Public Employees Retirement Association of Colorado Sells 2,319 Shares of Nordstrom, Inc. (NYSE:JWN)

Public Employees Retirement Association of Colorado decreased its holdings in shares of Nordstrom, Inc. (NYSE:JWN) by 17.2% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,142 shares of the specialty retailer’s stock after selling 2,319 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Nordstrom were worth $236,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Aveo Capital Partners LLC grew its stake in shares of Nordstrom by 11.6% in the 4th quarter. Aveo Capital Partners LLC now owns 57,941 shares of the specialty retailer’s stock worth $1,069,000 after buying an additional 6,013 shares during the last quarter. Norges Bank purchased a new position in Nordstrom during the fourth quarter valued at $23,572,000. Franklin Resources Inc. boosted its holdings in Nordstrom by 24.7% in the fourth quarter. Franklin Resources Inc. now owns 84,039 shares of the specialty retailer’s stock worth $1,551,000 after acquiring an additional 16,625 shares in the last quarter. Stephens Inc. AR grew its stake in shares of Nordstrom by 7.0% in the fourth quarter. Stephens Inc. AR now owns 145,169 shares of the specialty retailer’s stock worth $2,678,000 after acquiring an additional 9,466 shares during the last quarter. Finally, Schroder Investment Management Group increased its holdings in shares of Nordstrom by 44.9% during the fourth quarter. Schroder Investment Management Group now owns 2,648,637 shares of the specialty retailer’s stock valued at $48,867,000 after acquiring an additional 820,390 shares in the last quarter. Institutional investors own 88.73% of the company’s stock.

Nordstrom Trading Down 1.2 %

Shares of NYSE:JWN opened at $22.20 on Friday. Nordstrom, Inc. has a 52-week low of $12.88 and a 52-week high of $24.03. The stock has a market capitalization of $3.63 billion, a price-to-earnings ratio of 12.13 and a beta of 2.61. The company has a debt-to-equity ratio of 2.76, a quick ratio of 0.41 and a current ratio of 1.07. The stock’s 50-day simple moving average is $22.14 and its two-hundred day simple moving average is $21.08.

Nordstrom (NYSE:JWN) last posted its quarterly earnings data on Tuesday, August 27th. The specialty retailer reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.25. Nordstrom had a negative net margin of 1.44% and a negative return on equity of 21.26%. The company had revenue of $3.89 billion for the quarter, compared to the consensus estimate of $3.88 billion. During the same quarter last year, the firm posted $0.84 earnings per share. The firm’s revenue was up 3.2% compared to the same quarter last year. Analysts expect that Nordstrom, Inc. will post 1.9 EPS for the current year.

Nordstrom Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Tuesday, September 3rd were paid a $0.19 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $0.76 annualized dividend and a dividend yield of 3.42%. Nordstrom’s dividend payout ratio (DPR) is 41.53%.

Insider Transactions at Nordstrom

In related 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 directly owns 169,331 shares in the company, valued at $3,928,479.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 5.78% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Bank of America upped their price target on shares of Nordstrom from $18.00 to $20.00 and gave the stock an “underperform” rating in a research note on Wednesday, August 28th. Telsey Advisory Group upped their target price on shares of Nordstrom from $23.00 to $24.00 and gave the stock a “market perform” rating in a research note on Wednesday, August 28th. KeyCorp downgraded shares of Nordstrom from an “overweight” rating to a “sector weight” rating in a research report on Thursday. Barclays raised Nordstrom from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $18.00 to $23.00 in a research report on Thursday, September 5th. Finally, TD Cowen lifted their target price on Nordstrom from $24.00 to $25.00 and gave the stock a “hold” rating in a report on Wednesday, August 28th. 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. According to MarketBeat, Nordstrom currently has an average rating of “Hold” and a consensus target price of $20.23.

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.