Marshall Wace LLP Buys 410,152 Shares of Nordstrom, Inc. (NYSE:JWN)

Marshall Wace LLP grew its position in shares of Nordstrom, Inc. (NYSE:JWN) by 38.4% in the 2nd quarter, Holdings Channel reports. The firm owned 1,479,414 shares of the specialty retailer’s stock after acquiring an additional 410,152 shares during the quarter. Marshall Wace LLP’s holdings in Nordstrom were worth $31,393,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Nordstrom by 5.7% during the first quarter. Vanguard Group Inc. now owns 10,653,007 shares of the specialty retailer’s stock worth $215,936,000 after buying an additional 579,001 shares during the period. Victory Capital Management Inc. grew its holdings in Nordstrom by 1.7% during the 2nd quarter. Victory Capital Management Inc. now owns 3,371,988 shares of the specialty retailer’s stock worth $71,554,000 after acquiring an additional 57,546 shares during the period. Dimensional Fund Advisors LP grew its holdings in Nordstrom by 4.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,136,639 shares of the specialty retailer’s stock worth $66,557,000 after acquiring an additional 137,094 shares during the period. Schroder Investment Management Group raised its position in shares of Nordstrom by 44.9% in the 4th quarter. Schroder Investment Management Group now owns 2,648,637 shares of the specialty retailer’s stock worth $48,867,000 after acquiring an additional 820,390 shares in the last quarter. Finally, American Century Companies Inc. lifted its stake in shares of Nordstrom by 66.2% in the 2nd 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. Institutional investors and hedge funds own 88.73% of the company’s stock.

Nordstrom Trading Down 0.8 %

JWN opened at $22.46 on Friday. Nordstrom, Inc. has a fifty-two week low of $12.88 and a fifty-two week high of $24.03. The firm has a market capitalization of $3.68 billion, a PE ratio of 12.27 and a beta of 2.61. The company has a debt-to-equity ratio of 2.76, a current ratio of 1.07 and a quick ratio of 0.41. The company’s 50-day moving average is $22.17 and its 200 day moving average is $21.04.

Nordstrom (NYSE:JWN) last issued its quarterly earnings data on Tuesday, August 27th. The specialty retailer reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.25. Nordstrom had a negative return on equity of 21.26% and a negative net margin of 1.44%. The firm had revenue of $3.89 billion during the quarter, compared to analyst estimates of $3.88 billion. During the same period in the previous year, the company posted $0.84 EPS. The company’s revenue for the quarter was up 3.2% on a year-over-year basis. As a group, research analysts predict that Nordstrom, Inc. will post 1.9 earnings per share for the current fiscal year.

Nordstrom Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Tuesday, September 3rd were paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 3.38%. The ex-dividend date was Tuesday, September 3rd. Nordstrom’s dividend payout ratio (DPR) is presently 41.53%.

Analyst Upgrades and Downgrades

JWN has been the subject of several recent analyst reports. Barclays raised Nordstrom from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $18.00 to $23.00 in a research note on Thursday, September 5th. StockNews.com raised shares of Nordstrom from a “hold” rating to a “buy” rating in a research report on Thursday, August 8th. TD Cowen boosted their target price on shares of Nordstrom from $24.00 to $25.00 and gave the company a “hold” rating in a research report on Wednesday, August 28th. KeyCorp lowered shares of Nordstrom from an “overweight” rating to a “sector weight” rating in a research note on Thursday. Finally, BMO Capital Markets lifted their price target on shares of Nordstrom from $20.00 to $22.00 and gave the company a “market perform” rating in a research note on Wednesday, August 28th. Three equities research 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $20.23.

Insiders Place Their Bets

In other news, COO Alexis Depree sold 20,000 shares of the stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $23.20, for a total value of $464,000.00. Following the completion of the sale, the chief operating officer now owns 169,331 shares in the company, valued at $3,928,479.20. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 5.78% of the company’s stock.

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.