Nordstrom, Inc. (JWN) Holdings Boosted by State of Alaska Department of Revenue

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State of Alaska Department of Revenue grew its holdings in Nordstrom, Inc. (NYSE:JWN) by 3.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 45,830 shares of the specialty retailer’s stock after purchasing an additional 1,739 shares during the quarter. State of Alaska Department of Revenue’s holdings in Nordstrom were worth $2,032,000 as of its most recent filing with the SEC.

A number of other institutional investors have also bought and sold shares of JWN. JPMorgan Chase & Co. boosted its stake in Nordstrom by 1.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,721,385 shares of the specialty retailer’s stock valued at $342,197,000 after buying an additional 66,655 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Nordstrom by 27.4% during the third quarter. Dimensional Fund Advisors LP now owns 1,119,199 shares of the specialty retailer’s stock worth $66,940,000 after acquiring an additional 240,520 shares during the last quarter. Franklin Resources Inc. raised its position in shares of Nordstrom by 16.6% during the third quarter. Franklin Resources Inc. now owns 33,985 shares of the specialty retailer’s stock worth $2,033,000 after acquiring an additional 4,837 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Nordstrom during the third quarter worth $594,000. Finally, Tower Research Capital LLC TRC raised its position in shares of Nordstrom by 77.5% during the third quarter. Tower Research Capital LLC TRC now owns 2,833 shares of the specialty retailer’s stock worth $169,000 after acquiring an additional 1,237 shares during the last quarter. 65.95% of the stock is currently owned by institutional investors.

In other Nordstrom news, insider Christine Deputy sold 13,124 shares of Nordstrom stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $42.61, for a total transaction of $559,213.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ken Worzel sold 17,125 shares of Nordstrom stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $45.00, for a total value of $770,625.00. Following the transaction, the insider now owns 102,588 shares of the company’s stock, valued at approximately $4,616,460. The disclosure for this sale can be found here. Insiders have sold a total of 49,180 shares of company stock valued at $2,164,864 in the last quarter. Company insiders own 7.05% of the company’s stock.

JWN has been the subject of a number of recent analyst reports. Wedbush reiterated an “overweight” rating and issued a $75.00 price objective on shares of Nordstrom in a report on Friday, December 21st. Zacks Investment Research reissued a “buy” rating and set a $52.00 price objective on shares of Nordstrom in a report on Monday, December 31st. ValuEngine raised Nordstrom from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. Morgan Stanley raised Nordstrom from an “underweight” rating to an “equal weight” rating and set a $48.40 target price on the stock in a report on Tuesday, January 8th. Finally, TheStreet downgraded Nordstrom from a “b-” rating to a “c+” rating in a report on Tuesday, January 8th. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $52.08.

JWN stock opened at $43.83 on Thursday. The stock has a market cap of $6.74 billion, a price-to-earnings ratio of 12.35, a P/E/G ratio of 1.91 and a beta of 0.53. The company has a debt-to-equity ratio of 3.07, a current ratio of 1.00 and a quick ratio of 0.41. Nordstrom, Inc. has a 52-week low of $42.54 and a 52-week high of $67.75.

Nordstrom (NYSE:JWN) last released its quarterly earnings results on Thursday, February 28th. The specialty retailer reported $1.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.42 by $0.06. The business had revenue of $4.48 billion during the quarter, compared to the consensus estimate of $4.63 billion. Nordstrom had a return on equity of 57.14% and a net margin of 3.56%. During the same quarter in the previous year, the business earned $1.20 EPS. On average, analysts forecast that Nordstrom, Inc. will post 3.77 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Monday, March 11th were paid a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, March 8th. This represents a $1.48 dividend on an annualized basis and a yield of 3.38%. Nordstrom’s dividend payout ratio (DPR) is currently 41.69%.

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Nordstrom Profile

Nordstrom, Inc, a fashion retailer, provides apparel, shoes, cosmetics, and accessories for women, men, young adults, and children. The company operates in two segments, Retail and Credit. The Retail segment offers a range of brand name and private label merchandise through various channels, including Nordstrom branded full-line stores and online store at Nordstrom.com; Nordstrom Rack stores; Nordstromrack.com and HauteLook; Trunk Club clubhouses and TrunkClub.com; Jeffrey boutiques; and clearance stores that operate under the Last Chance name.

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Institutional Ownership by Quarter for Nordstrom (NYSE:JWN)

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