Vanguard Group Inc. Grows Stock Holdings in Nordstrom, Inc. (NYSE:JWN)

Vanguard Group Inc. grew its holdings in Nordstrom, Inc. (NYSE:JWN) by 0.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,074,006 shares of the specialty retailer’s stock after buying an additional 46,980 shares during the period. Vanguard Group Inc. owned approximately 6.21% of Nordstrom worth $185,865,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Hexagon Capital Partners LLC grew its position in Nordstrom by 77.6% in the fourth quarter. Hexagon Capital Partners LLC now owns 1,989 shares of the specialty retailer’s stock worth $37,000 after acquiring an additional 869 shares in the last quarter. Rowlandmiller & PARTNERS.ADV bought a new position in shares of Nordstrom during the 4th quarter valued at approximately $119,000. Headlands Technologies LLC bought a new position in shares of Nordstrom during the 4th quarter valued at approximately $190,000. Axxcess Wealth Management LLC purchased a new stake in Nordstrom during the 4th quarter valued at $196,000. Finally, Personal CFO Solutions LLC lifted its position in Nordstrom by 5.7% in the fourth quarter. Personal CFO Solutions LLC now owns 11,882 shares of the specialty retailer’s stock worth $219,000 after buying an additional 636 shares during the last quarter. 88.73% of the stock is currently owned by institutional investors.

Nordstrom Price Performance

Shares of JWN stock opened at $21.46 on Wednesday. Nordstrom, Inc. has a twelve month low of $12.88 and a twelve month high of $23.54. The company has a current ratio of 1.03, a quick ratio of 0.36 and a debt-to-equity ratio of 3.13. The stock has a fifty day simple moving average of $21.00 and a two-hundred day simple moving average of $19.63. The stock has a market capitalization of $3.51 billion, a price-to-earnings ratio of 11.73, a P/E/G ratio of 2.43 and a beta of 2.62.

Nordstrom (NYSE:JWN) last released its quarterly earnings data on Thursday, May 30th. The specialty retailer reported ($0.24) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.16). Nordstrom had a negative net margin of 1.35% and a negative return on equity of 26.45%. The firm had revenue of $3.34 billion during the quarter, compared to the consensus estimate of $3.19 billion. During the same quarter in the previous year, the firm earned $0.07 earnings per share. The business’s revenue was up 4.8% compared to the same quarter last year. On average, analysts predict that Nordstrom, Inc. will post 1.79 EPS for the current fiscal year.

Nordstrom Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 19th. Investors of record on Tuesday, June 4th were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 3.54%. The ex-dividend date of this dividend was Tuesday, June 4th. Nordstrom’s payout ratio is 41.53%.

Wall Street Analysts Forecast Growth

JWN has been the topic of a number of analyst reports. Citigroup cut their price objective on shares of Nordstrom from $21.00 to $20.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 6th. Telsey Advisory Group reiterated a “market perform” rating and set a $19.00 price target on shares of Nordstrom in a report on Friday, May 31st. StockNews.com raised shares of Nordstrom from a “hold” rating to a “buy” rating in a research note on Wednesday. Jefferies Financial Group reaffirmed a “hold” rating and set a $17.00 target price (down previously from $18.00) on shares of Nordstrom in a research note on Thursday, March 7th. Finally, Piper Sandler raised their price target on Nordstrom from $17.00 to $20.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 6th. Five research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $17.42.

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.