Nordstrom, Inc. (NYSE:JWN) Holdings Raised by Patriot Financial Group Insurance Agency LLC

Patriot Financial Group Insurance Agency LLC grew its stake in shares of Nordstrom, Inc. (NYSE:JWN) by 11.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,346 shares of the specialty retailer’s stock after acquiring an additional 1,330 shares during the period. Patriot Financial Group Insurance Agency LLC’s holdings in Nordstrom were worth $322,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Venturi Wealth Management LLC grew its position in Nordstrom by 355.9% in the third quarter. Venturi Wealth Management LLC now owns 1,272 shares of the specialty retailer’s stock worth $29,000 after acquiring an additional 993 shares in the last quarter. Blue Trust Inc. boosted its holdings in Nordstrom by 57.7% in the third quarter. Blue Trust Inc. now owns 3,839 shares of the specialty retailer’s stock worth $81,000 after purchasing an additional 1,404 shares in the last quarter. CWM LLC increased its position in Nordstrom by 28.7% during the third quarter. CWM LLC now owns 3,628 shares of the specialty retailer’s stock worth $82,000 after buying an additional 810 shares during the last quarter. KBC Group NV raised its holdings in Nordstrom by 36.5% during the fourth quarter. KBC Group NV now owns 4,816 shares of the specialty retailer’s stock valued at $116,000 after buying an additional 1,287 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Nordstrom by 42.2% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,250 shares of the specialty retailer’s stock worth $183,000 after buying an additional 2,450 shares during the last quarter. 88.73% of the stock is owned by institutional investors and hedge funds.

Nordstrom Price Performance

Shares of JWN stock opened at $24.22 on Thursday. Nordstrom, Inc. has a 12 month low of $16.78 and a 12 month high of $24.99. The company has a market capitalization of $4.00 billion, a P/E ratio of 15.42 and a beta of 2.52. The stock has a 50 day moving average of $23.74 and a two-hundred day moving average of $22.92. 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 (NYSE:JWN) last posted its quarterly 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 net margin of 1.57% and a negative return on equity of 18.04%. The firm had revenue of $3.35 billion for the quarter, compared to the consensus estimate of $3.34 billion. During the same quarter in the previous year, the company earned $0.25 earnings per share. The business’s revenue was up 4.6% compared to the same quarter last year. As a group, equities analysts expect that Nordstrom, Inc. will post 1.97 EPS for the current year.

Nordstrom Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Tuesday, December 3rd were given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 3.14%. The ex-dividend date was Tuesday, December 3rd. Nordstrom’s dividend payout ratio (DPR) is presently 48.41%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Evercore ISI raised their price objective on Nordstrom from $22.00 to $24.00 and gave the company an “in-line” rating in a research note on Monday, January 13th. StockNews.com started coverage on shares of Nordstrom in a research note on Sunday. They issued a “buy” rating for the company. Citigroup upped their price objective on shares of 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 issued a $24.00 target price on shares of Nordstrom in a report on Monday, January 13th. Finally, Bank of America upped their price target on shares of Nordstrom from $20.00 to $22.00 and gave the company an “underperform” rating in a report on Wednesday, November 27th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $22.17.

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.