Olympiad Research LP Makes New Investment in Nordstrom, Inc. (NYSE:JWN)

Olympiad Research LP acquired a new position in shares of Nordstrom, Inc. (NYSE:JWN) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 22,594 shares of the specialty retailer’s stock, valued at approximately $508,000.

Other large investors also recently added to or reduced their stakes in the company. Atlas Capital Advisors LLC raised its position in Nordstrom by 101.8% during the second quarter. Atlas Capital Advisors LLC now owns 1,491 shares of the specialty retailer’s stock worth $32,000 after acquiring an additional 752 shares during the period. Rothschild Investment LLC acquired a new stake in shares of Nordstrom in the second quarter valued at about $39,000. Blue Trust Inc. raised its position in shares of Nordstrom by 10,045.8% in the second quarter. Blue Trust Inc. now owns 2,435 shares of the specialty retailer’s stock valued at $49,000 after buying an additional 2,411 shares during the last quarter. Point72 Hong Kong Ltd acquired a new stake in shares of Nordstrom in the second quarter valued at about $71,000. Finally, CWM LLC raised its position in shares of Nordstrom by 28.7% in the third quarter. CWM LLC now owns 3,628 shares of the specialty retailer’s stock valued at $82,000 after buying an additional 810 shares during the last quarter. 88.73% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, COO Alexis Depree sold 20,000 shares of the stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $23.20, for a total transaction of $464,000.00. Following the completion of the transaction, the chief operating officer now directly owns 169,331 shares in the company, valued at approximately $3,928,479.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 5.78% of the stock is owned by company insiders.

Nordstrom Price Performance

Shares of NYSE JWN opened at $22.57 on Thursday. Nordstrom, Inc. has a one year low of $12.88 and a one year high of $24.93. The company has a debt-to-equity ratio of 2.76, a quick ratio of 0.41 and a current ratio of 1.07. The company’s fifty day moving average is $22.69 and its two-hundred day moving average is $21.87. The firm has a market capitalization of $3.71 billion, a P/E ratio of 13.20 and a beta of 2.59.

Nordstrom (NYSE:JWN) last announced 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 firm had revenue of $3.89 billion during the quarter, compared to the consensus estimate of $3.88 billion. During the same quarter in the previous year, the company posted $0.84 EPS. The firm’s revenue for the quarter was up 3.2% on a year-over-year basis. Analysts forecast that Nordstrom, Inc. will post 1.89 EPS for the current fiscal year.

Nordstrom Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Tuesday, September 3rd were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 3.37%. The ex-dividend date was Tuesday, September 3rd. Nordstrom’s dividend payout ratio is presently 44.44%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on JWN shares. Bank of America increased their target price on shares of Nordstrom from $18.00 to $20.00 and gave the company an “underperform” rating in a research report on Wednesday, August 28th. Telsey Advisory Group increased their target price on shares of Nordstrom from $23.00 to $24.00 and gave the company a “market perform” rating in a research report on Wednesday, August 28th. StockNews.com upgraded shares of Nordstrom from a “hold” rating to a “buy” rating in a research report on Thursday, August 8th. The Goldman Sachs Group increased their target price on shares of Nordstrom from $19.00 to $21.00 and gave the company a “neutral” rating in a research report on Wednesday, August 28th. Finally, KeyCorp cut shares of Nordstrom from an “overweight” rating to a “sector weight” rating in a research report on Thursday, September 26th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $20.33.

Nordstrom 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.