WINTON GROUP Ltd Has $1.13 Million Position in Nordstrom, Inc. (NYSE:JWN)

WINTON GROUP Ltd cut its stake in shares of Nordstrom, Inc. (NYSE:JWN) by 5.8% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 53,456 shares of the specialty retailer’s stock after selling 3,271 shares during the period. WINTON GROUP Ltd’s holdings in Nordstrom were worth $1,134,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Nordstrom during the 4th quarter valued at $23,572,000. Dimensional Fund Advisors LP increased its position in Nordstrom by 64.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,829,662 shares of the specialty retailer’s stock worth $52,212,000 after purchasing an additional 1,104,604 shares during the last quarter. Schroder Investment Management Group raised its stake in shares of Nordstrom by 44.9% during the 4th quarter. Schroder Investment Management Group now owns 2,648,637 shares of the specialty retailer’s stock worth $48,867,000 after purchasing an additional 820,390 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Nordstrom by 66.2% during the 2nd quarter. American Century Companies Inc. now owns 1,661,227 shares of the specialty retailer’s stock valued at $35,251,000 after buying an additional 661,769 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of Nordstrom by 5.7% in the 1st quarter. Vanguard Group Inc. now owns 10,653,007 shares of the specialty retailer’s stock valued at $215,936,000 after buying an additional 579,001 shares in the last quarter. Institutional investors and hedge funds own 88.73% of the company’s stock.

Nordstrom Stock Down 0.4 %

Shares of JWN stock opened at $22.40 on Monday. The stock has a market cap of $3.67 billion, a P/E ratio of 12.24, a price-to-earnings-growth ratio of 2.38 and a beta of 2.61. The company has a debt-to-equity ratio of 2.76, a current ratio of 1.07 and a quick ratio of 0.41. The stock has a fifty day moving average price of $22.17 and a 200 day moving average price of $20.85. Nordstrom, Inc. has a one year low of $12.88 and a one year high of $24.03.

Nordstrom (NYSE:JWN) last issued its earnings results on Tuesday, August 27th. The specialty retailer reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.25. Nordstrom had a negative net margin of 1.44% and a negative return on equity of 21.26%. The business had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.88 billion. During the same period in the previous year, the business earned $0.84 EPS. The firm’s revenue was up 3.2% on a year-over-year basis. Analysts predict that Nordstrom, Inc. will post 1.9 earnings per share for the current year.

Nordstrom Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 18th. Shareholders of record on Tuesday, September 3rd will be issued a dividend of $0.19 per share. The ex-dividend date is Tuesday, September 3rd. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.39%. Nordstrom’s payout ratio is presently 41.53%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. BMO Capital Markets raised their price objective on shares of Nordstrom from $20.00 to $22.00 and gave the company a “market perform” rating in a research report on Wednesday, August 28th. Bank of America lifted their price objective on shares of Nordstrom from $18.00 to $20.00 and gave the company an “underperform” rating in a research note on Wednesday, August 28th. Barclays raised shares of Nordstrom from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $18.00 to $23.00 in a research report on Thursday, September 5th. Evercore ISI raised their target price on Nordstrom from $17.00 to $19.00 and gave the company an “in-line” rating in a report on Friday, May 31st. Finally, TD Cowen upped their price target on Nordstrom from $24.00 to $25.00 and gave the stock a “hold” rating in a research note on Wednesday, August 28th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Nordstrom presently has a consensus 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.