Oak Thistle LLC Invests $642,000 in Nordstrom, Inc. (NYSE:JWN)

Oak Thistle LLC acquired a new position in shares of Nordstrom, Inc. (NYSE:JWNFree Report) in the fourth quarter, Holdings Channel.com reports. The fund acquired 34,792 shares of the specialty retailer’s stock, valued at approximately $642,000.

Other hedge funds also recently made changes to their positions in the company. Premier Path Wealth Partners LLC bought a new stake in Nordstrom in the fourth quarter worth $1,081,000. Wellington Management Group LLP lifted its stake in Nordstrom by 52.9% in the third quarter. Wellington Management Group LLP now owns 363,690 shares of the specialty retailer’s stock worth $5,434,000 after purchasing an additional 125,877 shares during the last quarter. Victory Capital Management Inc. lifted its stake in Nordstrom by 48.7% in the third quarter. Victory Capital Management Inc. now owns 2,312,694 shares of the specialty retailer’s stock worth $34,552,000 after purchasing an additional 757,000 shares during the last quarter. EP Wealth Advisors LLC lifted its stake in Nordstrom by 120.3% in the third quarter. EP Wealth Advisors LLC now owns 12,027 shares of the specialty retailer’s stock worth $180,000 after purchasing an additional 6,567 shares during the last quarter. Finally, CenterBook Partners LP bought a new stake in Nordstrom in the third quarter worth $736,000. 88.73% of the stock is owned by institutional investors.

Analysts Set New Price Targets

JWN has been the subject of several recent research reports. Barclays boosted their price target on shares of Nordstrom from $14.00 to $15.00 and gave the stock an “underweight” rating in a research note on Wednesday, March 6th. JPMorgan Chase & Co. increased their target price on shares of Nordstrom from $14.00 to $15.00 and gave the stock an “underweight” rating in a report on Wednesday, March 6th. Citigroup dropped their target price on shares of Nordstrom from $21.00 to $20.00 and set a “neutral” rating for the company in a report on Wednesday, March 6th. Jefferies Financial Group reiterated a “hold” rating and set a $17.00 target price (down from $18.00) on shares of Nordstrom in a report on Thursday, March 7th. Finally, Telsey Advisory Group increased their target price on shares of Nordstrom from $17.00 to $19.00 and gave the stock a “market perform” rating in a report on Wednesday, March 6th. Five analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $16.54.

Check Out Our Latest Stock Report on Nordstrom

Nordstrom Price Performance

JWN stock opened at $19.49 on Wednesday. Nordstrom, Inc. has a 1 year low of $12.88 and a 1 year high of $23.53. The company has a market cap of $3.18 billion, a P/E ratio of 24.36, a PEG ratio of 2.28 and a beta of 2.59. The firm has a 50-day moving average of $19.25 and a 200 day moving average of $17.00. The company has a debt-to-equity ratio of 3.08, a current ratio of 1.02 and a quick ratio of 0.41.

Nordstrom (NYSE:JWNGet Free Report) last announced its earnings results on Tuesday, March 5th. The specialty retailer reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.06. Nordstrom had a net margin of 0.91% and a return on equity of 49.30%. The business had revenue of $4.29 billion during the quarter, compared to the consensus estimate of $4.38 billion. During the same quarter last year, the firm earned $0.74 earnings per share. The business’s revenue for the quarter was up 2.2% on a year-over-year basis. On average, sell-side analysts forecast that Nordstrom, Inc. will post 1.8 EPS for the current year.

Nordstrom Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Tuesday, March 12th were paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.90%. The ex-dividend date of this dividend was Monday, March 11th. Nordstrom’s dividend payout ratio is 95.00%.

Nordstrom Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Nordstrom (NYSE:JWN)

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