Nordstrom, Inc. (NYSE:JWN) Stock Position Decreased by Barclays PLC

Barclays PLC reduced its stake in shares of Nordstrom, Inc. (NYSE:JWNFree Report) by 53.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 332,202 shares of the specialty retailer’s stock after selling 382,150 shares during the period. Barclays PLC’s holdings in Nordstrom were worth $4,964,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Lazard Asset Management LLC bought a new position in Nordstrom during the second quarter valued at about $29,000. Advisory Services Network LLC raised its holdings in Nordstrom by 315.9% during the first quarter. Advisory Services Network LLC now owns 2,487 shares of the specialty retailer’s stock valued at $40,000 after buying an additional 1,889 shares in the last quarter. Captrust Financial Advisors raised its holdings in Nordstrom by 44.9% during the second quarter. Captrust Financial Advisors now owns 2,738 shares of the specialty retailer’s stock valued at $58,000 after buying an additional 849 shares in the last quarter. Dark Forest Capital Management LP raised its holdings in Nordstrom by 194.2% during the first quarter. Dark Forest Capital Management LP now owns 3,195 shares of the specialty retailer’s stock valued at $52,000 after buying an additional 2,109 shares in the last quarter. Finally, Bessemer Group Inc. raised its holdings in Nordstrom by 106.9% during the second quarter. Bessemer Group Inc. now owns 5,234 shares of the specialty retailer’s stock valued at $107,000 after buying an additional 2,704 shares in the last quarter. 62.56% of the stock is currently owned by institutional investors.

Nordstrom Stock Up 0.2 %

JWN stock opened at $19.12 on Friday. Nordstrom, Inc. has a twelve month low of $12.88 and a twelve month high of $23.53. The company has a market cap of $3.10 billion, a PE ratio of 26.55, a price-to-earnings-growth ratio of 1.92 and a beta of 2.58. The business’s 50-day simple moving average is $18.07 and its 200 day simple moving average is $16.81. The company has a quick ratio of 0.29, a current ratio of 1.00 and a debt-to-equity ratio of 3.58.

Nordstrom (NYSE:JWNGet Free Report) last released its earnings results on Tuesday, November 21st. The specialty retailer reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.12. The business had revenue of $3.32 billion for the quarter, compared to the consensus estimate of $3.41 billion. Nordstrom had a return on equity of 45.64% and a net margin of 0.81%. The firm’s revenue for the quarter was down 6.4% compared to the same quarter last year. During the same period last year, the business earned $0.20 earnings per share. On average, research analysts anticipate that Nordstrom, Inc. will post 2.06 earnings per share for the current year.

Nordstrom Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 13th. Shareholders of record on Tuesday, November 28th were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 3.98%. The ex-dividend date was Monday, November 27th. Nordstrom’s payout ratio is 105.56%.

Analysts Set New Price Targets

JWN has been the topic of several recent research reports. The Goldman Sachs Group cut their target price on Nordstrom from $18.00 to $16.00 and set a “neutral” rating on the stock in a report on Wednesday, November 22nd. Morgan Stanley dropped their price objective on Nordstrom from $14.00 to $13.00 and set an “underweight” rating on the stock in a research note on Tuesday, November 28th. StockNews.com upgraded Nordstrom from a “hold” rating to a “buy” rating in a research note on Friday. Piper Sandler dropped their price objective on Nordstrom from $20.00 to $17.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 22nd. Finally, Telsey Advisory Group dropped their price objective on Nordstrom from $19.00 to $17.00 and set a “market perform” rating on the stock in a research note on Wednesday, November 22nd. Four investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Nordstrom currently has a consensus rating of “Hold” and a consensus price target of $16.50.

View Our Latest Stock Report on Nordstrom

Nordstrom Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Nordstrom (NYSE:JWN)

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