Nordstrom, Inc. (NYSE:JWN) Shares Purchased by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC increased its position in shares of Nordstrom, Inc. (NYSE:JWN) by 3.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,668 shares of the specialty retailer’s stock after acquiring an additional 1,300 shares during the period. Nisa Investment Advisors LLC’s holdings in Nordstrom were worth $1,268,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of JWN. Capital Investment Advisory Services LLC acquired a new position in Nordstrom during the 2nd quarter worth about $29,000. Edge Wealth Management LLC lifted its stake in Nordstrom by 100.0% during the 2nd quarter. Edge Wealth Management LLC now owns 1,000 shares of the specialty retailer’s stock worth $32,000 after acquiring an additional 500 shares in the last quarter. Resources Investment Advisors LLC. acquired a new position in Nordstrom during the 2nd quarter worth about $35,000. Steward Partners Investment Advisory LLC acquired a new position in Nordstrom during the 2nd quarter worth about $47,000. Finally, AdvisorNet Financial Inc lifted its stake in Nordstrom by 39.4% during the 2nd quarter. AdvisorNet Financial Inc now owns 1,770 shares of the specialty retailer’s stock worth $56,000 after acquiring an additional 500 shares in the last quarter. 64.56% of the stock is currently owned by hedge funds and other institutional investors.

JWN has been the topic of several recent research reports. KeyCorp cut their price target on Nordstrom from $52.00 to $48.00 and set an “overweight” rating on the stock in a report on Thursday, August 22nd. Wedbush upped their price target on Nordstrom from $24.00 to $36.00 and gave the stock a “neutral” rating in a report on Wednesday. UBS Group downgraded Nordstrom from a “buy” rating to a “neutral” rating and cut their price target for the stock from $65.00 to $33.00 in a report on Tuesday, July 2nd. Bank of America reiterated an “underperform” rating and issued a $29.00 price objective (down previously from $32.00) on shares of Nordstrom in a report on Thursday, August 22nd. Finally, Guggenheim reiterated a “hold” rating on shares of Nordstrom in a report on Tuesday. Four research analysts have rated the stock with a sell rating, sixteen have given a hold rating and one has assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $38.79.

Shares of JWN traded up $0.94 during mid-day trading on Friday, reaching $37.22. The company’s stock had a trading volume of 39,835 shares, compared to its average volume of 2,578,907. Nordstrom, Inc. has a 12-month low of $25.01 and a 12-month high of $67.75. The stock has a market cap of $5.68 billion, a PE ratio of 10.51, a price-to-earnings-growth ratio of 1.83 and a beta of 0.73. The company has a debt-to-equity ratio of 5.39, a current ratio of 0.79 and a quick ratio of 0.35. The company’s 50 day moving average is $33.43 and its 200 day moving average is $33.75.

Nordstrom (NYSE:JWN) last released its quarterly earnings results on Wednesday, August 21st. The specialty retailer reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.14. The firm had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.92 billion. Nordstrom had a return on equity of 62.11% and a net margin of 3.17%. The firm’s quarterly revenue was down 4.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.95 EPS. As a group, sell-side analysts anticipate that Nordstrom, Inc. will post 3.34 EPS for the current fiscal year.

In related news, insider Christine Deputy sold 1,906 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $28.53, for a total transaction of $54,378.18. Following the transaction, the insider now owns 56,913 shares in the company, valued at approximately $1,623,727.89. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 5.21% of the company’s stock.

Nordstrom Company Profile

Nordstrom, Inc, a fashion retailer, provides apparel, shoes, cosmetics, and accessories 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 full-line stores and online store at Nordstrom.com; Nordstrom Rack stores; Nordstromrack.com and HauteLook; Jeffrey boutiques; clearance stores that operate under the Last Chance name; Trunk Club clubhouses and TrunkClub.com; and Nordstrom Locals.

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Institutional Ownership by Quarter for Nordstrom (NYSE:JWN)

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