Nordstrom, Inc. (NYSE:JWN) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. cut its holdings in shares of Nordstrom, Inc. (NYSE:JWN - Free Report) by 89.3% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 359,953 shares of the specialty retailer's stock after selling 3,012,035 shares during the period. Victory Capital Management Inc. owned approximately 0.22% of Nordstrom worth $8,095,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Venturi Wealth Management LLC lifted its holdings in Nordstrom by 355.9% during the third quarter. Venturi Wealth Management LLC now owns 1,272 shares of the specialty retailer's stock valued at $29,000 after purchasing an additional 993 shares in the last quarter. Atlas Capital Advisors LLC lifted its stake in Nordstrom by 101.8% in the 2nd quarter. Atlas Capital Advisors LLC now owns 1,491 shares of the specialty retailer's stock valued at $32,000 after buying an additional 752 shares in the last quarter. Rothschild Investment LLC acquired a new stake in Nordstrom in the 2nd quarter worth about $39,000. Blue Trust Inc. increased its stake in 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 buying an additional 2,411 shares in the last quarter. Finally, Point72 Hong Kong Ltd purchased a new stake in Nordstrom during the 2nd quarter worth approximately $71,000. Hedge funds and other institutional investors own 88.73% of the company's stock.

Insider Buying and Selling

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 transaction of $464,000.00. Following the sale, the chief operating officer now owns 169,331 shares of the company's stock, valued at approximately $3,928,479.20. This trade represents a 10.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 5.78% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on JWN. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $24.00 price target on shares of Nordstrom in a research note on Wednesday. JPMorgan Chase & Co. upped their target price on shares of Nordstrom from $19.00 to $20.00 and gave the stock an "underweight" rating in a report on Wednesday, August 28th. Barclays raised shares of Nordstrom from an "underweight" rating to an "equal weight" rating and raised their price target for the stock from $18.00 to $23.00 in a research note on Thursday, September 5th. StockNews.com raised shares of Nordstrom from a "hold" rating to a "buy" rating in a research note on Thursday, August 8th. Finally, TD Cowen increased their price objective on shares of Nordstrom from $24.00 to $25.00 and gave the company a "hold" rating in a report on Wednesday, August 28th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $20.58.

Nordstrom Trading Up 3.9 %

Shares of JWN traded up $0.87 during trading on Friday, reaching $23.24. 2,081,136 shares of the company traded hands, compared to its average volume of 3,027,426. The stock has a 50-day simple moving average of $22.75 and a 200-day simple moving average of $22.11. The stock has a market cap of $3.82 billion, a PE ratio of 13.08 and a beta of 2.59. Nordstrom, Inc. has a twelve month low of $14.39 and a twelve month high of $24.93. The company has a quick ratio of 0.41, a current ratio of 1.07 and a debt-to-equity ratio of 2.76.

Nordstrom (NYSE:JWN - Get Free Report) last announced its earnings results on Tuesday, August 27th. The specialty retailer reported $0.96 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.71 by $0.25. The company had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.88 billion. Nordstrom had a negative return on equity of 21.26% and a negative net margin of 1.44%. The firm's quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.84 earnings per share. On average, analysts anticipate that Nordstrom, Inc. will post 1.91 earnings per share for the current year.

Nordstrom Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Tuesday, December 3rd will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.27%. The ex-dividend date of this dividend is Tuesday, December 3rd. Nordstrom's dividend payout ratio is presently 44.44%.

Nordstrom Company Profile

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.