Mutual of America Capital Management LLC Sells 1,005 Shares of Nordstrom, Inc. (NYSE:JWN)

Mutual of America Capital Management LLC cut its position in shares of Nordstrom, Inc. (NYSE:JWN) by 1.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 51,178 shares of the specialty retailer’s stock after selling 1,005 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Nordstrom were worth $1,236,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Versor Investments LP bought a new stake in shares of Nordstrom in the 4th quarter worth approximately $9,409,000. Proficio Capital Partners LLC acquired a new position in shares of Nordstrom in the fourth quarter valued at $365,000. Amalgamated Bank boosted its stake in Nordstrom by 1.4% during the fourth quarter. Amalgamated Bank now owns 45,083 shares of the specialty retailer’s stock worth $1,089,000 after buying an additional 617 shares in the last quarter. Wolverine Asset Management LLC bought a new stake in Nordstrom in the 4th quarter valued at $63,000. Finally, Hussman Strategic Advisors Inc. raised its stake in shares of Nordstrom by 33.3% in the 4th quarter. Hussman Strategic Advisors Inc. now owns 84,000 shares of the specialty retailer’s stock valued at $2,029,000 after buying an additional 21,000 shares in the last quarter. 88.73% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on JWN. Telsey Advisory Group reissued a “market perform” rating and issued a $24.00 target price on shares of Nordstrom in a research note on Wednesday, March 5th. UBS Group raised Nordstrom from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $14.50 to $24.00 in a report on Friday, January 10th. Barclays increased their target price on Nordstrom from $23.00 to $24.00 and gave the stock an “equal weight” rating in a report on Thursday, January 16th. StockNews.com assumed coverage on Nordstrom in a research note on Friday. They issued a “buy” rating on the stock. Finally, Citigroup increased their price objective on Nordstrom from $22.00 to $23.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 19th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $22.90.

Nordstrom Stock Performance

Nordstrom stock opened at $24.46 on Monday. The stock has a 50-day simple moving average of $24.24 and a 200 day simple moving average of $23.35. The stock has a market capitalization of $4.04 billion, a price-to-earnings ratio of 15.58 and a beta of 2.60. 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, Inc. has a 12-month low of $16.78 and a 12-month high of $24.99.

Nordstrom (NYSE:JWN) last announced its earnings results on Tuesday, March 4th. The specialty retailer reported $1.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.20. Nordstrom had a negative net margin of 1.57% and a negative return on equity of 18.04%. The company had revenue of $4.32 billion during the quarter, compared to the consensus estimate of $4.32 billion. On average, research analysts anticipate that Nordstrom, Inc. will post 1.97 earnings per share for the current fiscal year.

Nordstrom Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Tuesday, March 11th will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 3.11%. The ex-dividend date of this dividend is Tuesday, March 11th. Nordstrom’s dividend payout ratio is 44.19%.

Nordstrom 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.