Total Clarity Wealth Management Inc. Decreases Stake in Nordstrom, Inc. (NYSE:JWN)

Total Clarity Wealth Management Inc. lessened its holdings in shares of Nordstrom, Inc. (NYSE:JWN) by 16.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,156 shares of the specialty retailer’s stock after selling 3,000 shares during the period. Total Clarity Wealth Management Inc.’s holdings in Nordstrom were worth $366,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Hennessy Advisors Inc. purchased a new position in Nordstrom during the fourth quarter worth approximately $56,026,000. Verition Fund Management LLC boosted its position in shares of Nordstrom by 147.4% during the 3rd quarter. Verition Fund Management LLC now owns 1,218,365 shares of the specialty retailer’s stock valued at $27,401,000 after acquiring an additional 725,803 shares during the last quarter. Axiom Advisory LLC grew its holdings in shares of Nordstrom by 46.0% in the third quarter. Axiom Advisory LLC now owns 1,100,864 shares of the specialty retailer’s stock valued at $24,456,000 after purchasing an additional 346,994 shares during the period. Cyndeo Wealth Partners LLC purchased a new position in Nordstrom during the third quarter worth about $6,248,000. Finally, Hotchkis & Wiley Capital Management LLC acquired a new position in Nordstrom in the 3rd quarter valued at about $6,171,000. Institutional investors and hedge funds own 88.73% of the company’s stock.

Nordstrom Trading Down 0.1 %

Shares of NYSE:JWN opened at $24.22 on Friday. Nordstrom, Inc. has a 52 week low of $16.78 and a 52 week high of $24.99. The company’s 50 day moving average is $23.84 and its two-hundred day moving average is $22.94. The company has a market cap of $4.00 billion, a PE ratio of 15.42 and a beta of 2.52. 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, beating analysts’ consensus estimates of $0.22 by $0.11. The company had revenue of $3.35 billion for the quarter, compared to analysts’ expectations of $3.34 billion. Nordstrom had a negative return on equity of 18.04% and a negative net margin of 1.57%. Nordstrom’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period last year, the firm earned $0.25 earnings per share. Equities analysts predict that Nordstrom, Inc. will post 1.97 earnings per share for the current fiscal year.

Nordstrom Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Tuesday, December 3rd were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $0.76 annualized dividend and a dividend yield of 3.14%. Nordstrom’s dividend payout ratio is presently 48.41%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on JWN. StockNews.com started coverage on shares of Nordstrom in a research report on Sunday, January 26th. They set a “buy” rating on the stock. UBS Group upgraded Nordstrom from a “sell” rating to a “neutral” rating and increased their price target for the stock from $14.50 to $24.00 in a report on Friday, January 10th. Citigroup boosted their price objective on shares of Nordstrom from $22.00 to $23.00 and gave the company a “neutral” rating in a report on Tuesday, November 19th. Barclays lifted their price target on shares of Nordstrom from $23.00 to $24.00 and gave the company an “equal weight” rating in a research report on Thursday, January 16th. Finally, Evercore ISI increased their price objective on shares of Nordstrom from $22.00 to $24.00 and gave the stock an “in-line” rating in a research report on Monday, January 13th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Nordstrom presently has an average rating of “Hold” and a consensus target price 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.