Nordstrom, Inc. (NYSE:JWN) Holdings Decreased by Victory Capital Management Inc.

Victory Capital Management Inc. trimmed its position in Nordstrom, Inc. (NYSE:JWN) by 59.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 144,693 shares of the specialty retailer’s stock after selling 215,260 shares during the quarter. Victory Capital Management Inc.’s holdings in Nordstrom were worth $3,494,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. Hennessy Advisors Inc. bought a new stake in shares of Nordstrom in the 4th quarter valued at approximately $56,026,000. Charles Schwab Investment Management Inc. increased its holdings in shares of Nordstrom by 20.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,712,452 shares of the specialty retailer’s stock valued at $41,356,000 after acquiring an additional 289,596 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Nordstrom by 0.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,625,616 shares of the specialty retailer’s stock valued at $36,570,000 after acquiring an additional 5,407 shares during the last quarter. Verition Fund Management LLC increased its holdings in shares of Nordstrom by 147.4% in 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. Finally, Versor Investments LP bought a new stake in shares of Nordstrom in the 4th quarter valued at approximately $9,409,000. 88.73% of the stock is currently owned by institutional investors.

Nordstrom Trading Down 0.1 %

Shares of JWN stock opened at $24.21 on Monday. The company has a debt-to-equity ratio of 2.65, a quick ratio of 0.35 and a current ratio of 1.14. Nordstrom, Inc. has a 1 year low of $16.79 and a 1 year high of $24.99. The stock has a fifty day moving average of $24.25 and a two-hundred day moving average of $23.44. The firm has a market capitalization of $3.99 billion, a PE ratio of 15.42 and a beta of 2.60.

Nordstrom (NYSE:JWN) last announced its quarterly earnings data on Tuesday, March 4th. The specialty retailer reported $1.10 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.20. The business had revenue of $4.32 billion during the quarter, compared to analyst estimates of $4.32 billion. Nordstrom had a negative return on equity of 18.04% and a negative net margin of 1.57%. As a group, research analysts expect that Nordstrom, Inc. will post 1.97 EPS for the current year.

Nordstrom Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Tuesday, March 11th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $0.76 annualized dividend and a dividend yield of 3.14%. Nordstrom’s dividend payout ratio (DPR) is 44.19%.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Barclays upped their price objective on Nordstrom from $23.00 to $24.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 16th. Telsey Advisory Group restated a “market perform” rating and set a $24.00 price objective on shares of Nordstrom in a research note on Wednesday, March 5th. Argus downgraded Nordstrom from a “buy” rating to a “sell” rating in a research note on Monday, December 30th. StockNews.com assumed coverage on Nordstrom in a research note on Saturday. They set a “buy” rating for the company. Finally, Evercore ISI upped their price objective on Nordstrom from $22.00 to $24.00 and gave the stock an “in-line” rating in a research note on Monday, January 13th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, Nordstrom presently has an average rating of “Hold” and an average price target of $22.90.

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.