Crossmark Global Holdings Inc. Boosts Holdings in Nordstrom, Inc. (NYSE:JWN)

Crossmark Global Holdings Inc. raised its stake in Nordstrom, Inc. (NYSE:JWN - Free Report) by 171.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 100,733 shares of the specialty retailer's stock after acquiring an additional 63,600 shares during the period. Crossmark Global Holdings Inc. owned approximately 0.06% of Nordstrom worth $2,432,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Dimensional Fund Advisors LP grew its holdings in shares of Nordstrom by 4.6% in the second quarter. Dimensional Fund Advisors LP now owns 3,136,639 shares of the specialty retailer's stock valued at $66,557,000 after purchasing an additional 137,094 shares in the last quarter. Hennessy Advisors Inc. bought a new position in Nordstrom during the fourth quarter valued at $56,026,000. Geode Capital Management LLC grew its stake in shares of Nordstrom by 0.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,625,616 shares of the specialty retailer's stock worth $36,570,000 after buying an additional 5,407 shares in the last quarter. Marshall Wace LLP increased its holdings in shares of Nordstrom by 38.4% in the 2nd quarter. Marshall Wace LLP now owns 1,479,414 shares of the specialty retailer's stock worth $31,393,000 after buying an additional 410,152 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Nordstrom by 17.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,422,856 shares of the specialty retailer's stock valued at $32,000,000 after buying an additional 208,193 shares in the last quarter. 88.73% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on JWN shares. KeyCorp lowered Nordstrom from an "overweight" rating to a "sector weight" rating in a research report on Thursday, September 26th. Barclays boosted their target price on Nordstrom from $23.00 to $24.00 and gave the company an "equal weight" rating in a research report on Thursday, January 16th. Argus downgraded Nordstrom from a "buy" rating to a "sell" rating in a research report on Monday, December 30th. Citigroup boosted their price objective on shares of Nordstrom from $22.00 to $23.00 and gave the company a "neutral" rating in a research report on Tuesday, November 19th. Finally, Telsey Advisory Group restated a "market perform" rating and issued a $24.00 target price on shares of Nordstrom in a report on Monday, January 13th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $22.17.

Nordstrom Trading Up 0.1 %

JWN stock traded up $0.03 during mid-day trading on Friday, reaching $24.18. The company had a trading volume of 1,740,551 shares, compared to its average volume of 3,197,180. The company has a market capitalization of $3.99 billion, a PE ratio of 15.40 and a beta of 2.52. The firm has a 50 day moving average of $23.65 and a 200 day moving average of $22.87. Nordstrom, Inc. has a 12 month low of $16.78 and a 12 month high of $24.99. 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 (NYSE:JWN - Get Free Report) last announced its quarterly earnings data on Tuesday, November 26th. The specialty retailer reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.11. Nordstrom had a negative return on equity of 18.04% and a negative net margin of 1.57%. The company had revenue of $3.35 billion for the quarter, compared to analysts' expectations of $3.34 billion. During the same quarter in the prior year, the firm earned $0.25 earnings per share. Nordstrom's revenue was up 4.6% compared to the same quarter last year. On average, equities analysts predict that Nordstrom, Inc. will post 1.97 earnings per share for the current fiscal year.

Nordstrom Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Tuesday, December 3rd were given a $0.19 dividend. The ex-dividend date was Tuesday, December 3rd. This represents a $0.76 annualized dividend and a dividend yield of 3.14%. Nordstrom's payout ratio is presently 48.41%.

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.