Nordstrom, Inc. (NYSE:JWN) Stock Holdings Lifted by Victory Capital Management Inc.

Victory Capital Management Inc. boosted its position in Nordstrom, Inc. (NYSE:JWN) by 1.7% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,371,988 shares of the specialty retailer’s stock after purchasing an additional 57,546 shares during the quarter. Victory Capital Management Inc. owned about 2.06% of Nordstrom worth $71,554,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of JWN. Register Financial Advisors LLC bought a new stake in Nordstrom in the 1st quarter valued at about $30,000. Atlas Capital Advisors LLC lifted its position in Nordstrom by 101.8% in the 2nd quarter. Atlas Capital Advisors LLC now owns 1,491 shares of the specialty retailer’s stock valued at $32,000 after purchasing an additional 752 shares during the last quarter. Rothschild Investment LLC bought a new stake in Nordstrom in the 2nd quarter valued at about $39,000. Spire Wealth Management lifted its position in Nordstrom by 100.0% in the 1st quarter. Spire Wealth Management now owns 2,200 shares of the specialty retailer’s stock valued at $45,000 after purchasing an additional 1,100 shares during the last quarter. Finally, Blue Trust Inc. lifted its position in Nordstrom by 10,045.8% in the 2nd quarter. Blue Trust Inc. now owns 2,435 shares of the specialty retailer’s stock valued at $49,000 after purchasing an additional 2,411 shares during the last quarter. 88.73% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

JWN has been the topic of several recent research reports. BMO Capital Markets lifted their price objective on shares of Nordstrom from $20.00 to $22.00 and gave the company a “market perform” rating in a research report on Wednesday, August 28th. StockNews.com raised shares of Nordstrom from a “hold” rating to a “buy” rating in a research note on Thursday, August 8th. JPMorgan Chase & Co. raised their target price on shares of Nordstrom from $19.00 to $20.00 and gave the company an “underweight” rating in a research note on Wednesday, August 28th. The Goldman Sachs Group raised their target price on shares of Nordstrom from $19.00 to $21.00 and gave the company a “neutral” rating in a research note on Wednesday, August 28th. Finally, TD Cowen raised their target price on shares of Nordstrom from $24.00 to $25.00 and gave the company a “hold” rating in a research note on Wednesday, August 28th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $20.23.

Nordstrom Stock Performance

Shares of JWN opened at $22.82 on Friday. The firm’s 50 day moving average is $22.10 and its 200-day moving average is $20.80. The stock has a market capitalization of $3.73 billion, a P/E ratio of 12.47, a P/E/G ratio of 2.41 and a beta of 2.61. The company has a debt-to-equity ratio of 2.76, a current ratio of 1.07 and a quick ratio of 0.36. Nordstrom, Inc. has a 12-month low of $12.88 and a 12-month high of $24.03.

Nordstrom (NYSE:JWN) last announced its quarterly earnings data on Tuesday, August 27th. The specialty retailer reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.25. The company had revenue of $3.89 billion for the quarter, compared to analysts’ expectations of $3.88 billion. Nordstrom had a negative net margin of 1.44% and a negative return on equity of 21.26%. The business’s revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.84 EPS. Equities research analysts anticipate that Nordstrom, Inc. will post 1.9 EPS for the current fiscal year.

Nordstrom Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 18th. Shareholders of record on Tuesday, September 3rd will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 3.33%. The ex-dividend date is Tuesday, September 3rd. Nordstrom’s payout ratio is 41.53%.

About Nordstrom

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.