Nordstrom, Inc. (NYSE:JWN)’s share price fell 9.8% during trading on Tuesday . The stock traded as low as $31.84 and last traded at $32.10, 10,486,607 shares changed hands during trading. An increase of 156% from the average session volume of 4,097,089 shares. The stock had previously closed at $35.57.

Several research firms recently commented on JWN. Citigroup reduced their price target on Nordstrom from $48.00 to $37.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 22nd. Cowen reduced their price target on Nordstrom from $44.00 to $36.00 and set a “market perform” rating on the stock in a research report on Thursday, May 23rd. UBS Group lowered Nordstrom from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $65.00 to $33.00 in a research report on Tuesday, July 2nd. Deutsche Bank reduced their price target on Nordstrom from $47.00 to $36.00 and set a “hold” rating on the stock in a research report on Wednesday, May 22nd. Finally, KeyCorp reduced their price target on Nordstrom from $52.00 to $48.00 and set an “overweight” rating on the stock in a research report on Thursday, August 22nd. Five research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and one has issued a buy rating to the stock. Nordstrom currently has a consensus rating of “Hold” and an average price target of $38.19.

The stock has a 50-day simple moving average of $29.81 and a 200-day simple moving average of $35.77. The company has a market capitalization of $5.39 billion, a price-to-earnings ratio of 9.04, a price-to-earnings-growth ratio of 1.74 and a beta of 0.70. The company has a current ratio of 0.79, a quick ratio of 0.35 and a debt-to-equity ratio of 5.39.

Nordstrom (NYSE:JWN) last announced its earnings results on Wednesday, August 21st. The specialty retailer reported $0.90 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate 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 for the quarter, compared to analyst estimates of $3.92 billion. During the same period in the prior year, the company posted $0.95 EPS. Nordstrom’s quarterly revenue was down 4.8% on a year-over-year basis. On average, research analysts forecast that Nordstrom, Inc. will post 3.34 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.61%. The ex-dividend date was Thursday, August 29th. Nordstrom’s payout ratio is 41.69%.

In other Nordstrom news, insider Christine Deputy sold 1,906 shares of the company’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $28.53, for a total value of $54,378.18. Following the transaction, the insider now directly owns 56,913 shares of the company’s stock, valued at approximately $1,623,727.89. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 5.21% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in JWN. Geode Capital Management LLC raised its position in shares of Nordstrom by 5.1% in the 4th quarter. Geode Capital Management LLC now owns 1,650,673 shares of the specialty retailer’s stock valued at $76,815,000 after purchasing an additional 80,459 shares in the last quarter. Victory Capital Management Inc. increased its holdings in shares of Nordstrom by 420.5% in the 1st quarter. Victory Capital Management Inc. now owns 202,201 shares of the specialty retailer’s stock valued at $8,974,000 after acquiring an additional 163,357 shares during the last quarter. Nissay Asset Management Corp Japan ADV increased its holdings in shares of Nordstrom by 4.8% in the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 10,865 shares of the specialty retailer’s stock valued at $482,000 after acquiring an additional 499 shares during the last quarter. Toronto Dominion Bank increased its holdings in shares of Nordstrom by 10.8% in the 1st quarter. Toronto Dominion Bank now owns 80,078 shares of the specialty retailer’s stock valued at $3,553,000 after acquiring an additional 7,836 shares during the last quarter. Finally, CIBC Asset Management Inc increased its holdings in shares of Nordstrom by 2.8% in the 1st quarter. CIBC Asset Management Inc now owns 17,402 shares of the specialty retailer’s stock valued at $772,000 after acquiring an additional 475 shares during the last quarter. 64.25% of the stock is currently owned by institutional investors.

Nordstrom Company Profile (NYSE:JWN)

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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