Nordstrom, Inc. (NYSE:JWN) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its stake in Nordstrom, Inc. (NYSE:JWN) by 17.1% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 1,422,856 shares of the specialty retailer’s stock after purchasing an additional 208,193 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Nordstrom were worth $32,000,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of JWN. Atlas Capital Advisors LLC boosted its stake in shares of 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. State of Alaska Department of Revenue boosted its stake in shares of Nordstrom by 7.3% during the third quarter. State of Alaska Department of Revenue now owns 11,236 shares of the specialty retailer’s stock worth $252,000 after buying an additional 760 shares during the period. Stephens Inc. AR boosted its stake in shares of Nordstrom by 0.5% during the third quarter. Stephens Inc. AR now owns 153,061 shares of the specialty retailer’s stock worth $3,442,000 after buying an additional 805 shares during the period. CWM LLC boosted its stake in shares of Nordstrom by 28.7% during the third quarter. CWM LLC now owns 3,628 shares of the specialty retailer’s stock worth $82,000 after buying an additional 810 shares during the period. Finally, Venturi Wealth Management LLC boosted its stake in shares of Nordstrom by 355.9% during the third quarter. Venturi Wealth Management LLC now owns 1,272 shares of the specialty retailer’s stock worth $29,000 after buying an additional 993 shares during the period. Institutional investors and hedge funds own 88.73% of the company’s stock.

Nordstrom Trading Up 1.4 %

Shares of Nordstrom stock opened at $23.19 on Wednesday. Nordstrom, Inc. has a 12-month low of $15.08 and a 12-month high of $24.99. The company has a current ratio of 1.14, a quick ratio of 0.35 and a debt-to-equity ratio of 2.65. The stock has a market cap of $3.81 billion, a PE ratio of 14.77 and a beta of 2.56. The company has a 50-day moving average of $22.85 and a two-hundred day moving average of $22.28.

Nordstrom (NYSE:JWN) last issued its earnings results on Tuesday, November 26th. The specialty retailer reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.11. Nordstrom had a negative net margin of 1.57% and a negative return on equity of 18.04%. The company had revenue of $3.35 billion during the quarter, compared to analysts’ expectations of $3.34 billion. During the same period last year, the company posted $0.25 earnings per share. The firm’s quarterly revenue was up 4.6% compared to the same quarter last year. On average, research analysts anticipate that Nordstrom, Inc. will post 1.93 EPS for the current fiscal year.

Nordstrom Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Tuesday, December 3rd will be issued a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $0.76 dividend on an annualized basis and a yield of 3.28%. Nordstrom’s dividend payout ratio (DPR) is presently 48.41%.

Insider Buying and Selling at Nordstrom

In other 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 completion of 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 10.56 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 5.78% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have recently weighed in on JWN. UBS Group increased their target price on shares of Nordstrom from $13.00 to $14.50 and gave the stock a “sell” rating in a research note on Wednesday, November 27th. The Goldman Sachs Group increased their target price on shares of Nordstrom from $19.00 to $21.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 28th. BMO Capital Markets increased their target price 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. JPMorgan Chase & Co. increased their target price on shares of Nordstrom from $19.00 to $20.00 and gave the stock an “underweight” rating in a research note on Wednesday, August 28th. Finally, Telsey Advisory Group increased their price target on shares of Nordstrom from $24.00 to $26.00 and gave the stock a “market perform” rating in a report on Wednesday, November 27th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Nordstrom has a consensus rating of “Hold” and an average target price 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.