Nordstrom, Inc. (NYSE:JWN) Stake Boosted by AlphaQuest LLC

AlphaQuest LLC raised its position in Nordstrom, Inc. (NYSE:JWN - Free Report) by 41,553.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,830 shares of the specialty retailer's stock after buying an additional 10,804 shares during the period. AlphaQuest LLC's holdings in Nordstrom were worth $262,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of JWN. Venturi Wealth Management LLC boosted its holdings in Nordstrom by 355.9% in the third quarter. Venturi Wealth Management LLC now owns 1,272 shares of the specialty retailer's stock valued at $29,000 after purchasing an additional 993 shares during the last quarter. Spire Wealth Management grew its position in shares of Nordstrom by 90.9% during the fourth quarter. Spire Wealth Management now owns 2,100 shares of the specialty retailer's stock worth $51,000 after buying an additional 1,000 shares in the last quarter. Wolverine Asset Management LLC bought a new position in Nordstrom during the 4th quarter valued at $63,000. KBC Group NV increased its position in shares of Nordstrom by 36.5% in the 4th quarter. KBC Group NV now owns 4,816 shares of the specialty retailer's stock worth $116,000 after purchasing an additional 1,287 shares during the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund bought a new position in shares of Nordstrom during the fourth quarter worth about $122,000. 88.73% of the stock is currently owned by institutional investors and hedge funds.

Nordstrom Stock Performance

Shares of NYSE JWN traded up $0.08 during midday trading on Wednesday, reaching $24.32. 1,330,136 shares of the company traded hands, compared to its average volume of 2,440,125. The stock has a 50-day moving average price of $24.25 and a 200 day moving average price of $23.47. The company has a market cap of $4.01 billion, a price-to-earnings ratio of 15.49 and a beta of 2.60. The company has a debt-to-equity ratio of 2.65, a current ratio of 1.14 and a quick ratio of 0.35. Nordstrom, Inc. has a 52 week low of $17.20 and a 52 week high of $24.99.

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Nordstrom (NYSE:JWN - Get Free Report) last released its quarterly earnings results on Tuesday, March 4th. The specialty retailer reported $1.10 EPS for the quarter, topping analysts' consensus estimates of $0.90 by $0.20. The company had revenue of $4.32 billion for the quarter, compared to the consensus estimate of $4.32 billion. Nordstrom had a negative net margin of 1.57% and a negative return on equity of 18.04%. Sell-side analysts anticipate that Nordstrom, Inc. will post 1.97 earnings per share for the current fiscal year.

Nordstrom Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Tuesday, March 11th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 3.13%. The ex-dividend date is Tuesday, March 11th. Nordstrom's dividend payout ratio (DPR) is presently 44.19%.

Analyst Ratings Changes

A number of research analysts have commented on JWN shares. UBS Group raised Nordstrom from a "sell" rating to a "neutral" rating and increased their target price for the stock from $14.50 to $24.00 in a report on Friday, January 10th. Citigroup lifted their price objective on shares of Nordstrom from $22.00 to $23.00 and gave the stock a "neutral" rating in a report on Tuesday, November 19th. StockNews.com initiated coverage on shares of Nordstrom in a research report on Saturday. They issued a "buy" rating on the stock. Argus lowered shares of Nordstrom from a "buy" rating to a "sell" rating in a research note on Monday, December 30th. Finally, Bank of America raised their price target on Nordstrom from $20.00 to $22.00 and gave the stock an "underperform" rating in a report on Wednesday, November 27th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $22.90.

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.