Nisa Investment Advisors LLC Has $618,000 Stake in Nordstrom, Inc. (NYSE:JWN)

Nisa Investment Advisors LLC trimmed its holdings in Nordstrom, Inc. (NYSE:JWN) by 23.8% in the fourth quarter, Holdings Channel reports. The fund owned 33,518 shares of the specialty retailer’s stock after selling 10,490 shares during the period. Nisa Investment Advisors LLC’s holdings in Nordstrom were worth $618,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Lazard Asset Management LLC bought a new stake in shares of Nordstrom in the second quarter valued at about $29,000. Advisory Services Network LLC lifted its holdings in shares of Nordstrom by 315.9% in the first quarter. Advisory Services Network LLC now owns 2,487 shares of the specialty retailer’s stock valued at $40,000 after purchasing an additional 1,889 shares in the last quarter. Captrust Financial Advisors lifted its holdings in shares of Nordstrom by 44.9% in the second quarter. Captrust Financial Advisors now owns 2,738 shares of the specialty retailer’s stock valued at $58,000 after purchasing an additional 849 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new stake in shares of Nordstrom in the third quarter valued at about $45,000. Finally, Dark Forest Capital Management LP lifted its holdings in shares of Nordstrom by 194.2% in the first quarter. Dark Forest Capital Management LP now owns 3,195 shares of the specialty retailer’s stock valued at $52,000 after purchasing an additional 2,109 shares in the last quarter. 88.73% of the stock is owned by institutional investors and hedge funds.

Nordstrom Stock Down 0.3 %

NYSE JWN opened at $17.72 on Wednesday. The business has a fifty day moving average price of $19.26 and a two-hundred day moving average price of $17.31. 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, Inc. has a fifty-two week low of $12.88 and a fifty-two week high of $23.53. The stock has a market capitalization of $2.89 billion, a PE ratio of 22.14, a PEG ratio of 2.16 and a beta of 2.59.

Nordstrom (NYSE:JWN) last announced its earnings results on Tuesday, March 5th. The specialty retailer reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.06. Nordstrom had a return on equity of 49.30% and a net margin of 0.91%. The business had revenue of $4.29 billion during the quarter, compared to analyst estimates of $4.38 billion. During the same period last year, the company earned $0.74 EPS. Nordstrom’s revenue for the quarter was up 2.2% compared to the same quarter last year. Equities analysts expect that Nordstrom, Inc. will post 1.81 earnings per share for the current fiscal year.

Nordstrom Announces Dividend

The business also recently declared 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. The ex-dividend date of this dividend was Monday, March 11th. This represents a $0.76 dividend on an annualized basis and a yield of 4.29%. Nordstrom’s dividend payout ratio (DPR) is currently 95.00%.

Analyst Ratings Changes

JWN has been the topic of several analyst reports. Citigroup dropped their target price on Nordstrom from $21.00 to $20.00 and set a “neutral” rating on the stock in a report on Wednesday, March 6th. Jefferies Financial Group reiterated a “hold” rating and set a $17.00 target price (down previously from $18.00) on shares of Nordstrom in a report on Thursday, March 7th. Barclays upped their target price on Nordstrom from $14.00 to $15.00 and gave the stock an “underweight” rating in a report on Wednesday, March 6th. The Goldman Sachs Group upped their target price on Nordstrom from $16.00 to $18.00 and gave the stock a “neutral” rating in a report on Wednesday, March 6th. Finally, JPMorgan Chase & Co. upped their target price on Nordstrom from $14.00 to $15.00 and gave the stock an “underweight” 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. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $16.54.

About Nordstrom

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.