Stephens Inc. AR Sells 3,646 Shares of Nordstrom, Inc. (NYSE:JWN)

Stephens Inc. AR cut its holdings in Nordstrom, Inc. (NYSE:JWN) by 2.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 149,415 shares of the specialty retailer’s stock after selling 3,646 shares during the period. Stephens Inc. AR’s holdings in Nordstrom were worth $3,608,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Retirement Systems of Alabama lifted its position in shares of Nordstrom by 0.4% during the fourth quarter. Retirement Systems of Alabama now owns 117,801 shares of the specialty retailer’s stock worth $2,845,000 after acquiring an additional 512 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in shares of Nordstrom by 1.2% during the 4th quarter. Janney Montgomery Scott LLC now owns 55,956 shares of the specialty retailer’s stock valued at $1,351,000 after purchasing an additional 640 shares during the period. Wedmont Private Capital raised its stake in shares of Nordstrom by 6.7% during the 4th quarter. Wedmont Private Capital now owns 11,589 shares of the specialty retailer’s stock valued at $278,000 after purchasing an additional 723 shares during the period. State of Alaska Department of Revenue lifted its holdings in Nordstrom by 7.3% during the 3rd quarter. State of Alaska Department of Revenue now owns 11,236 shares of the specialty retailer’s stock worth $252,000 after purchasing an additional 760 shares in the last quarter. Finally, CWM LLC boosted its stake in Nordstrom by 28.7% in the 3rd quarter. CWM LLC now owns 3,628 shares of the specialty retailer’s stock worth $82,000 after purchasing an additional 810 shares during the period. 88.73% of the stock is currently owned by hedge funds and other institutional investors.

Nordstrom Trading Up 0.3 %

Shares of JWN stock opened at $24.32 on Tuesday. The business has a 50-day moving average price of $23.91 and a two-hundred day moving average price of $23.01. Nordstrom, Inc. has a 12-month low of $16.78 and a 12-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. The firm has a market cap of $4.01 billion, a P/E ratio of 15.49 and a beta of 2.51.

Nordstrom (NYSE:JWN) last released its 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. Nordstrom had a negative return on equity of 18.04% and a negative net margin of 1.57%. The company had revenue of $3.35 billion during the quarter, compared to the consensus estimate of $3.34 billion. During the same quarter in the previous year, the company posted $0.25 EPS. Nordstrom’s quarterly revenue was up 4.6% compared to the same quarter last year. Equities analysts anticipate that Nordstrom, Inc. will post 1.97 EPS for the current fiscal year.

Nordstrom Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Tuesday, December 3rd were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 3.13%. The ex-dividend date was Tuesday, December 3rd. Nordstrom’s dividend payout ratio is currently 48.41%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on JWN shares. Bank of America increased their price target on shares of Nordstrom from $20.00 to $22.00 and gave the stock an “underperform” rating in a report on Wednesday, November 27th. Argus cut shares of Nordstrom from a “buy” rating to a “sell” rating in a research note on Monday, December 30th. Telsey Advisory Group restated a “market perform” rating and set a $24.00 price target on shares of Nordstrom in a research report on Monday, January 13th. Citigroup upped their price target 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 price objective on Nordstrom from $23.00 to $24.00 and gave the company an “equal weight” rating in a research note on Thursday, January 16th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average 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.