Ensign Peak Advisors Inc Has $1.26 Million Stake in Nordstrom, Inc. (NYSE:JWN)

Ensign Peak Advisors Inc lifted its position in shares of Nordstrom, Inc. (NYSE:JWN) by 27.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 59,347 shares of the specialty retailer’s stock after purchasing an additional 12,700 shares during the period. Ensign Peak Advisors Inc’s holdings in Nordstrom were worth $1,259,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. CANADA LIFE ASSURANCE Co grew its holdings in Nordstrom by 0.6% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 90,144 shares of the specialty retailer’s stock valued at $1,828,000 after buying an additional 520 shares in the last quarter. State of Michigan Retirement System increased its position in Nordstrom by 2.6% during the first quarter. State of Michigan Retirement System now owns 23,908 shares of the specialty retailer’s stock worth $485,000 after acquiring an additional 600 shares during the period. Personal CFO Solutions LLC increased its position in Nordstrom by 5.7% during the fourth quarter. Personal CFO Solutions LLC now owns 11,882 shares of the specialty retailer’s stock worth $219,000 after acquiring an additional 636 shares during the period. Hexagon Capital Partners LLC increased its position in Nordstrom by 33.1% during the first quarter. Hexagon Capital Partners LLC now owns 2,648 shares of the specialty retailer’s stock worth $54,000 after acquiring an additional 659 shares during the period. Finally, Atlas Capital Advisors LLC increased its position in 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 acquiring an additional 752 shares during the period. 88.73% of the stock is owned by institutional investors and hedge funds.

Nordstrom Price Performance

JWN stock opened at $22.20 on Friday. The firm has a market cap of $3.63 billion, a P/E ratio of 12.13 and a beta of 2.61. The company has a quick ratio of 0.41, a current ratio of 1.07 and a debt-to-equity ratio of 2.76. The company’s 50-day moving average price is $22.14 and its two-hundred day moving average price is $21.08. Nordstrom, Inc. has a 12 month low of $12.88 and a 12 month high of $24.03.

Nordstrom (NYSE:JWN) last announced its quarterly earnings results on Tuesday, August 27th. The specialty retailer reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate 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 net margin of 1.44% and a negative return on equity of 21.26%. The firm’s revenue was up 3.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.84 EPS. On average, analysts anticipate that Nordstrom, Inc. will post 1.9 earnings per share for the current fiscal year.

Nordstrom Announces Dividend

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

Insider Activity 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 sale, the chief operating officer now directly owns 169,331 shares of the company’s stock, valued at approximately $3,928,479.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 5.78% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts recently commented on JWN shares. StockNews.com raised shares of Nordstrom from a “hold” rating to a “buy” rating in a research report on Thursday, August 8th. JPMorgan Chase & Co. raised their price target on shares of Nordstrom from $19.00 to $20.00 and gave the stock an “underweight” rating in a research report on Wednesday, August 28th. BMO Capital Markets raised their price target on shares of Nordstrom from $20.00 to $22.00 and gave the stock a “market perform” rating in a research report on Wednesday, August 28th. Telsey Advisory Group raised their price target on shares of Nordstrom from $23.00 to $24.00 and gave the stock a “market perform” rating in a research report on Wednesday, August 28th. Finally, 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 report on Thursday, September 5th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, Nordstrom presently 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.