Nordstrom, Inc. (NYSE:JWN) Stock Holdings Lessened by State Street Corp

State Street Corp lowered its position in Nordstrom, Inc. (NYSE:JWN - Free Report) by 6.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,378,848 shares of the specialty retailer's stock after selling 424,517 shares during the period. State Street Corp owned approximately 3.88% of Nordstrom worth $143,460,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Blue Trust Inc. raised its position in shares of 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. Raymond James & Associates raised its holdings in shares of Nordstrom by 2.0% in the second quarter. Raymond James & Associates now owns 91,157 shares of the specialty retailer's stock worth $1,934,000 after acquiring an additional 1,747 shares during the last quarter. Lecap Asset Management Ltd. purchased a new stake in shares of Nordstrom in the second quarter valued at $1,417,000. NewSquare Capital LLC acquired a new stake in shares of Nordstrom during the second quarter valued at $7,783,000. Finally, Ceredex Value Advisors LLC purchased a new stake in Nordstrom during the 2nd quarter worth about $7,310,000. 88.73% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Nordstrom news, COO Alexis Depree sold 20,000 shares of the company's stock in a transaction that occurred 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 sale, the chief operating officer now owns 169,331 shares in the company, valued at $3,928,479.20. This represents a 10.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 5.78% of the company's stock.

Nordstrom Stock Up 3.0 %

Shares of JWN traded up $0.67 during midday trading on Friday, reaching $23.18. 1,437,270 shares of the company were exchanged, compared to its average volume of 3,025,063. The company has a current ratio of 1.14, a quick ratio of 0.35 and a debt-to-equity ratio of 2.65. Nordstrom, Inc. has a 1-year low of $16.63 and a 1-year high of $24.99. The company has a market cap of $3.82 billion, a price-to-earnings ratio of 14.76 and a beta of 2.56. The stock has a 50-day moving average price of $23.03 and a 200-day moving average price of $22.36.

Nordstrom (NYSE:JWN - Get Free Report) last released its quarterly earnings results on Tuesday, November 26th. The specialty retailer reported $0.33 earnings per share for the quarter, topping analysts' consensus estimates of $0.22 by $0.11. The firm 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%. Nordstrom's quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.25 EPS. Research analysts expect that Nordstrom, Inc. will post 1.94 earnings per share for the current year.

Nordstrom Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Tuesday, December 3rd will be paid a $0.19 dividend. The ex-dividend date 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 (DPR) is presently 48.41%.

Analyst Ratings Changes

JWN has been the topic of a number of recent research reports. UBS Group upped their target price on shares of Nordstrom from $13.00 to $14.50 and gave the company a "sell" rating in a report on Wednesday, November 27th. The Goldman Sachs Group raised their target price on shares of Nordstrom from $19.00 to $21.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 28th. 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. BMO Capital Markets increased their price target on Nordstrom from $20.00 to $22.00 and gave the stock a "market perform" rating in a research note on Wednesday, August 28th. Finally, Bank of America lifted their price objective on Nordstrom from $20.00 to $22.00 and gave the company an "underperform" rating in a research report on Wednesday, November 27th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $21.29.

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.