% and a negative net margin of 1.57%. The business's revenue for the quarter was up 4.6% on a year-over-year basis. During the same period last year, the firm earned $0.25 EPS. As a group, research analysts predict that Nordstrom, Inc. will post 1.93 earnings per share for the current fiscal year.

Nordstrom Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Tuesday, December 3rd will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.28%. The ex-dividend date of this dividend is Tuesday, December 3rd. Nordstrom's dividend payout ratio is presently 48.41%.

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.