Nordstrom, Inc. (NYSE:JWN) Shares Sold by Northwestern Mutual Investment Management Company LLC

Northwestern Mutual Investment Management Company LLC trimmed its stake in shares of Nordstrom, Inc. (NYSE:JWN) by 5.3% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,264 shares of the specialty retailer’s stock after selling 916 shares during the period. Northwestern Mutual Investment Management Company LLC’s holdings in Nordstrom were worth $722,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in JWN. CX Institutional bought a new position in shares of Nordstrom in the first quarter worth approximately $41,000. Quadrant Capital Group LLC bought a new position in shares of Nordstrom during the first quarter worth $48,000. Pinnacle Financial Partners Inc. bought a new position in shares of Nordstrom during the first quarter worth $51,000. Whittier Trust Co. bought a new position in shares of Nordstrom during the first quarter worth $53,000. Finally, Buffington Mohr McNeal bought a new position in shares of Nordstrom during the first quarter worth $54,000. Institutional investors own 62.30% of the company’s stock.

In other news, insider Peter E. Nordstrom sold 3,380 shares of Nordstrom stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $32.46, for a total transaction of $109,714.80. Following the completion of the transaction, the insider now directly owns 2,530,989 shares of the company’s stock, valued at approximately $82,155,902.94. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Christine Deputy sold 4,812 shares of Nordstrom stock in a transaction on Friday, June 14th. The shares were sold at an average price of $32.59, for a total transaction of $156,823.08. Following the completion of the sale, the insider now directly owns 60,056 shares in the company, valued at approximately $1,957,225.04. The disclosure for this sale can be found here. Company insiders own 5.21% of the company’s stock.

JWN has been the subject of a number of research reports. Wedbush lowered shares of Nordstrom from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $65.00 to $40.00 in a research report on Thursday, May 9th. Bank of America reaffirmed an “underperform” rating and set a $40.00 price target (down previously from $48.00) on shares of Nordstrom in a research note on Wednesday, May 15th. Robert W. Baird decreased their price target on shares of Nordstrom from $45.00 to $38.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 22nd. ValuEngine downgraded shares of Nordstrom from a “sell” rating to a “strong sell” rating in a research note on Monday, April 29th. Finally, Gordon Haskett downgraded shares of Nordstrom from a “hold” rating to an “underperform” rating and set a $43.00 price target on the stock. in a research note on Thursday, March 21st. Five investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $42.11.

Shares of NYSE:JWN traded down $0.37 during trading on Monday, reaching $31.49. The stock had a trading volume of 4,895,549 shares, compared to its average volume of 3,456,620. The firm has a market cap of $4.87 billion, a P/E ratio of 8.87, a P/E/G ratio of 1.59 and a beta of 0.65. The company has a debt-to-equity ratio of 6.34, a current ratio of 0.76 and a quick ratio of 0.24. The stock has a 50-day moving average of $33.40. Nordstrom, Inc. has a one year low of $30.55 and a one year high of $67.75.

Nordstrom (NYSE:JWN) last announced its quarterly earnings data on Tuesday, May 21st. The specialty retailer reported $0.23 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by ($0.20). The company had revenue of $3.44 billion during the quarter, compared to analysts’ expectations of $3.54 billion. Nordstrom had a net margin of 3.27% and a return on equity of 58.16%. During the same period in the previous year, the business earned $0.51 earnings per share. As a group, analysts forecast that Nordstrom, Inc. will post 3.34 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 18th. Shareholders of record on Monday, June 3rd were given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 4.70%. The ex-dividend date was Friday, May 31st. Nordstrom’s dividend payout ratio is presently 41.69%.

Nordstrom Profile

Nordstrom, Inc, a fashion retailer, provides apparel, shoes, cosmetics, and accessories 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 full-line stores and online store at Nordstrom.com; Nordstrom Rack stores; Nordstromrack.com and HauteLook; Jeffrey boutiques; clearance stores that operate under the Last Chance name; Trunk Club clubhouses and TrunkClub.com; and Nordstrom Locals.

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Institutional Ownership by Quarter for Nordstrom (NYSE:JWN)

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