XTX Topco Ltd Purchases 18,881 Shares of Nordstrom, Inc. (NYSE:JWN)

XTX Topco Ltd raised its position in shares of Nordstrom, Inc. (NYSE:JWN) by 87.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 40,353 shares of the specialty retailer’s stock after purchasing an additional 18,881 shares during the period. XTX Topco Ltd’s holdings in Nordstrom were worth $908,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Venturi Wealth Management LLC raised its position in Nordstrom by 355.9% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,272 shares of the specialty retailer’s stock valued at $29,000 after purchasing an additional 993 shares in the last quarter. Atlas Capital Advisors LLC raised its position in shares of Nordstrom by 101.8% in the 2nd quarter. Atlas Capital Advisors LLC now owns 1,491 shares of the specialty retailer’s stock worth $32,000 after acquiring an additional 752 shares in the last quarter. Rothschild Investment LLC bought a new position in shares of Nordstrom in the 2nd quarter worth $39,000. Blue Trust Inc. raised its position in shares of Nordstrom by 10,045.8% in the 2nd quarter. Blue Trust Inc. now owns 2,435 shares of the specialty retailer’s stock worth $49,000 after acquiring an additional 2,411 shares in the last quarter. Finally, Point72 Hong Kong Ltd bought a new position in shares of Nordstrom in the 2nd quarter worth $71,000. 88.73% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on the company. TD Cowen boosted their price target on Nordstrom from $24.00 to $25.00 and gave the stock a “hold” rating in a research report on Wednesday, August 28th. The Goldman Sachs Group boosted their price target on Nordstrom from $19.00 to $21.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 28th. UBS Group upped their target price on Nordstrom from $13.00 to $14.50 and gave the company a “sell” rating in a research report on Wednesday, November 27th. KeyCorp cut Nordstrom from an “overweight” rating to a “sector weight” rating in a research note on Thursday, September 26th. Finally, Bank of America increased their price target on Nordstrom from $20.00 to $22.00 and gave the company an “underperform” rating in a research note on Wednesday, November 27th. Three 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.com, the company presently has a consensus rating of “Hold” and a consensus target price of $21.29.

Insider Buying and Selling

In related news, COO Alexis Depree sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $23.20, for a total transaction of $464,000.00. Following the sale, the chief operating officer now directly owns 169,331 shares of the company’s stock, valued at $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 Securities & Exchange Commission, which is available at this hyperlink. 5.78% of the stock is owned by corporate insiders.

Nordstrom Stock Up 0.1 %

Shares of JWN stock opened at $22.96 on Wednesday. The stock’s 50-day simple moving average is $22.92 and its 200-day simple moving average is $22.34. The company has a debt-to-equity ratio of 2.65, a quick ratio of 0.35 and a current ratio of 1.14. The firm has a market capitalization of $3.79 billion, a PE ratio of 14.62 and a beta of 2.56. Nordstrom, Inc. has a fifty-two week low of $15.97 and a fifty-two week high of $24.99.

Nordstrom (NYSE:JWN) last announced its quarterly earnings data on Tuesday, November 26th. The specialty retailer reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.11. The business had revenue of $3.35 billion for the quarter, compared to analyst estimates of $3.34 billion. Nordstrom had a negative return on equity of 18.04% and a negative net margin of 1.57%. The company’s revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.25 earnings per share. Equities analysts expect that Nordstrom, Inc. will post 1.93 earnings per share for the current year.

Nordstrom Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Tuesday, December 3rd will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 3.31%. The ex-dividend date of this dividend is Tuesday, December 3rd. Nordstrom’s dividend payout ratio (DPR) is 48.41%.

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.