Teachers Retirement System of The State of Kentucky Lowers Position in Nordstrom, Inc. (NYSE:JWN)

Teachers Retirement System of The State of Kentucky decreased its holdings in shares of Nordstrom, Inc. (NYSE:JWN) by 58.9% during the third quarter, according to its most recent filing with the SEC. The firm owned 38,422 shares of the specialty retailer’s stock after selling 55,148 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Nordstrom were worth $864,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of JWN. Venturi Wealth Management LLC raised its stake in Nordstrom by 355.9% in 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 in the last quarter. Atlas Capital Advisors LLC boosted 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 valued at $32,000 after purchasing an additional 752 shares in the last quarter. Rothschild Investment LLC bought a new stake in Nordstrom during the second quarter valued at about $39,000. Blue Trust Inc. raised its holdings in Nordstrom by 10,045.8% in the second quarter. Blue Trust Inc. now owns 2,435 shares of the specialty retailer’s stock worth $49,000 after purchasing an additional 2,411 shares in the last quarter. Finally, Point72 Hong Kong Ltd purchased a new stake in shares of Nordstrom during the second quarter valued at about $71,000. Institutional investors own 88.73% of the company’s stock.

Insider Activity at Nordstrom

In other Nordstrom news, COO Alexis Depree sold 20,000 shares of Nordstrom stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $23.20, for a total value of $464,000.00. Following the completion of the transaction, the chief operating officer now owns 169,331 shares of the company’s stock, valued at approximately $3,928,479.20. The trade was a 10.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 5.78% of the company’s stock.

Nordstrom Trading Down 1.2 %

Shares of Nordstrom stock opened at $22.89 on Thursday. Nordstrom, Inc. has a 1 year low of $16.63 and a 1 year high of $24.99. The company has a debt-to-equity ratio of 2.65, a current ratio of 1.14 and a quick ratio of 0.35. The stock has a market cap of $3.77 billion, a PE ratio of 14.58 and a beta of 2.56. The firm has a fifty day moving average price of $23.10 and a 200 day moving average price of $22.40.

Nordstrom (NYSE:JWN) last issued its quarterly earnings data on Tuesday, November 26th. The specialty retailer reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.11. The business had revenue of $3.35 billion during the quarter, compared to analysts’ expectations of $3.34 billion. Nordstrom had a negative return on equity of 18.04% and a negative net margin of 1.57%. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.25 EPS. Equities research analysts predict that Nordstrom, Inc. will post 1.94 earnings per share for the current year.

Nordstrom Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Tuesday, December 3rd were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 3.32%. The ex-dividend date was Tuesday, December 3rd. Nordstrom’s dividend payout ratio (DPR) is 48.41%.

Analyst Ratings Changes

Several research analysts recently commented on the stock. The Goldman Sachs Group boosted their price objective 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. StockNews.com cut Nordstrom from a “strong-buy” rating to a “buy” rating in a research report on Thursday, December 5th. BMO Capital Markets upped their target price on Nordstrom from $20.00 to $22.00 and gave the company a “market perform” rating in a research report on Wednesday, August 28th. JPMorgan Chase & Co. raised their price target on Nordstrom from $19.00 to $20.00 and gave the stock an “underweight” rating in a report on Wednesday, August 28th. Finally, Evercore ISI upped their price objective on shares of Nordstrom from $20.00 to $22.00 and gave the company an “in-line” rating in a report on Wednesday, November 27th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $21.29.

Nordstrom 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.