Tibra Equities Europe Ltd boosted its position in shares of Nordstrom, Inc. (NYSE:JWN) by 3.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,000 shares of the specialty retailer’s stock after purchasing an additional 500 shares during the period. Tibra Equities Europe Ltd’s holdings in Nordstrom were worth $710,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. CX Institutional bought a new stake in shares of Nordstrom during the 1st quarter worth approximately $41,000. Financial Advocates Investment Management boosted its holdings in Nordstrom by 67.4% during the 4th quarter. Financial Advocates Investment Management now owns 2,357 shares of the specialty retailer’s stock valued at $58,000 after acquiring an additional 949 shares during the period. Oregon Public Employees Retirement Fund grew its position in Nordstrom by 4,156.2% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,898,862 shares of the specialty retailer’s stock valued at $62,000 after acquiring an additional 2,830,753 shares during the last quarter. We Are One Seven LLC bought a new position in Nordstrom in the 4th quarter valued at $92,000. Finally, Quantamental Technologies LLC purchased a new stake in Nordstrom in the fourth quarter worth $97,000. 66.06% of the stock is currently owned by institutional investors.
A number of brokerages have recently issued reports on JWN. Wolfe Research reissued a “peer perform” rating and set a $44.00 target price (down from $53.00) on shares of Nordstrom in a research note on Thursday, January 17th. ValuEngine upgraded shares of Nordstrom from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. Wedbush reaffirmed an “overweight” rating and issued a $75.00 price target on shares of Nordstrom in a research note on Friday, December 21st. Zacks Investment Research lowered shares of Nordstrom from a “buy” rating to a “hold” rating in a report on Wednesday, January 2nd. Finally, Deutsche Bank cut shares of Nordstrom from a “buy” rating to a “hold” rating and set a $43.30 price objective for the company. in a research report on Friday, February 22nd. Four research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $52.08.
NYSE JWN opened at $45.64 on Friday. Nordstrom, Inc. has a one year low of $42.54 and a one year high of $67.75. The company has a current ratio of 1.00, a quick ratio of 0.41 and a debt-to-equity ratio of 3.07. The stock has a market cap of $7.07 billion, a price-to-earnings ratio of 12.86, a price-to-earnings-growth ratio of 2.02 and a beta of 0.53.
Nordstrom (NYSE:JWN) last announced its quarterly earnings results on Thursday, February 28th. The specialty retailer reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.06. Nordstrom had a net margin of 3.56% and a return on equity of 57.14%. During the same period in the previous year, the firm posted $1.20 earnings per share. On average, equities research analysts expect that Nordstrom, Inc. will post 3.76 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Monday, March 11th were issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 3.24%. The ex-dividend date of this dividend was Friday, March 8th. Nordstrom’s payout ratio is 41.69%.
In related news, insider Ken Worzel sold 17,125 shares of the firm’s stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $45.00, for a total transaction of $770,625.00. Following the sale, the insider now owns 102,588 shares of the company’s stock, valued at $4,616,460. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Erik B. Nordstrom sold 17,762 shares of Nordstrom stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $44.07, for a total value of $782,771.34. Following the completion of the transaction, the insider now owns 2,653,314 shares in the company, valued at approximately $116,931,547.98. The disclosure for this sale can be found here. Insiders sold 49,180 shares of company stock valued at $2,164,864 in the last three months. 7.05% of the stock is currently owned by insiders.
Nordstrom, Inc, a fashion retailer, provides apparel, shoes, cosmetics, and accessories for women, men, young adults, and children. The company operates in two segments, Retail and Credit. The Retail segment offers a range of brand name and private label merchandise through various channels, including Nordstrom branded full-line stores and online store at Nordstrom.com; Nordstrom Rack stores; Nordstromrack.com and HauteLook; Trunk Club clubhouses and TrunkClub.com; Jeffrey boutiques; and clearance stores that operate under the Last Chance name.