EverSource Wealth Advisors LLC Boosts Holdings in Nordstrom, Inc. (NYSE:JWN)

EverSource Wealth Advisors LLC boosted its position in shares of Nordstrom, Inc. (NYSE:JWN) by 2,021.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 6,300 shares of the specialty retailer’s stock after purchasing an additional 6,003 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Nordstrom were worth $152,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Spire Wealth Management lifted its stake in shares of Nordstrom by 90.9% in the fourth quarter. Spire Wealth Management now owns 2,100 shares of the specialty retailer’s stock worth $51,000 after buying an additional 1,000 shares in the last quarter. Wolverine Asset Management LLC bought a new position in Nordstrom in the 4th quarter valued at approximately $63,000. KBC Group NV boosted its stake in Nordstrom by 36.5% during the 4th quarter. KBC Group NV now owns 4,816 shares of the specialty retailer’s stock valued at $116,000 after purchasing an additional 1,287 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund bought a new stake in shares of Nordstrom in the 4th quarter worth $122,000. Finally, Blue Trust Inc. raised its stake in shares of Nordstrom by 51.9% in the fourth quarter. Blue Trust Inc. now owns 5,832 shares of the specialty retailer’s stock worth $131,000 after purchasing an additional 1,993 shares during the last quarter. 88.73% of the stock is currently owned by institutional investors.

Nordstrom Price Performance

NYSE JWN opened at $24.23 on Tuesday. The business’s fifty day moving average is $24.25 and its 200 day moving average is $23.46. Nordstrom, Inc. has a fifty-two week low of $16.79 and a fifty-two week high of $24.99. 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 capitalization of $4.00 billion, a PE ratio of 15.43 and a beta of 2.60.

Nordstrom (NYSE:JWN) last issued its earnings results on Tuesday, March 4th. The specialty retailer reported $1.10 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.20. The company had revenue of $4.32 billion during the quarter, compared to the consensus estimate of $4.32 billion. Nordstrom had a negative net margin of 1.57% and a negative return on equity of 18.04%. Sell-side analysts predict that Nordstrom, Inc. will post 1.97 earnings per share for the current 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 dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 3.14%. The ex-dividend date is Tuesday, March 11th. Nordstrom’s dividend payout ratio (DPR) is presently 44.19%.

Analyst Upgrades and Downgrades

Several research firms recently commented on JWN. Bank of America lifted their price objective on Nordstrom from $20.00 to $22.00 and gave the stock an “underperform” rating in a report on Wednesday, November 27th. Telsey Advisory Group reiterated a “market perform” rating and issued a $24.00 price target on shares of Nordstrom in a research note on Wednesday, March 5th. Argus downgraded shares of Nordstrom from a “buy” rating to a “sell” rating in a research report on Monday, December 30th. UBS Group raised shares of Nordstrom from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $14.50 to $24.00 in a research report on Friday, January 10th. Finally, Evercore ISI increased their price target on Nordstrom from $22.00 to $24.00 and gave the company an “in-line” rating in a report on Monday, January 13th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $22.90.

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.