Nordstrom Target of Unusually Large Options Trading (NYSE:JWN)

Nordstrom, Inc. (NYSE:JWN - Get Free Report) was the target of unusually large options trading on Thursday. Stock traders acquired 17,013 call options on the stock. This is an increase of 264% compared to the typical volume of 4,671 call options.

Institutional Investors Weigh In On Nordstrom

A number of institutional investors and hedge funds have recently made changes to their positions in the company. 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 worth $29,000 after purchasing an additional 993 shares during the last quarter. Spire Wealth Management raised its position in shares of Nordstrom by 90.9% during the 4th quarter. Spire Wealth Management now owns 2,100 shares of the specialty retailer's stock valued at $51,000 after acquiring an additional 1,000 shares during the last quarter. Wolverine Asset Management LLC acquired a new position in shares of Nordstrom in the 4th quarter valued at $63,000. Vestcor Inc bought a new position in shares of Nordstrom in the 4th quarter worth $63,000. Finally, Blue Trust Inc. grew its stake in shares of Nordstrom by 57.7% during the third quarter. Blue Trust Inc. now owns 3,839 shares of the specialty retailer's stock worth $81,000 after purchasing an additional 1,404 shares during the period. Institutional investors own 88.73% of the company's stock.

Nordstrom Price Performance

NYSE JWN traded down $0.03 during trading hours on Monday, reaching $24.26. 2,260,266 shares of the company's stock were exchanged, compared to its average volume of 2,187,322. The firm has a fifty day moving average of $24.22 and a 200-day moving average of $23.27. Nordstrom has a one year low of $16.78 and a one year high of $24.99. The stock has a market cap of $4.00 billion, a PE ratio of 15.45 and a beta of 2.51. The company has a current ratio of 1.14, a quick ratio of 0.35 and a debt-to-equity ratio of 2.65.

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Nordstrom Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Tuesday, March 11th will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 3.13%. The ex-dividend date of this dividend is Tuesday, March 11th. Nordstrom's dividend payout ratio (DPR) is presently 48.41%.

Analyst Ratings Changes

Several research firms have issued reports on JWN. Argus downgraded Nordstrom from a "buy" rating to a "sell" rating in a report on Monday, December 30th. Bank of America raised their price objective 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. Barclays lifted their price objective on shares of Nordstrom from $23.00 to $24.00 and gave the stock an "equal weight" rating in a research report on Thursday, January 16th. Telsey Advisory Group reiterated a "market perform" rating and set a $24.00 price target on shares of Nordstrom in a report on Tuesday, February 25th. Finally, StockNews.com started coverage on shares of Nordstrom in a research report on Thursday. They issued a "buy" rating for the company. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, Nordstrom has a consensus rating of "Hold" and an average price target of $22.17.

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.