Public Employees Retirement System of Ohio reduced its position in Nordstrom, Inc. (NYSE:JWN) by 4.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 157,720 shares of the specialty retailer’s stock after selling 7,758 shares during the quarter. Public Employees Retirement System of Ohio owned about 0.10% of Nordstrom worth $5,025,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of JWN. Capital Investment Advisory Services LLC purchased a new stake in Nordstrom in the 2nd quarter valued at $29,000. Edge Wealth Management LLC grew its holdings in Nordstrom by 100.0% in the 2nd quarter. Edge Wealth Management LLC now owns 1,000 shares of the specialty retailer’s stock valued at $32,000 after buying an additional 500 shares in the last quarter. Resources Investment Advisors LLC. purchased a new stake in Nordstrom in the 2nd quarter valued at $35,000. Zions Bancorporation N.A. purchased a new stake in Nordstrom in the 1st quarter valued at $41,000. Finally, Steward Partners Investment Advisory LLC purchased a new stake in Nordstrom in the 2nd quarter valued at $47,000. 64.63% of the stock is owned by hedge funds and other institutional investors.

In related news, insider Christine Deputy sold 1,906 shares of the firm’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $28.53, for a total transaction of $54,378.18. Following the completion of the transaction, the insider now directly owns 56,913 shares in the company, valued at approximately $1,623,727.89. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 5.21% of the company’s stock.

JWN has been the subject of several analyst reports. JPMorgan Chase & Co. dropped their target price on Nordstrom from $40.00 to $35.00 and set an “underweight” rating for the company in a report on Wednesday, May 22nd. Bank of America restated an “underperform” rating and issued a $29.00 target price (down from $32.00) on shares of Nordstrom in a report on Thursday, August 22nd. Zacks Investment Research cut Nordstrom from a “hold” rating to a “strong sell” rating in a report on Friday, May 24th. Piper Jaffray Companies lowered their price target on Nordstrom from $40.00 to $33.00 and set a “neutral” rating for the company in a report on Wednesday, May 22nd. Finally, Gordon Haskett upgraded Nordstrom from a “reduce” rating to a “hold” rating and set a $33.71 price target for the company in a report on Thursday, June 20th. Five investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and one has assigned a buy rating to the company. Nordstrom currently has an average rating of “Hold” and an average target price of $38.19.

Shares of NYSE JWN traded up $0.21 during mid-day trading on Friday, reaching $34.83. 168,346 shares of the company’s stock were exchanged, compared to its average volume of 7,296,206. The firm has a market capitalization of $5.30 billion, a price-to-earnings ratio of 9.86, a PEG ratio of 1.71 and a beta of 0.70. The company has a debt-to-equity ratio of 5.39, a quick ratio of 0.35 and a current ratio of 0.79. Nordstrom, Inc. has a 52-week low of $25.01 and a 52-week high of $67.75. The company’s 50-day moving average is $29.39 and its 200-day moving average is $36.04.

Nordstrom (NYSE:JWN) last announced its earnings results on Wednesday, August 21st. The specialty retailer reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.14. Nordstrom had a return on equity of 62.11% and a net margin of 3.17%. The company had revenue of $3.87 billion during the quarter, compared to analysts’ expectations of $3.92 billion. During the same period last year, the business posted $0.95 EPS. Nordstrom’s revenue for the quarter was down 4.8% on a year-over-year basis. As a group, equities analysts predict that Nordstrom, Inc. will post 3.34 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 30th will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 4.25%. The ex-dividend date is Thursday, August 29th. Nordstrom’s dividend payout ratio (DPR) is 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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