New York State Teachers Retirement System Acquires 1,862 Shares of Nordstrom, Inc. (NYSE:JWN)

New York State Teachers Retirement System boosted its holdings in shares of Nordstrom, Inc. (NYSE:JWN) by 1.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 111,737 shares of the specialty retailer’s stock after purchasing an additional 1,862 shares during the quarter. New York State Teachers Retirement System owned about 0.07% of Nordstrom worth $2,513,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the business. Atlas Capital Advisors LLC raised its position in shares of Nordstrom by 101.8% during 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 bought a new stake in Nordstrom during the second quarter worth approximately $39,000. Blue Trust Inc. raised its position in 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 purchasing an additional 2,411 shares during the period. Point72 Hong Kong Ltd bought a new stake in shares of Nordstrom in the 2nd quarter valued at approximately $71,000. Finally, CWM LLC boosted its holdings in shares of Nordstrom by 28.7% in the 3rd quarter. CWM LLC now owns 3,628 shares of the specialty retailer’s stock worth $82,000 after purchasing an additional 810 shares during the period. Institutional investors own 88.73% of the company’s stock.

Nordstrom Stock Up 1.5 %

Shares of NYSE:JWN opened at $22.91 on Friday. The business’s 50 day moving average is $22.71 and its 200 day moving average is $21.88. The stock has a market cap of $3.76 billion, a P/E ratio of 13.40 and a beta of 2.59. Nordstrom, Inc. has a 52-week low of $12.88 and a 52-week 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) last posted its quarterly earnings results 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. The business had revenue of $3.89 billion for the quarter, compared to the consensus estimate of $3.88 billion. Nordstrom had a negative return on equity of 21.26% and a negative net margin of 1.44%. The business’s revenue was up 3.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.84 EPS. Sell-side analysts predict that Nordstrom, Inc. will post 1.89 EPS for the current year.

Nordstrom Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Tuesday, September 3rd were issued a $0.19 dividend. The ex-dividend date was Tuesday, September 3rd. This represents a $0.76 annualized dividend and a dividend yield of 3.32%. Nordstrom’s dividend payout ratio is currently 44.44%.

Analyst Ratings Changes

Several analysts recently weighed in on the company. The Goldman Sachs Group increased their price target on Nordstrom from $19.00 to $21.00 and gave the company a “neutral” rating in a report on Wednesday, August 28th. Bank of America raised their target price on shares of Nordstrom from $18.00 to $20.00 and gave the stock an “underperform” rating in a report on Wednesday, August 28th. BMO Capital Markets lifted their price target on shares of Nordstrom from $20.00 to $22.00 and gave the stock a “market perform” rating in a research note on Wednesday, August 28th. Barclays raised shares of Nordstrom from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $18.00 to $23.00 in a research report on Thursday, September 5th. Finally, JPMorgan Chase & Co. boosted their target price on Nordstrom from $19.00 to $20.00 and gave the company an “underweight” rating in a research report on Wednesday, August 28th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $20.33.

Insider Transactions at Nordstrom

In related news, COO Alexis Depree sold 20,000 shares of Nordstrom 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 transaction, the chief operating officer now directly owns 169,331 shares of the company’s stock, valued at $3,928,479.20. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 5.78% of the company’s stock.

Nordstrom 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.