Nordstrom, Inc. (NYSE:JWN) Shares Bought by Quantinno Capital Management LP

Quantinno Capital Management LP raised its stake in shares of Nordstrom, Inc. (NYSE:JWN - Free Report) by 49.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 145,146 shares of the specialty retailer's stock after acquiring an additional 47,923 shares during the period. Quantinno Capital Management LP owned approximately 0.09% of Nordstrom worth $3,264,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Venturi Wealth Management LLC raised its position in Nordstrom by 355.9% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,272 shares of the specialty retailer's stock worth $29,000 after buying an additional 993 shares during the last quarter. Atlas Capital Advisors LLC raised its stake in shares of Nordstrom by 101.8% during the 2nd quarter. Atlas Capital Advisors LLC now owns 1,491 shares of the specialty retailer's stock worth $32,000 after buying an additional 752 shares in the last quarter. Rothschild Investment LLC acquired a new stake in shares of Nordstrom in the 2nd quarter valued at approximately $39,000. Blue Trust Inc. grew its holdings in Nordstrom by 10,045.8% during the second quarter. Blue Trust Inc. now owns 2,435 shares of the specialty retailer's stock worth $49,000 after acquiring an additional 2,411 shares during the period. Finally, Point72 Hong Kong Ltd acquired a new position in Nordstrom during the second quarter worth $71,000. Institutional investors and hedge funds own 88.73% of the company's stock.

Nordstrom Stock Up 0.7 %

Shares of NYSE:JWN traded up $0.15 during midday trading on Tuesday, hitting $23.08. 1,038,675 shares of the company's stock traded hands, compared to its average volume of 3,039,443. The firm's fifty day moving average price is $22.92 and its two-hundred day moving average price is $22.34. 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 twelve month low of $15.97 and a twelve month high of $24.99. The company has a market cap of $3.81 billion, a PE ratio of 14.74 and a beta of 2.56.

Nordstrom (NYSE:JWN - Get Free Report) last announced its earnings results on Tuesday, November 26th. The specialty retailer reported $0.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.22 by $0.11. The business had revenue of $3.35 billion for the quarter, compared to analyst estimates of $3.34 billion. Nordstrom had a negative return on equity of 18.04% and a negative net margin of 1.57%. The company's revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.25 earnings per share. On average, equities research analysts anticipate that Nordstrom, Inc. will post 1.93 EPS for the current fiscal year.

Nordstrom Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Tuesday, December 3rd will be given a $0.19 dividend. 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 3.29%. Nordstrom's payout ratio is currently 48.41%.

Analysts Set New Price Targets

Several brokerages have commented on JWN. Barclays upgraded shares of Nordstrom from an "underweight" rating to an "equal weight" rating and boosted their target price for the stock from $18.00 to $23.00 in a research report on Thursday, September 5th. JPMorgan Chase & Co. increased their target price on shares of Nordstrom from $19.00 to $20.00 and gave the company an "underweight" rating in a report on Wednesday, August 28th. UBS Group lifted their price target on shares of Nordstrom from $13.00 to $14.50 and gave the company a "sell" rating in a research report on Wednesday, November 27th. TD Cowen upped their price target on Nordstrom from $24.00 to $25.00 and gave the stock a "hold" rating in a report on Wednesday, August 28th. Finally, KeyCorp downgraded Nordstrom from an "overweight" rating to a "sector weight" rating in a research report on Thursday, September 26th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $21.29.

Insider Buying and Selling at Nordstrom

In other Nordstrom news, COO Alexis Depree sold 20,000 shares of the firm's 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 sale, the chief operating officer now owns 169,331 shares in the company, 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 Securities & Exchange Commission, which can be accessed through this link. 5.78% of the stock is currently owned by insiders.

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.