Measured Wealth Private Client Group LLC Buys New Position in Nordstrom, Inc. (NYSE:JWN)

Measured Wealth Private Client Group LLC purchased a new stake in Nordstrom, Inc. (NYSE:JWN - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 19,979 shares of the specialty retailer's stock, valued at approximately $482,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Hennessy Advisors Inc. purchased a new stake in Nordstrom in the fourth quarter valued at approximately $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 worth $36,570,000 after buying an additional 5,407 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of 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 worth $32,000,000 after buying an additional 208,193 shares during the period. Verition Fund Management LLC boosted its holdings in Nordstrom by 147.4% in the third quarter. Verition Fund Management LLC now owns 1,218,365 shares of the specialty retailer's stock valued at $27,401,000 after acquiring an additional 725,803 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in Nordstrom by 29.7% during the third quarter. JPMorgan Chase & Co. now owns 388,796 shares of the specialty retailer's stock valued at $8,744,000 after acquiring an additional 89,114 shares during the period. Hedge funds and other institutional investors own 88.73% of the company's stock.

Nordstrom Stock Performance

Shares of NYSE JWN traded up $0.07 during trading on Monday, reaching $24.32. The stock had a trading volume of 668,462 shares, compared to its average volume of 2,524,496. 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 market cap of $4.01 billion, a PE ratio of 15.49 and a beta of 2.51. Nordstrom, Inc. has a one year low of $16.78 and a one year high of $24.99. The firm's 50 day moving average price is $23.91 and its two-hundred day moving average price is $23.01.

Nordstrom (NYSE:JWN - Get Free Report) last issued its earnings results on Tuesday, November 26th. The specialty retailer reported $0.33 EPS for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $3.34 billion. During the same period in the previous year, the firm posted $0.25 earnings per share. Nordstrom's quarterly revenue was up 4.6% compared to the same quarter last year. On average, research analysts forecast 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 was paid on Wednesday, December 18th. Shareholders of record on Tuesday, December 3rd were paid a $0.19 dividend. The ex-dividend date was Tuesday, December 3rd. This represents a $0.76 annualized dividend and a dividend yield of 3.13%. Nordstrom's payout ratio is currently 48.41%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on JWN. Barclays lifted their price objective on Nordstrom from $23.00 to $24.00 and gave the company an "equal weight" rating in a research note on Thursday, January 16th. Telsey Advisory Group reiterated a "market perform" rating and set a $24.00 price objective on shares of Nordstrom in a research note on Monday, January 13th. Bank of America raised their target price on shares of Nordstrom from $20.00 to $22.00 and gave the company an "underperform" rating in a research note on Wednesday, November 27th. Evercore ISI upped their price target on shares of Nordstrom from $22.00 to $24.00 and gave the stock an "in-line" rating in a research report on Monday, January 13th. Finally, Argus lowered Nordstrom from a "buy" rating to a "sell" rating in a research report on Monday, December 30th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target 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.