Vanguard Group Inc. grew its holdings in Nordstrom, Inc. (NYSE:JWN – Free Report) by 0.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,074,006 shares of the specialty retailer’s stock after buying an additional 46,980 shares during the period. Vanguard Group Inc. owned approximately 6.21% of Nordstrom worth $185,865,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently made changes to their positions in the business. Hexagon Capital Partners LLC grew its position in Nordstrom by 77.6% in the fourth quarter. Hexagon Capital Partners LLC now owns 1,989 shares of the specialty retailer’s stock worth $37,000 after acquiring an additional 869 shares in the last quarter. Rowlandmiller & PARTNERS.ADV bought a new position in shares of Nordstrom during the 4th quarter valued at approximately $119,000. Headlands Technologies LLC bought a new position in shares of Nordstrom during the 4th quarter valued at approximately $190,000. Axxcess Wealth Management LLC purchased a new stake in Nordstrom during the 4th quarter valued at $196,000. Finally, Personal CFO Solutions LLC lifted its position in Nordstrom by 5.7% in the fourth quarter. Personal CFO Solutions LLC now owns 11,882 shares of the specialty retailer’s stock worth $219,000 after buying an additional 636 shares during the last quarter. 88.73% of the stock is currently owned by institutional investors.
Nordstrom Price Performance
Shares of JWN stock opened at $21.46 on Wednesday. Nordstrom, Inc. has a twelve month low of $12.88 and a twelve month high of $23.54. The company has a current ratio of 1.03, a quick ratio of 0.36 and a debt-to-equity ratio of 3.13. The stock has a fifty day simple moving average of $21.00 and a two-hundred day simple moving average of $19.63. The stock has a market capitalization of $3.51 billion, a price-to-earnings ratio of 11.73, a P/E/G ratio of 2.43 and a beta of 2.62.
Nordstrom Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 19th. Investors of record on Tuesday, June 4th were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 3.54%. The ex-dividend date of this dividend was Tuesday, June 4th. Nordstrom’s payout ratio is 41.53%.
Wall Street Analysts Forecast Growth
JWN has been the topic of a number of analyst reports. Citigroup cut their price objective on shares of Nordstrom from $21.00 to $20.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 6th. Telsey Advisory Group reiterated a “market perform” rating and set a $19.00 price target on shares of Nordstrom in a report on Friday, May 31st. StockNews.com raised shares of Nordstrom from a “hold” rating to a “buy” rating in a research note on Wednesday. Jefferies Financial Group reaffirmed a “hold” rating and set a $17.00 target price (down previously from $18.00) on shares of Nordstrom in a research note on Thursday, March 7th. Finally, Piper Sandler raised their price target on Nordstrom from $17.00 to $20.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 6th. Five research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $17.42.
View Our Latest Stock Analysis on JWN
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.
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