2,319,900 Shares in Nordstrom, Inc. (NYSE:JWN) Bought by Hennessy Advisors Inc.

Hennessy Advisors Inc. purchased a new stake in shares of Nordstrom, Inc. (NYSE:JWN - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 2,319,900 shares of the specialty retailer's stock, valued at approximately $56,026,000. Nordstrom accounts for approximately 1.7% of Hennessy Advisors Inc.'s holdings, making the stock its 15th largest holding. Hennessy Advisors Inc. owned about 1.41% of Nordstrom at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in JWN. Venturi Wealth Management LLC increased its stake in shares of Nordstrom by 355.9% during the third quarter. Venturi Wealth Management LLC now owns 1,272 shares of the specialty retailer's stock valued at $29,000 after buying an additional 993 shares during the period. Point72 Hong Kong Ltd purchased a new position in Nordstrom during the 2nd quarter valued at $71,000. Blue Trust Inc. increased its position in Nordstrom by 57.7% during the 3rd quarter. Blue Trust Inc. now owns 3,839 shares of the specialty retailer's stock valued at $81,000 after purchasing an additional 1,404 shares during the period. CWM LLC raised its holdings in Nordstrom by 28.7% in the 3rd quarter. CWM LLC now owns 3,628 shares of the specialty retailer's stock worth $82,000 after purchasing an additional 810 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its position in shares of Nordstrom by 70.5% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 5,387 shares of the specialty retailer's stock worth $112,000 after purchasing an additional 2,227 shares during the period. Institutional investors own 88.73% of the company's stock.

Nordstrom Stock Down 0.1 %

Shares of NYSE:JWN traded down $0.02 during trading on Friday, reaching $24.12. 2,058,862 shares of the stock traded hands, compared to its average volume of 3,208,321. The stock has a market cap of $3.98 billion, a P/E ratio of 15.36 and a beta of 2.52. The company has a debt-to-equity ratio of 2.65, a quick ratio of 0.35 and a current ratio of 1.14. The stock has a 50-day moving average of $23.55 and a two-hundred day moving average of $22.81. Nordstrom, Inc. has a 52-week low of $16.78 and a 52-week high of $24.99.

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 analysts' consensus estimates of $0.22 by $0.11. The business had revenue of $3.35 billion during the quarter, compared to analyst estimates of $3.34 billion. Nordstrom had a negative return on equity of 18.04% and a negative net margin of 1.57%. The company's quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.25 EPS. As a group, sell-side analysts expect that Nordstrom, Inc. will post 1.95 earnings per share for the current fiscal year.

Nordstrom Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Tuesday, December 3rd were paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 3.15%. The ex-dividend date was Tuesday, December 3rd. Nordstrom's dividend payout ratio is currently 48.41%.

Analyst Ratings Changes

Several brokerages recently issued reports on JWN. Telsey Advisory Group reiterated a "market perform" rating and set a $24.00 price target on shares of Nordstrom in a research report on Monday, January 13th. KeyCorp downgraded Nordstrom from an "overweight" rating to a "sector weight" rating in a report on Thursday, September 26th. StockNews.com assumed coverage on Nordstrom in a research note on Saturday. They issued a "buy" rating for the company. Bank of America upped their price target on Nordstrom from $20.00 to $22.00 and gave the stock an "underperform" rating in a research note on Wednesday, November 27th. Finally, Evercore ISI raised their price objective on Nordstrom from $22.00 to $24.00 and gave the company an "in-line" rating in a research report on Monday, January 13th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Nordstrom presently has an average rating of "Hold" and an average target price of $22.17.

Nordstrom Company 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.