Nordstrom, Inc. (NYSE:JWN) Shares Purchased by Verition Fund Management LLC

Verition Fund Management LLC increased its holdings in shares of Nordstrom, Inc. (NYSE:JWN - Free Report) by 147.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,218,365 shares of the specialty retailer's stock after purchasing an additional 725,803 shares during the quarter. Verition Fund Management LLC owned approximately 0.74% of Nordstrom worth $27,401,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Venturi Wealth Management LLC increased its holdings in shares of Nordstrom by 355.9% in the third 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. Atlas Capital Advisors LLC boosted its stake 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 buying an additional 752 shares during the period. Rothschild Investment LLC purchased a new stake in shares of Nordstrom in the second quarter valued at $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 purchased a new position in Nordstrom during the 2nd quarter valued at $71,000. Institutional investors own 88.73% of the company's stock.

Insider Transactions at Nordstrom

In other news, COO Alexis Depree sold 20,000 shares of Nordstrom stock in a transaction 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 transaction, the chief operating officer now owns 169,331 shares in the company, valued at $3,928,479.20. The trade was a 10.56 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 5.78% of the company's stock.

Nordstrom Stock Performance

Shares of NYSE:JWN traded up $0.09 during trading on Friday, hitting $22.71. 2,303,505 shares of the stock traded hands, compared to its average volume of 3,059,403. The company has a quick ratio of 0.41, a current ratio of 1.14 and a debt-to-equity ratio of 2.65. The company has a fifty day moving average price of $22.85 and a two-hundred day moving average price of $22.24. Nordstrom, Inc. has a 52-week low of $15.08 and a 52-week high of $24.99. The company has a market cap of $3.73 billion, a price-to-earnings ratio of 14.47 and a beta of 2.59.

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. Nordstrom had a negative return on equity of 18.04% and a negative net margin of 1.57%. The company had revenue of $3.35 billion during the quarter, compared to analysts' expectations of $3.34 billion. During the same quarter in the prior year, the firm posted $0.25 EPS. Nordstrom's quarterly revenue was up 4.6% compared to the same quarter last year. As a group, equities analysts predict that Nordstrom, Inc. will post 1.93 EPS for the current 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 $0.19 dividend. The ex-dividend date is Tuesday, December 3rd. This represents a $0.76 annualized dividend and a dividend yield of 3.35%. Nordstrom's dividend payout ratio (DPR) is presently 48.41%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. UBS Group boosted their price target on Nordstrom from $13.00 to $14.50 and gave the company a "sell" rating in a report on Wednesday. BMO Capital Markets lifted their target price on Nordstrom from $20.00 to $22.00 and gave the company a "market perform" rating in a research note on Wednesday, August 28th. StockNews.com raised shares of Nordstrom from a "buy" rating to a "strong-buy" rating in a research report on Wednesday. Telsey Advisory Group lifted their price objective on shares of Nordstrom from $24.00 to $26.00 and gave the stock a "market perform" rating in a research report on Wednesday. Finally, Evercore ISI increased their target price on shares of Nordstrom from $20.00 to $22.00 and gave the company an "in-line" rating in a research report on Wednesday. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Nordstrom 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.