Cyndeo Wealth Partners LLC Purchases 13,021 Shares of Nordstrom, Inc. (NYSE:JWN)

Cyndeo Wealth Partners LLC increased its stake in shares of Nordstrom, Inc. (NYSE:JWN - Free Report) by 4.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 290,814 shares of the specialty retailer's stock after acquiring an additional 13,021 shares during the period. Cyndeo Wealth Partners LLC owned 0.18% of Nordstrom worth $7,023,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Dimensional Fund Advisors LP increased its holdings in shares of Nordstrom by 4.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,136,639 shares of the specialty retailer's stock valued at $66,557,000 after acquiring an additional 137,094 shares during the last quarter. Hennessy Advisors Inc. acquired a new position in shares of Nordstrom during the 4th quarter valued at about $56,026,000. Geode Capital Management LLC increased its holdings in shares of Nordstrom by 0.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,625,616 shares of the specialty retailer's stock valued at $36,570,000 after acquiring an additional 5,407 shares during the last quarter. Marshall Wace LLP grew its holdings in Nordstrom by 38.4% in the 2nd quarter. Marshall Wace LLP now owns 1,479,414 shares of the specialty retailer's stock valued at $31,393,000 after buying an additional 410,152 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Nordstrom by 17.1% in 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 during the last quarter. Institutional investors and hedge funds own 88.73% of the company's stock.

Nordstrom Price Performance

Shares of Nordstrom stock traded up $0.03 during midday trading on Friday, hitting $24.18. 1,740,551 shares of the company were exchanged, compared to its average volume of 2,734,301. The company has a debt-to-equity ratio of 2.65, a current ratio of 1.14 and a quick ratio of 0.35. The firm has a market cap of $3.99 billion, a P/E ratio of 15.40 and a beta of 2.52. Nordstrom, Inc. has a 52 week low of $16.78 and a 52 week high of $24.99. The firm has a 50 day simple moving average of $23.67 and a 200-day simple moving average of $22.89.

Nordstrom (NYSE:JWN - Get Free Report) last posted its earnings results on Tuesday, November 26th. The specialty retailer reported $0.33 EPS for the quarter, topping the consensus estimate of $0.22 by $0.11. The business had revenue of $3.35 billion during the quarter, compared to the consensus estimate of $3.34 billion. Nordstrom had a negative return on equity of 18.04% and a negative net margin of 1.57%. Nordstrom's revenue was up 4.6% on a year-over-year basis. During the same quarter last year, the company earned $0.25 EPS. Research analysts forecast that Nordstrom, Inc. will post 1.97 earnings per share for the current year.

Nordstrom Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders 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 yield of 3.14%. Nordstrom's payout ratio is 48.41%.

Wall Street Analyst Weigh In

JWN has been the topic of a number of research analyst reports. Argus lowered Nordstrom from a "buy" rating to a "sell" rating in a report on Monday, December 30th. Evercore ISI raised their target price on Nordstrom from $22.00 to $24.00 and gave the company an "in-line" rating in a report on Monday, January 13th. Bank of America raised their target price on Nordstrom from $20.00 to $22.00 and gave the company an "underperform" rating in a report on Wednesday, November 27th. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $24.00 target price on shares of Nordstrom in a report on Monday, January 13th. Finally, Citigroup raised their target price on Nordstrom from $22.00 to $23.00 and gave the company a "neutral" rating in a report on Tuesday, November 19th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Nordstrom currently has an average rating of "Hold" and an average target price of $22.17.

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.