Dubuque Bank & Trust Co. trimmed its stake in shares of Nordstrom, Inc. (NYSE:JWN) by 12.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 120,290 shares of the specialty retailer’s stock after selling 17,593 shares during the quarter. Dubuque Bank & Trust Co. owned about 0.08% of Nordstrom worth $5,339,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently bought and sold shares of the business. Machina Capital S.A.S. purchased a new position in shares of Nordstrom during the 4th quarter worth approximately $502,000. Geode Capital Management LLC raised its stake in shares of Nordstrom by 5.1% during the 4th quarter. Geode Capital Management LLC now owns 1,650,673 shares of the specialty retailer’s stock worth $76,815,000 after buying an additional 80,459 shares in the last quarter. Norges Bank purchased a new position in shares of Nordstrom during the 4th quarter worth approximately $55,352,000. Financial Advocates Investment Management raised its stake in shares of Nordstrom by 9,174.9% during the 4th quarter. Financial Advocates Investment Management now owns 130,591 shares of the specialty retailer’s stock worth $4,867,000 after buying an additional 129,183 shares in the last quarter. Finally, Coldstream Capital Management Inc. raised its stake in shares of Nordstrom by 10.1% during the 4th quarter. Coldstream Capital Management Inc. now owns 23,241 shares of the specialty retailer’s stock worth $1,083,000 after buying an additional 2,123 shares in the last quarter. 65.95% of the stock is owned by institutional investors.
In related news, insider Erik B. Nordstrom sold 17,762 shares of Nordstrom stock in a transaction on Monday, March 11th. The stock was sold at an average price of $44.07, for a total value of $782,771.34. Following the transaction, the insider now owns 2,653,314 shares in the company, valued at $116,931,547.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Christine Deputy sold 13,124 shares of Nordstrom stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $42.61, for a total value of $559,213.64. The disclosure for this sale can be found here. Insiders have sold 49,180 shares of company stock worth $2,164,864 in the last 90 days. Insiders own 7.05% of the company’s stock.
NYSE:JWN traded up $0.47 during trading hours on Wednesday, reaching $43.94. 1,198,991 shares of the company traded hands, compared to its average volume of 2,791,117. Nordstrom, Inc. has a 1-year low of $42.54 and a 1-year high of $67.75. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.41 and a current ratio of 1.00. The stock has a market cap of $6.74 billion, a PE ratio of 12.38, a price-to-earnings-growth ratio of 1.91 and a beta of 0.53.
Nordstrom (NYSE:JWN) last posted its quarterly earnings data on Thursday, February 28th. The specialty retailer reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.06. Nordstrom had a return on equity of 57.14% and a net margin of 3.56%. The business had revenue of $4.48 billion for the quarter, compared to analysts’ expectations of $4.63 billion. During the same quarter last year, the firm earned $1.20 earnings per share. As a group, equities research analysts predict that Nordstrom, Inc. will post 3.77 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Monday, March 11th were issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 3.37%. The ex-dividend date of this dividend was Friday, March 8th. Nordstrom’s dividend payout ratio (DPR) is 41.69%.
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Nordstrom, Inc, a fashion retailer, provides apparel, shoes, cosmetics, and accessories for women, men, young adults, and children. The company operates in two segments, Retail and Credit. The Retail segment offers a range of brand name and private label merchandise through various channels, including Nordstrom branded full-line stores and online store at Nordstrom.com; Nordstrom Rack stores; Nordstromrack.com and HauteLook; Trunk Club clubhouses and TrunkClub.com; Jeffrey boutiques; and clearance stores that operate under the Last Chance name.
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