Nordstrom, Inc. (NYSE:JWN) Shares Purchased by US Bancorp DE

US Bancorp DE grew its stake in Nordstrom, Inc. (NYSE:JWN) by 1.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 59,253 shares of the specialty retailer’s stock after acquiring an additional 792 shares during the quarter. US Bancorp DE’s holdings in Nordstrom were worth $1,431,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Quantinno Capital Management LP increased its stake in shares of 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 acquiring an additional 47,923 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Nordstrom by 17.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,422,856 shares of the specialty retailer’s stock worth $32,000,000 after acquiring an additional 208,193 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Nordstrom by 29.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 388,796 shares of the specialty retailer’s stock worth $8,744,000 after acquiring an additional 89,114 shares during the last quarter. Point72 Asset Management L.P. increased its stake in shares of Nordstrom by 190.1% in the 3rd quarter. Point72 Asset Management L.P. now owns 59,678 shares of the specialty retailer’s stock worth $1,342,000 after acquiring an additional 39,104 shares during the last quarter. Finally, Sanctuary Advisors LLC increased its stake in shares of Nordstrom by 160.9% in the 3rd quarter. Sanctuary Advisors LLC now owns 51,071 shares of the specialty retailer’s stock worth $1,187,000 after acquiring an additional 31,498 shares during the last quarter. 88.73% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Evercore ISI increased their price target on Nordstrom from $22.00 to $24.00 and gave the stock an “in-line” rating in a report on Monday, January 13th. Citigroup increased their price target on Nordstrom from $22.00 to $23.00 and gave the stock a “neutral” rating in a report on Tuesday, November 19th. Telsey Advisory Group reiterated a “market perform” rating and set a $24.00 price target on shares of Nordstrom in a report on Wednesday. Bank of America increased their price target on Nordstrom from $20.00 to $22.00 and gave the stock an “underperform” rating in a report on Wednesday, November 27th. Finally, Argus cut Nordstrom from a “buy” rating to a “sell” rating in a report on Monday, December 30th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, Nordstrom currently has an average rating of “Hold” and a consensus price target of $22.90.

Nordstrom Stock Up 0.3 %

JWN opened at $24.46 on Friday. The business’s fifty day moving average is $24.24 and its two-hundred day moving average is $23.33. The company has a debt-to-equity ratio of 2.65, a quick ratio of 0.35 and a current ratio of 1.14. The company has a market cap of $4.04 billion, a price-to-earnings ratio of 15.58 and a beta of 2.60. Nordstrom, Inc. has a one year low of $16.78 and a one year high of $24.99.

Nordstrom (NYSE:JWN) last released its quarterly 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 return on equity of 18.04% and a negative net margin of 1.57%. The company had revenue of $4.32 billion during the quarter, compared to analysts’ expectations of $4.32 billion. Analysts anticipate that Nordstrom, Inc. will post 1.97 EPS for the current fiscal year.

Nordstrom Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Tuesday, March 11th will be paid a $0.19 dividend. The ex-dividend date is Tuesday, March 11th. This represents a $0.76 annualized dividend and a yield of 3.11%. Nordstrom’s payout ratio is currently 44.19%.

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.