Garde Capital Inc. Sells 3,000 Shares of Nordstrom, Inc. (NYSE:JWN)

Garde Capital Inc. decreased its position in Nordstrom, Inc. (NYSE:JWN) by 10.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,065 shares of the specialty retailer’s stock after selling 3,000 shares during the period. Garde Capital Inc.’s holdings in Nordstrom were worth $586,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Victory Capital Management Inc. lifted its stake in shares of Nordstrom by 1.7% in the second quarter. Victory Capital Management Inc. now owns 3,371,988 shares of the specialty retailer’s stock worth $71,554,000 after buying an additional 57,546 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Nordstrom by 4.6% during the second quarter. Dimensional Fund Advisors LP now owns 3,136,639 shares of the specialty retailer’s stock valued at $66,557,000 after purchasing an additional 137,094 shares during the last quarter. American Century Companies Inc. lifted its position in Nordstrom by 66.2% during the second quarter. American Century Companies Inc. now owns 1,661,227 shares of the specialty retailer’s stock valued at $35,251,000 after purchasing an additional 661,769 shares during the period. Geode Capital Management LLC raised its stake in Nordstrom by 0.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,625,616 shares of the specialty retailer’s stock valued at $36,570,000 after buying an additional 5,407 shares during the last quarter. Finally, Marshall Wace LLP lifted its holdings in shares of Nordstrom by 38.4% during the 2nd quarter. Marshall Wace LLP now owns 1,479,414 shares of the specialty retailer’s stock valued at $31,393,000 after buying an additional 410,152 shares during the period. 88.73% of the stock is owned by hedge funds and other institutional investors.

Nordstrom Stock Down 2.0 %

NYSE JWN opened at $22.51 on Friday. Nordstrom, Inc. has a 12 month low of $15.97 and a 12 month high of $24.99. The company has a current ratio of 1.14, a quick ratio of 0.35 and a debt-to-equity ratio of 2.65. The stock has a market cap of $3.71 billion, a PE ratio of 14.34 and a beta of 2.56. The stock’s 50 day moving average is $23.00 and its 200 day moving average is $22.35.

Nordstrom (NYSE:JWN) last issued its earnings results on Tuesday, November 26th. The specialty retailer reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.11. The firm had revenue of $3.35 billion during the quarter, compared to analyst estimates of $3.34 billion. Nordstrom had a negative net margin of 1.57% and a negative return on equity of 18.04%. Nordstrom’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.25 earnings per share. Research analysts predict that Nordstrom, Inc. will post 1.94 EPS for the current fiscal year.

Nordstrom Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Tuesday, December 3rd will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 3.38%. The ex-dividend date of this dividend is Tuesday, December 3rd. Nordstrom’s payout ratio is presently 48.41%.

Analysts Set New Price Targets

JWN has been the topic of a number of recent research reports. Citigroup increased their target price on Nordstrom from $22.00 to $23.00 and gave the company a “neutral” rating in a report on Tuesday, November 19th. JPMorgan Chase & Co. boosted their target price on shares of Nordstrom from $19.00 to $20.00 and gave the company an “underweight” rating in a research report on Wednesday, August 28th. Barclays upgraded shares of Nordstrom from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $18.00 to $23.00 in a research report on Thursday, September 5th. StockNews.com downgraded shares of Nordstrom from a “strong-buy” rating to a “buy” rating in a research report on Thursday, December 5th. Finally, BMO Capital Markets upped their price objective on Nordstrom from $20.00 to $22.00 and gave the stock a “market perform” rating in a research note on Wednesday, August 28th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Nordstrom has an average rating of “Hold” and a consensus target price of $21.29.

Insider Buying and Selling at Nordstrom

In related news, COO Alexis Depree sold 20,000 shares of Nordstrom stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $23.20, for a total value of $464,000.00. Following the completion of the transaction, the chief operating officer now owns 169,331 shares in the company, valued at approximately $3,928,479.20. This trade represents a 10.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 5.78% of the stock is currently owned by company insiders.

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.