Stifel Financial Corp Has $4.08 Million Stock Position in Nordstrom, Inc. (NYSE:JWN)

Stifel Financial Corp lessened its position in shares of Nordstrom, Inc. (NYSE:JWN - Free Report) by 16.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 181,210 shares of the specialty retailer's stock after selling 35,711 shares during the period. Stifel Financial Corp owned about 0.11% of Nordstrom worth $4,075,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of JWN. Venturi Wealth Management LLC boosted its position in shares of 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 in the last quarter. Atlas Capital Advisors LLC raised its holdings in Nordstrom by 101.8% during the second quarter. Atlas Capital Advisors LLC now owns 1,491 shares of the specialty retailer's stock worth $32,000 after purchasing an additional 752 shares during the last quarter. Rothschild Investment LLC acquired a new stake in Nordstrom in the second quarter valued at $39,000. Blue Trust Inc. increased its position in shares of Nordstrom by 10,045.8% in 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 in the last quarter. Finally, Point72 Hong Kong Ltd acquired a new position in shares of Nordstrom during the 2nd quarter worth $71,000. Hedge funds and other institutional investors own 88.73% of the company's stock.

Nordstrom Stock Up 0.8 %

Shares of Nordstrom stock traded up $0.18 on Monday, hitting $23.36. 1,999,430 shares of the company's stock traded hands, compared to its average volume of 3,020,823. The company has a quick ratio of 0.35, a current ratio of 1.14 and a debt-to-equity ratio of 2.65. The firm's 50-day moving average is $23.03 and its 200 day moving average is $22.38. The stock has a market cap of $3.85 billion, a P/E ratio of 14.76 and a beta of 2.56. Nordstrom, Inc. has a 52-week low of $16.63 and a 52-week high of $24.99.

Nordstrom (NYSE:JWN - Get Free Report) last issued its quarterly earnings results on Tuesday, November 26th. The specialty retailer reported $0.33 EPS for the quarter, topping the consensus estimate of $0.22 by $0.11. The business had revenue of $3.35 billion for the quarter, compared to analysts' expectations of $3.34 billion. Nordstrom had a negative net margin of 1.57% and a negative return on equity of 18.04%. The company's quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.25 earnings per share. Equities analysts anticipate that Nordstrom, Inc. will post 1.94 earnings per share for the current year.

Nordstrom Dividend Announcement

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 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 3.25%. Nordstrom's dividend payout ratio (DPR) is 48.41%.

Wall Street Analyst Weigh In

Several analysts have issued reports on JWN shares. Telsey Advisory Group upped their price target on shares of 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 boosted their price target on Nordstrom from $20.00 to $22.00 and gave the company a "market perform" rating in a report on Wednesday, August 28th. StockNews.com cut Nordstrom from a "strong-buy" rating to a "buy" rating in a report on Thursday, December 5th. JPMorgan Chase & Co. lifted their price target on Nordstrom from $19.00 to $20.00 and gave the company an "underweight" rating in a report on Wednesday, August 28th. Finally, Bank of America increased 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. Three research 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's stock. Based on data from MarketBeat.com, Nordstrom currently has an average rating of "Hold" and an average target price of $21.29.

Insider Transactions at Nordstrom

In other news, COO Alexis Depree sold 20,000 shares of the business's stock in a transaction on Tuesday, September 24th. The shares were 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 owns 169,331 shares of the company's stock, valued at approximately $3,928,479.20. The trade was a 10.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 5.78% of the company's stock.

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.