Yousif Capital Management LLC Sells 1,429 Shares of Nordstrom, Inc. (NYSE:JWN)

Yousif Capital Management LLC reduced its stake in shares of Nordstrom, Inc. (NYSE:JWN) by 3.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,217 shares of the specialty retailer’s stock after selling 1,429 shares during the period. Yousif Capital Management LLC’s holdings in Nordstrom were worth $923,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Quantinno Capital Management LP lifted its holdings in Nordstrom by 49.3% in the 3rd quarter. Quantinno Capital Management LP now owns 145,146 shares of the specialty retailer’s stock worth $3,264,000 after purchasing an additional 47,923 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Nordstrom by 17.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,422,856 shares of the specialty retailer’s stock valued at $32,000,000 after purchasing an additional 208,193 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Nordstrom by 29.7% in the third quarter. JPMorgan Chase & Co. now owns 388,796 shares of the specialty retailer’s stock worth $8,744,000 after buying an additional 89,114 shares during the last quarter. Point72 Asset Management L.P. boosted its holdings in shares of Nordstrom by 190.1% during the 3rd quarter. Point72 Asset Management L.P. now owns 59,678 shares of the specialty retailer’s stock worth $1,342,000 after buying an additional 39,104 shares during the period. Finally, Sanctuary Advisors LLC grew its stake in Nordstrom by 160.9% in the 3rd quarter. Sanctuary Advisors LLC now owns 51,071 shares of the specialty retailer’s stock valued at $1,187,000 after buying an additional 31,498 shares during the last quarter. Institutional investors and hedge funds own 88.73% of the company’s stock.

Nordstrom Stock Performance

NYSE:JWN opened at $24.34 on Friday. The stock has a market capitalization of $4.02 billion, a P/E ratio of 15.50 and a beta of 2.51. The company has a current ratio of 1.14, a quick ratio of 0.35 and a debt-to-equity ratio of 2.65. Nordstrom, Inc. has a 1 year low of $16.78 and a 1 year high of $24.99. The firm has a 50 day moving average of $23.99 and a 200-day moving average of $23.06.

Nordstrom (NYSE:JWN) last issued its quarterly earnings data on Tuesday, November 26th. The specialty retailer reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.11. The firm had revenue of $3.35 billion during the quarter, compared to the consensus estimate of $3.34 billion. Nordstrom had a negative return on equity of 18.04% and a negative net margin of 1.57%. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.25 EPS. As a group, sell-side analysts anticipate that Nordstrom, Inc. will post 1.97 EPS for the current fiscal year.

Nordstrom Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Tuesday, December 3rd were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.12%. The ex-dividend date of this dividend was Tuesday, December 3rd. Nordstrom’s dividend payout ratio is presently 48.41%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on JWN shares. StockNews.com began coverage on shares of Nordstrom in a report on Tuesday. They set a “buy” rating for the company. Telsey Advisory Group reiterated a “market perform” rating and set a $24.00 target price on shares of Nordstrom in a research note on Monday, January 13th. Evercore ISI raised their price target on shares of Nordstrom from $22.00 to $24.00 and gave the stock an “in-line” rating in a research report on Monday, January 13th. Argus lowered shares of Nordstrom from a “buy” rating to a “sell” rating in a research report on Monday, December 30th. Finally, UBS Group upgraded shares of Nordstrom from a “sell” rating to a “neutral” rating and increased their target price for the company from $14.50 to $24.00 in a research note on Friday, January 10th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $22.17.

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.