Yousif Capital Management LLC lessened its holdings in Nordstrom, Inc. (NYSE:JWN – Get Rating) by 8.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 63,857 shares of the specialty retailer’s stock after selling 5,667 shares during the period. Yousif Capital Management LLC’s holdings in Nordstrom were worth $1,068,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also modified their holdings of the business. Vanguard Group Inc. lifted its stake in shares of Nordstrom by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 10,276,748 shares of the specialty retailer’s stock valued at $278,603,000 after purchasing an additional 160,514 shares during the last quarter. State Street Corp lifted its stake in shares of Nordstrom by 5.5% in the 1st quarter. State Street Corp now owns 4,552,284 shares of the specialty retailer’s stock valued at $124,245,000 after purchasing an additional 239,120 shares during the last quarter. Renaissance Technologies LLC lifted its stake in shares of Nordstrom by 240.8% in the 1st quarter. Renaissance Technologies LLC now owns 1,988,500 shares of the specialty retailer’s stock valued at $53,908,000 after purchasing an additional 1,405,000 shares during the last quarter. Douglas Lane & Associates LLC lifted its stake in shares of Nordstrom by 1.1% in the 3rd quarter. Douglas Lane & Associates LLC now owns 1,402,184 shares of the specialty retailer’s stock valued at $23,459,000 after purchasing an additional 15,183 shares during the last quarter. Finally, Pacifica Capital Investments LLC lifted its stake in Nordstrom by 5.1% during the 2nd quarter. Pacifica Capital Investments LLC now owns 865,437 shares of the specialty retailer’s stock worth $18,287,000 after acquiring an additional 41,767 shares in the last quarter. Institutional investors and hedge funds own 66.41% of the company’s stock.
Wall Street Analyst Weigh In
Several research firms recently issued reports on JWN. Deutsche Bank Aktiengesellschaft decreased their target price on Nordstrom from $21.00 to $17.00 in a research note on Friday, January 20th. Telsey Advisory Group decreased their target price on Nordstrom from $25.00 to $19.00 and set a “market perform” rating on the stock in a research note on Friday, January 20th. Citigroup decreased their target price on Nordstrom from $21.00 to $17.00 and set a “neutral” rating on the stock in a research note on Friday, January 20th. Credit Suisse Group decreased their target price on Nordstrom from $20.00 to $17.00 and set a “neutral” rating on the stock in a research note on Friday, January 20th. Finally, BMO Capital Markets decreased their target price on Nordstrom from $23.00 to $20.00 and set a “market perform” rating on the stock in a research note on Friday, January 20th. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $19.24.
Nordstrom Trading Up 24.8 %
JWN opened at $26.38 on Monday. Nordstrom, Inc. has a one year low of $15.52 and a one year high of $29.59. The company has a market cap of $4.22 billion, a P/E ratio of 13.19, a PEG ratio of 0.76 and a beta of 2.22. The company has a debt-to-equity ratio of 4.71, a quick ratio of 0.24 and a current ratio of 0.99. The business’s 50-day simple moving average is $17.96 and its 200-day simple moving average is $19.59.
Nordstrom (NYSE:JWN – Get Rating) last released its quarterly earnings data on Tuesday, November 22nd. The specialty retailer reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.06. Nordstrom had a return on equity of 58.09% and a net margin of 2.08%. The business had revenue of $3.50 billion for the quarter, compared to the consensus estimate of $3.49 billion. During the same quarter in the prior year, the business posted $0.39 EPS. The business’s revenue for the quarter was down 3.8% on a year-over-year basis. As a group, equities research analysts expect that Nordstrom, Inc. will post 1.64 EPS for the current fiscal year.
Nordstrom Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 14th. Stockholders of record on Tuesday, November 29th were issued a $0.19 dividend. The ex-dividend date of this dividend was Monday, November 28th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.88%. Nordstrom’s payout ratio is currently 38.00%.
Nordstrom Company Profile
Nordstrom, Inc engages in the manufacture and trade of clothes, shoes, and accessories. It operates through the following segments: Retail and Corporate/Other. The Retail segment consists of a selection of high-quality, brand-name, and private label merchandise, which includes apparel, shoes, cosmetics, and accessories for women, men, young adults, and children.