65,646 Shares in Nordstrom, Inc. (NYSE:JWN) Purchased by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC bought a new stake in Nordstrom, Inc. (NYSE:JWN) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 65,646 shares of the specialty retailer’s stock, valued at approximately $1,211,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Cooper Creek Partners Management LLC lifted its stake in Nordstrom by 42.4% in the third quarter. Cooper Creek Partners Management LLC now owns 3,908,377 shares of the specialty retailer’s stock valued at $58,391,000 after purchasing an additional 1,163,437 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of Nordstrom by 42.2% during the 4th quarter. Victory Capital Management Inc. now owns 3,288,612 shares of the specialty retailer’s stock worth $60,675,000 after acquiring an additional 975,918 shares during the period. Nomura Holdings Inc. increased its holdings in Nordstrom by 110.2% in the 3rd quarter. Nomura Holdings Inc. now owns 67,243 shares of the specialty retailer’s stock worth $1,005,000 after acquiring an additional 726,721 shares during the last quarter. Dark Forest Capital Management LP lifted its holdings in Nordstrom by 2,765.7% during the third quarter. Dark Forest Capital Management LP now owns 447,566 shares of the specialty retailer’s stock valued at $6,687,000 after purchasing an additional 431,948 shares during the last quarter. Finally, AQR Capital Management LLC boosted its position in Nordstrom by 29.6% during the third quarter. AQR Capital Management LLC now owns 1,495,469 shares of the specialty retailer’s stock worth $22,238,000 after purchasing an additional 341,491 shares during the period. 88.73% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Telsey Advisory Group reissued a “market perform” rating and issued a $19.00 price target on shares of Nordstrom in a research report on Friday, April 19th. Bank of America raised their price target on Nordstrom from $13.00 to $15.00 and gave the stock an “underperform” rating in a report on Wednesday, March 6th. Barclays boosted their price objective on Nordstrom from $14.00 to $15.00 and gave the company an “underweight” rating in a research note on Wednesday, March 6th. The Goldman Sachs Group raised their target price on Nordstrom from $16.00 to $18.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 6th. Finally, JPMorgan Chase & Co. upped their price target on Nordstrom from $14.00 to $15.00 and gave the company an “underweight” rating in a research report on Wednesday, March 6th. Five research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Nordstrom currently has a consensus rating of “Hold” and an average price target of $16.54.

Nordstrom Stock Up 0.4 %

JWN stock opened at $19.98 on Thursday. Nordstrom, Inc. has a 1-year low of $12.88 and a 1-year high of $23.53. The stock has a market cap of $3.26 billion, a price-to-earnings ratio of 24.98, a price-to-earnings-growth ratio of 2.28 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. The company’s 50 day moving average is $19.04 and its 200 day moving average is $17.85.

Nordstrom (NYSE:JWN) last issued its quarterly earnings results on Tuesday, March 5th. The specialty retailer reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.06. Nordstrom had a net margin of 0.91% and a return on equity of 49.30%. The firm had revenue of $4.29 billion for the quarter, compared to analyst estimates of $4.38 billion. During the same quarter in the prior year, the firm earned $0.74 EPS. The business’s revenue for the quarter was up 2.2% compared to the same quarter last year. Sell-side analysts predict that Nordstrom, Inc. will post 1.81 EPS for the current fiscal year.

Nordstrom Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Tuesday, March 12th were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.80%. The ex-dividend date was Monday, March 11th. Nordstrom’s payout ratio is currently 95.00%.

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.