Crossmark Global Holdings Inc. Decreases Stock Position in Nordstrom, Inc. (NYSE:JWN)

Crossmark Global Holdings Inc. cut its position in Nordstrom, Inc. (NYSE:JWNFree Report) by 54.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 92,394 shares of the specialty retailer’s stock after selling 110,627 shares during the quarter. Crossmark Global Holdings Inc. owned 0.06% of Nordstrom worth $1,704,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Hexagon Capital Partners LLC boosted its stake in shares of Nordstrom by 77.6% in the fourth quarter. Hexagon Capital Partners LLC now owns 1,989 shares of the specialty retailer’s stock valued at $37,000 after purchasing an additional 869 shares during the period. DekaBank Deutsche Girozentrale acquired a new position in Nordstrom during the 3rd quarter worth $45,000. Rowlandmiller & PARTNERS.ADV acquired a new position in Nordstrom during the 4th quarter worth $119,000. Headlands Technologies LLC acquired a new position in Nordstrom during the 4th quarter worth $190,000. Finally, Axxcess Wealth Management LLC acquired a new position in Nordstrom during the 4th quarter worth $196,000. 88.73% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have weighed in on JWN. Barclays raised their price objective on shares of Nordstrom from $15.00 to $18.00 and gave the stock an “underweight” rating in a report on Friday, May 31st. Piper Sandler raised their price objective on shares of Nordstrom from $17.00 to $20.00 and gave the stock a “neutral” rating in a report on Wednesday, March 6th. JPMorgan Chase & Co. raised their price objective on shares of Nordstrom from $15.00 to $17.00 and gave the stock an “underweight” rating in a report on Friday, May 17th. StockNews.com downgraded shares of Nordstrom from a “buy” rating to a “hold” rating in a research report on Monday, June 3rd. Finally, Citigroup reduced their price target 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. Five investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $17.42.

Read Our Latest Stock Analysis on Nordstrom

Nordstrom Trading Up 1.3 %

Shares of NYSE:JWN opened at $21.50 on Friday. The company has a market cap of $3.51 billion, a PE ratio of 11.75, a P/E/G ratio of 2.46 and a beta of 2.58. The company’s 50-day moving average price is $20.18 and its 200 day moving average price is $18.97. Nordstrom, Inc. has a fifty-two week low of $12.88 and a fifty-two week high of $23.54. The company has a quick ratio of 0.36, a current ratio of 1.03 and a debt-to-equity ratio of 3.13.

Nordstrom (NYSE:JWNGet Free Report) last issued its quarterly earnings data on Thursday, May 30th. The specialty retailer reported ($0.24) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.16). The firm had revenue of $3.34 billion during the quarter, compared to the consensus estimate of $3.19 billion. Nordstrom had a negative net margin of 1.35% and a negative return on equity of 26.45%. The company’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.07 earnings per share. Sell-side analysts anticipate that Nordstrom, Inc. will post 1.79 earnings per share for the current year.

Nordstrom Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 19th. Shareholders of record on Tuesday, June 4th will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Tuesday, June 4th. This represents a $0.76 annualized dividend and a yield of 3.53%. Nordstrom’s payout ratio is 41.53%.

About Nordstrom

(Free Report)

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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Institutional Ownership by Quarter for Nordstrom (NYSE:JWN)

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