Mutual of America Capital Management LLC Lowers Holdings in Nordstrom, Inc. (NYSE:JWN)

Mutual of America Capital Management LLC trimmed its holdings in Nordstrom, Inc. (NYSE:JWN) by 4.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 60,135 shares of the specialty retailer’s stock after selling 3,047 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Nordstrom were worth $1,109,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale purchased a new stake in Nordstrom in the third quarter valued at $45,000. Rowlandmiller & PARTNERS.ADV purchased a new stake in shares of Nordstrom during the 4th quarter worth about $119,000. Impact Partnership Wealth LLC purchased a new stake in shares of Nordstrom during the 3rd quarter worth about $115,000. Gallacher Capital Management LLC purchased a new stake in shares of Nordstrom during the 3rd quarter worth about $166,000. Finally, AE Wealth Management LLC purchased a new stake in shares of Nordstrom during the 3rd quarter worth about $168,000. 88.73% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on JWN shares. 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 research note on Wednesday, March 6th. StockNews.com raised shares of Nordstrom from a “hold” rating to a “buy” rating in a research note on Thursday, March 14th. Piper Sandler increased their target price on shares of Nordstrom from $17.00 to $20.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 6th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $19.00 price target on shares of Nordstrom in a research note on Friday. Finally, Citigroup decreased their price target on shares of Nordstrom from $21.00 to $20.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 6th. Five equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $16.54.

Nordstrom Stock Down 0.7 %

JWN stock opened at $18.79 on Tuesday. The company has a market cap of $3.07 billion, a price-to-earnings ratio of 23.49, a PEG ratio of 2.14 and a beta of 2.59. The company has a current ratio of 1.02, a quick ratio of 0.41 and a debt-to-equity ratio of 3.08. Nordstrom, Inc. has a 12 month low of $12.88 and a 12 month high of $23.53. The firm has a 50-day moving average of $19.22 and a two-hundred day moving average of $17.43.

Nordstrom (NYSE:JWN) last released its quarterly earnings data on Tuesday, March 5th. The specialty retailer reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.06. The company had revenue of $4.29 billion during the quarter, compared to the consensus estimate of $4.38 billion. Nordstrom had a net margin of 0.91% and a return on equity of 49.30%. Nordstrom’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.74 EPS. As a group, analysts forecast that Nordstrom, Inc. will post 1.81 earnings per share for the current fiscal year.

Nordstrom Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Tuesday, March 12th were issued a dividend of $0.19 per share. The ex-dividend date was Monday, March 11th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.04%. Nordstrom’s dividend payout ratio is currently 95.00%.

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.