Personal CFO Solutions LLC Takes $215,000 Position in Nordstrom, Inc. (NYSE:JWN)

Personal CFO Solutions LLC bought a new stake in shares of Nordstrom, Inc. (NYSE:JWN) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 10,521 shares of the specialty retailer’s stock, valued at approximately $215,000.

Other institutional investors have also recently modified their holdings of the company. Prudential Financial Inc. lifted its position in shares of Nordstrom by 3.4% during the 1st quarter. Prudential Financial Inc. now owns 12,666 shares of the specialty retailer’s stock worth $344,000 after buying an additional 415 shares during the last quarter. HighTower Advisors LLC lifted its position in shares of Nordstrom by 0.8% during the 1st quarter. HighTower Advisors LLC now owns 58,656 shares of the specialty retailer’s stock worth $1,592,000 after buying an additional 494 shares during the last quarter. US Bancorp DE lifted its position in shares of Nordstrom by 0.7% during the 2nd quarter. US Bancorp DE now owns 72,403 shares of the specialty retailer’s stock worth $1,482,000 after buying an additional 505 shares during the last quarter. Guggenheim Capital LLC lifted its position in shares of Nordstrom by 4.2% during the 1st quarter. Guggenheim Capital LLC now owns 14,001 shares of the specialty retailer’s stock worth $380,000 after buying an additional 568 shares during the last quarter. Finally, First Republic Investment Management Inc. lifted its position in shares of Nordstrom by 2.1% during the 1st quarter. First Republic Investment Management Inc. now owns 33,586 shares of the specialty retailer’s stock worth $546,000 after buying an additional 704 shares during the last quarter. 62.56% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on JWN shares. Citigroup dropped their price objective on Nordstrom from $20.00 to $18.00 and set a “neutral” rating for the company in a research report on Friday, August 25th. StockNews.com assumed coverage on Nordstrom in a research report on Thursday, October 5th. They issued a “buy” rating for the company. Telsey Advisory Group reissued a “market perform” rating and set a $19.00 price target on shares of Nordstrom in a research note on Thursday, November 16th. UBS Group cut their price target on Nordstrom from $12.00 to $11.00 and set a “sell” rating on the stock in a research note on Friday, August 25th. Finally, JPMorgan Chase & Co. cut their price target on Nordstrom from $21.00 to $20.00 in a research note on Sunday, August 27th. Five equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $17.75.

Nordstrom Stock Up 0.6 %

Shares of NYSE:JWN opened at $15.18 on Tuesday. The stock has a market cap of $2.45 billion, a price-to-earnings ratio of 84.33, a PEG ratio of 0.99 and a beta of 2.43. The company has a quick ratio of 0.43, a current ratio of 0.99 and a debt-to-equity ratio of 3.87. Nordstrom, Inc. has a 12-month low of $12.88 and a 12-month high of $27.15. The business’s 50 day moving average is $14.28 and its 200 day moving average is $17.01.

Nordstrom (NYSE:JWN) last announced its earnings results on Thursday, August 24th. The specialty retailer reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.39. Nordstrom had a return on equity of 46.55% and a net margin of 0.21%. The company had revenue of $3.77 billion for the quarter, compared to analysts’ expectations of $3.68 billion. During the same quarter in the previous year, the firm earned $0.81 earnings per share. Nordstrom’s quarterly revenue was down 7.9% on a year-over-year basis. On average, sell-side analysts forecast that Nordstrom, Inc. will post 2.01 earnings per share for the current fiscal year.

Nordstrom Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 13th. Shareholders of record on Tuesday, November 28th will be given a $0.19 dividend. The ex-dividend date of this dividend is Monday, November 27th. This represents a $0.76 annualized dividend and a yield of 5.01%. Nordstrom’s dividend payout ratio is currently 422.22%.

Insiders Place Their Bets

In other Nordstrom news, insider Gemma Lionello sold 32,916 shares of the business’s stock in a transaction on Thursday, October 5th. The stock was sold at an average price of $14.36, for a total value of $472,673.76. Following the transaction, the insider now owns 39,973 shares of the company’s stock, valued at $574,012.28. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 5.90% of the company’s stock.

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; and clearance stores under the Last Chance name.