Nordstrom, Inc. (NYSE:JWN) Short Interest Down 5.7% in November

Nordstrom, Inc. (NYSE:JWN - Get Free Report) saw a significant drop in short interest during the month of November. As of November 15th, there was short interest totalling 10,720,000 shares, a drop of 5.7% from the October 31st total of 11,370,000 shares. Based on an average daily volume of 2,300,000 shares, the days-to-cover ratio is currently 4.7 days. Currently, 11.3% of the shares of the company are short sold.

Nordstrom Price Performance

JWN traded up $0.31 during trading on Tuesday, hitting $23.19. 2,957,760 shares of the company traded hands, compared to its average volume of 3,060,940. The company has a market cap of $3.81 billion, a PE ratio of 14.77 and a beta of 2.56. Nordstrom has a 1 year low of $15.08 and a 1 year high of $24.99. The company has a current ratio of 1.14, a quick ratio of 0.35 and a debt-to-equity ratio of 2.65. The stock's 50-day simple moving average is $22.85 and its two-hundred day simple moving average is $22.28.

Nordstrom (NYSE:JWN - Get Free Report) last issued its earnings results on Tuesday, November 26th. The specialty retailer reported $0.33 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analysts' expectations of $3.34 billion. During the same period in the previous year, the firm posted $0.25 earnings per share. The business's revenue was up 4.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Nordstrom will post 1.93 earnings per share for the current fiscal year.

Nordstrom Dividend Announcement

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

Wall Street Analyst Weigh In

JWN has been the topic of a number of research reports. 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 report on Wednesday, August 28th. Bank of America lifted their price target on shares of Nordstrom from $20.00 to $22.00 and gave the stock an "underperform" rating in a research note on Wednesday, November 27th. Telsey Advisory Group boosted their price target on Nordstrom from $24.00 to $26.00 and gave the company a "market perform" rating in a report on Wednesday, November 27th. StockNews.com raised Nordstrom from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, November 27th. Finally, Evercore ISI boosted their price objective on Nordstrom from $20.00 to $22.00 and gave the company an "in-line" rating in a research note on Wednesday, November 27th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $21.29.

Insider Buying and Selling

In other Nordstrom news, COO Alexis Depree sold 20,000 shares of the firm's 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 transaction, the chief operating officer now directly 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 5.78% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Nordstrom

Large investors have recently bought and sold shares of the business. Venturi Wealth Management LLC raised its holdings in Nordstrom by 355.9% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,272 shares of the specialty retailer's stock valued at $29,000 after buying an additional 993 shares during the period. Atlas Capital Advisors LLC raised its stake 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 acquiring an additional 752 shares during the period. Rothschild Investment LLC bought a new stake in Nordstrom in the second quarter worth about $39,000. Blue Trust Inc. boosted its position in shares of Nordstrom by 10,045.8% during the second 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. Finally, Point72 Hong Kong Ltd bought a new position in shares of Nordstrom during the second quarter valued at approximately $71,000. Institutional investors own 88.73% of the company's stock.

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.