Nordstrom, Inc. (NYSE:JWN) Shares Bought by Venturi Wealth Management LLC

Venturi Wealth Management LLC boosted its stake in shares of Nordstrom, Inc. (NYSE:JWN) by 355.9% during the 3rd quarter, Holdings Channel reports. The firm owned 1,272 shares of the specialty retailer’s stock after acquiring an additional 993 shares during the quarter. Venturi Wealth Management LLC’s holdings in Nordstrom were worth $29,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of JWN. Allspring Global Investments Holdings LLC grew its stake in Nordstrom by 26.9% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 6,824 shares of the specialty retailer’s stock valued at $138,000 after purchasing an additional 1,448 shares during the last quarter. Swiss National Bank raised its position in Nordstrom by 0.5% during the 1st quarter. Swiss National Bank now owns 208,200 shares of the specialty retailer’s stock worth $4,220,000 after buying an additional 1,100 shares during the last quarter. State Board of Administration of Florida Retirement System lifted its stake in Nordstrom by 2.9% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 128,937 shares of the specialty retailer’s stock valued at $2,614,000 after acquiring an additional 3,686 shares during the period. Mitsubishi UFJ Trust & Banking Corp boosted its holdings in shares of Nordstrom by 2.1% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 199,586 shares of the specialty retailer’s stock valued at $4,024,000 after acquiring an additional 4,187 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Nordstrom by 5.7% in the first quarter. Vanguard Group Inc. now owns 10,653,007 shares of the specialty retailer’s stock worth $215,936,000 after acquiring an additional 579,001 shares during the period. Institutional investors and hedge funds own 88.73% of the company’s stock.

Nordstrom Stock Down 0.7 %

Shares of NYSE JWN opened at $22.87 on Friday. The firm has a market cap of $3.76 billion, a price-to-earnings ratio of 13.37 and a beta of 2.59. The company’s 50-day simple moving average is $22.74 and its 200-day simple moving average is $22.03. 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, Inc. has a 52-week low of $13.68 and a 52-week high of $24.93.

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 the consensus estimate of $0.71 by $0.25. Nordstrom had a negative return on equity of 21.26% and a negative net margin of 1.44%. The company had revenue of $3.89 billion for the quarter, compared to analysts’ expectations of $3.88 billion. During the same period in the previous year, the firm posted $0.84 EPS. Nordstrom’s revenue was up 3.2% compared to the same quarter last year. Equities analysts predict that Nordstrom, Inc. will post 1.91 EPS for the current fiscal year.

Nordstrom Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. The Goldman Sachs Group boosted their target price on shares of Nordstrom from $19.00 to $21.00 and gave the company a “neutral” rating in a research report on Wednesday, August 28th. Barclays upgraded Nordstrom from an “underweight” rating to an “equal weight” rating and upped their target price for the stock from $18.00 to $23.00 in a research note on Thursday, September 5th. StockNews.com raised Nordstrom from a “hold” rating to a “buy” rating in a report on Thursday, August 8th. JPMorgan Chase & Co. boosted 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, Telsey Advisory Group raised their price objective 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. 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 stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $20.33.

Insider Activity at Nordstrom

In other Nordstrom news, COO Alexis Depree sold 20,000 shares of Nordstrom 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 sale, the chief operating officer now owns 169,331 shares of the company’s stock, valued at $3,928,479.20. The trade was a 10.56 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 5.78% of the stock is owned by corporate insiders.

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.