Prudential Financial Inc. lessened its holdings in Nordstrom, Inc. (NYSE:JWN) by 4.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 99,419 shares of the specialty retailer’s stock after selling 4,612 shares during the period. Prudential Financial Inc. owned 0.06% of Nordstrom worth $3,168,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in JWN. GAM Holding AG lifted its position in shares of Nordstrom by 138.4% during the first quarter. GAM Holding AG now owns 22,779 shares of the specialty retailer’s stock worth $1,011,000 after purchasing an additional 13,226 shares in the last quarter. Evergreen Capital Management LLC increased its position in shares of Nordstrom by 24.2% during the first quarter. Evergreen Capital Management LLC now owns 179,472 shares of the specialty retailer’s stock worth $7,965,000 after acquiring an additional 35,024 shares in the last quarter. Meeder Asset Management Inc. grew its position in Nordstrom by 6.3% in the second quarter. Meeder Asset Management Inc. now owns 15,207 shares of the specialty retailer’s stock valued at $486,000 after purchasing an additional 899 shares in the last quarter. Grimes & Company Inc. grew its position in Nordstrom by 5.9% in the second quarter. Grimes & Company Inc. now owns 109,172 shares of the specialty retailer’s stock valued at $3,478,000 after purchasing an additional 6,111 shares in the last quarter. Finally, Advisor Group Inc. grew its position in Nordstrom by 1.4% in the first quarter. Advisor Group Inc. now owns 45,234 shares of the specialty retailer’s stock valued at $2,008,000 after purchasing an additional 615 shares in the last quarter. 64.25% of the stock is owned by hedge funds and other institutional investors.

NYSE JWN traded up $0.32 on Monday, reaching $35.12. 113,586 shares of the company’s stock traded hands, compared to its average volume of 7,046,583. Nordstrom, Inc. has a 12 month low of $25.01 and a 12 month high of $67.75. 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 stock has a 50-day simple moving average of $29.49 and a 200 day simple moving average of $35.99. The stock has a market cap of $5.36 billion, a PE ratio of 9.92, a P/E/G ratio of 1.73 and a beta of 0.70.

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

The company also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 4.21%. The ex-dividend date is Thursday, August 29th. Nordstrom’s dividend payout ratio is 41.69%.

In other news, insider Christine Deputy sold 1,906 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $28.53, for a total value of $54,378.18. Following the transaction, the insider now owns 56,913 shares in the company, valued at $1,623,727.89. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.21% of the stock is currently owned by company insiders.

JWN has been the subject of a number of research reports. KeyCorp cut their target price on shares of Nordstrom from $52.00 to $48.00 and set an “overweight” rating for the company in a research note on Thursday, August 22nd. JPMorgan Chase & Co. cut their target price on shares of Nordstrom from $40.00 to $35.00 and set an “underweight” rating on the stock in a research report on Wednesday, May 22nd. Morgan Stanley dropped their price target on shares of Nordstrom from $40.00 to $33.00 and set an “equal weight” rating on the stock in a research report on Friday, August 23rd. Telsey Advisory Group dropped their price target on shares of Nordstrom from $35.00 to $32.00 and set a “market perform” rating on the stock in a research report on Thursday, August 22nd. Finally, Deutsche Bank dropped their target price on shares of Nordstrom from $47.00 to $36.00 and set a “hold” rating on the stock in a research report on Wednesday, May 22nd. Five equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and one has assigned a buy rating to the company. Nordstrom currently has a consensus rating of “Hold” and a consensus price target of $38.19.

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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