SG Americas Securities LLC Sells 46,080 Shares of Nordstrom, Inc. (NYSE:JWN)

SG Americas Securities LLC lessened its stake in Nordstrom, Inc. (NYSE:JWN) by 72.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 17,337 shares of the specialty retailer’s stock after selling 46,080 shares during the period. SG Americas Securities LLC’s holdings in Nordstrom were worth $419,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Venturi Wealth Management LLC lifted its stake in Nordstrom by 355.9% during the third quarter. Venturi Wealth Management LLC now owns 1,272 shares of the specialty retailer’s stock worth $29,000 after purchasing an additional 993 shares during the period. Blue Trust Inc. increased its holdings in shares of Nordstrom by 57.7% in the third quarter. Blue Trust Inc. now owns 3,839 shares of the specialty retailer’s stock valued at $81,000 after purchasing an additional 1,404 shares in the last quarter. CWM LLC increased its holdings in shares of Nordstrom by 28.7% in the third quarter. CWM LLC now owns 3,628 shares of the specialty retailer’s stock valued at $82,000 after purchasing an additional 810 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Nordstrom by 42.2% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,250 shares of the specialty retailer’s stock valued at $183,000 after purchasing an additional 2,450 shares in the last quarter. Finally, Algert Global LLC acquired a new stake in shares of Nordstrom in the second quarter valued at approximately $210,000. Institutional investors own 88.73% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on JWN. Argus lowered shares of Nordstrom from a “buy” rating to a “sell” rating in a report on Monday, December 30th. UBS Group raised shares of Nordstrom from a “sell” rating to a “neutral” rating and raised their price target for the company from $14.50 to $24.00 in a report on Friday, January 10th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $24.00 target price on shares of Nordstrom in a report on Monday, January 13th. Citigroup lifted their target price on shares of Nordstrom from $22.00 to $23.00 and gave the stock a “neutral” rating in a report on Tuesday, November 19th. Finally, Barclays lifted their target price on shares of Nordstrom from $23.00 to $24.00 and gave the stock an “equal weight” rating in a report on Thursday, January 16th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Nordstrom has an average rating of “Hold” and an average price target of $22.17.

Nordstrom Trading Down 0.1 %

Shares of NYSE JWN opened at $24.22 on Monday. The company’s fifty day moving average is $23.84 and its 200-day moving average is $22.94. The stock has a market cap of $4.00 billion, a price-to-earnings ratio of 15.42 and a beta of 2.52. Nordstrom, Inc. has a twelve month low of $16.78 and a twelve month high of $24.99. The company has a quick ratio of 0.35, a current ratio of 1.14 and a debt-to-equity ratio of 2.65.

Nordstrom (NYSE:JWN) last announced its quarterly earnings results on Tuesday, November 26th. The specialty retailer reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.11. The company had revenue of $3.35 billion for the quarter, compared to analysts’ expectations of $3.34 billion. Nordstrom had a negative net margin of 1.57% and a negative return on equity of 18.04%. The business’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period last year, the firm posted $0.25 earnings per share. Equities research analysts predict that Nordstrom, Inc. will post 1.97 EPS for the current year.

Nordstrom Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Tuesday, December 3rd were given a $0.19 dividend. The ex-dividend date was Tuesday, December 3rd. This represents a $0.76 annualized dividend and a yield of 3.14%. Nordstrom’s dividend payout ratio is currently 48.41%.

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.