Landscape Capital Management L.L.C. Takes $212,000 Position in Nordstrom, Inc. (NYSE:JWN)

Landscape Capital Management L.L.C. bought a new stake in shares of Nordstrom, Inc. (NYSE:JWN) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 9,439 shares of the specialty retailer’s stock, valued at approximately $212,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in Nordstrom by 5.7% during the first quarter. Vanguard Group Inc. now owns 10,653,007 shares of the specialty retailer’s stock valued at $215,936,000 after buying an additional 579,001 shares during the last quarter. Victory Capital Management Inc. increased its holdings in Nordstrom by 1.7% during the second quarter. Victory Capital Management Inc. now owns 3,371,988 shares of the specialty retailer’s stock valued at $71,554,000 after buying an additional 57,546 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in 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 buying an additional 137,094 shares during the last quarter. American Century Companies Inc. increased its holdings 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 buying an additional 661,769 shares during the last quarter. Finally, Marshall Wace LLP increased its holdings in Nordstrom by 38.4% during the second 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 last quarter. 88.73% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, COO Alexis Depree sold 20,000 shares of the stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $23.20, for a total value of $464,000.00. Following the sale, the chief operating officer now owns 169,331 shares of the company’s stock, valued at approximately $3,928,479.20. This represents a 10.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 5.78% of the company’s stock.

Wall Street Analyst Weigh In

JWN has been the subject of a number of analyst reports. Barclays raised shares of Nordstrom from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $18.00 to $23.00 in a research note on Thursday, September 5th. KeyCorp cut shares of Nordstrom from an “overweight” rating to a “sector weight” rating in a research note on Thursday, September 26th. TD Cowen increased their price objective on shares of Nordstrom from $24.00 to $25.00 and gave the stock a “hold” rating in a research note on Wednesday, August 28th. Telsey Advisory Group restated a “market perform” rating and set a $24.00 target price on shares of Nordstrom in a research report on Wednesday, November 20th. Finally, BMO Capital Markets upped their target price on shares of Nordstrom from $20.00 to $22.00 and gave the stock a “market perform” rating in a research report on Wednesday, August 28th. Three 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 stock. According to data from MarketBeat, Nordstrom presently has a consensus rating of “Hold” and an average price target of $20.58.

Nordstrom Price Performance

JWN stock opened at $24.93 on Tuesday. Nordstrom, Inc. has a 52 week low of $14.65 and a 52 week high of $24.99. The company has a quick ratio of 0.41, a current ratio of 1.07 and a debt-to-equity ratio of 2.76. The company has a fifty day simple moving average of $22.82 and a two-hundred day simple moving average of $22.20. The firm has a market capitalization of $4.09 billion, a P/E ratio of 14.58 and a beta of 2.59.

Nordstrom (NYSE:JWN) last released its quarterly earnings data on Tuesday, August 27th. The specialty retailer reported $0.96 EPS 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 business had revenue of $3.89 billion during the quarter, compared to analyst estimates of $3.88 billion. During the same quarter last year, the business earned $0.84 earnings per share. Nordstrom’s quarterly revenue was up 3.2% compared to the same quarter last year. Analysts anticipate that Nordstrom, Inc. will post 1.91 earnings per share for the current fiscal year.

Nordstrom Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Tuesday, December 3rd will be given a dividend of $0.19 per share. The ex-dividend date is Tuesday, December 3rd. This represents a $0.76 annualized dividend and a yield of 3.05%. Nordstrom’s dividend payout ratio (DPR) is currently 44.44%.

Nordstrom Company 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.