Pacer Advisors Inc. decreased its position in shares of Nordstrom, Inc. (NYSE:JWN) by 71.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,760 shares of the specialty retailer’s stock after selling 26,928 shares during the period. Pacer Advisors Inc.’s holdings in Nordstrom were worth $343,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in JWN. Geode Capital Management LLC increased its stake in Nordstrom by 5.1% in the fourth quarter. Geode Capital Management LLC now owns 1,650,673 shares of the specialty retailer’s stock valued at $76,815,000 after acquiring an additional 80,459 shares during the period. Victory Capital Management Inc. lifted its holdings in Nordstrom by 420.5% in the first quarter. Victory Capital Management Inc. now owns 202,201 shares of the specialty retailer’s stock valued at $8,974,000 after buying an additional 163,357 shares during the period. Nissay Asset Management Corp Japan ADV lifted its holdings in Nordstrom by 4.8% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 10,865 shares of the specialty retailer’s stock valued at $482,000 after buying an additional 499 shares during the period. Toronto Dominion Bank lifted its holdings in Nordstrom by 10.8% in the first quarter. Toronto Dominion Bank now owns 80,078 shares of the specialty retailer’s stock valued at $3,553,000 after buying an additional 7,836 shares during the period. Finally, CIBC Asset Management Inc increased its stake in Nordstrom by 2.8% in the first quarter. CIBC Asset Management Inc now owns 17,402 shares of the specialty retailer’s stock valued at $772,000 after purchasing an additional 475 shares in the last quarter. 64.25% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE JWN traded down $2.70 during midday trading on Tuesday, reaching $32.87. The stock had a trading volume of 220,666 shares, compared to its average volume of 7,034,007. The firm has a market cap of $5.39 billion, a price-to-earnings ratio of 9.22, a price-to-earnings-growth ratio of 1.74 and a beta of 0.70. Nordstrom, Inc. has a twelve month low of $25.01 and a twelve month high of $67.75. The company has a debt-to-equity ratio of 5.39, a quick ratio of 0.35 and a current ratio of 0.79. The company’s 50 day moving average price is $29.77 and its 200 day moving average price is $35.84.

Nordstrom (NYSE:JWN) last issued its quarterly earnings results on Wednesday, August 21st. The specialty retailer reported $0.90 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate 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 net margin of 3.17% and a return on equity of 62.11%. The company’s revenue for the quarter was down 4.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.95 EPS. Equities analysts forecast that Nordstrom, Inc. will post 3.34 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 4.50%. The ex-dividend date of this dividend was Thursday, August 29th. Nordstrom’s dividend payout ratio (DPR) is presently 41.69%.

Several equities research analysts have recently issued reports on the stock. Wedbush set a $24.00 price objective on shares of Nordstrom and gave the stock a “hold” rating in a research report on Thursday, August 22nd. Robert W. Baird cut their price target on shares of Nordstrom from $45.00 to $38.00 and set a “neutral” rating for the company in a research note on Wednesday, May 22nd. Credit Suisse Group cut their price target on shares of Nordstrom from $40.00 to $36.00 and set a “neutral” rating for the company in a research note on Wednesday, May 22nd. 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. Finally, Telsey Advisory Group cut their target price on shares of Nordstrom from $35.00 to $32.00 and set a “market perform” rating for the company in a research note on Thursday, August 22nd. Five equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $38.19.

In other Nordstrom news, insider Christine Deputy sold 1,906 shares of the stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $28.53, for a total transaction of $54,378.18. Following the transaction, the insider now directly 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 this hyperlink. Corporate insiders own 5.21% of the company’s stock.

Nordstrom 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.

Further Reading: Return on Investment (ROI)

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Institutional Ownership by Quarter for Nordstrom (NYSE:JWN)

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