Proficio Capital Partners LLC Takes $365,000 Position in Nordstrom, Inc. (NYSE:JWN)

Proficio Capital Partners LLC bought a new stake in Nordstrom, Inc. (NYSE:JWN - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 15,118 shares of the specialty retailer's stock, valued at approximately $365,000.

Several other hedge funds and other institutional investors have also made changes to their positions in JWN. Venturi Wealth Management LLC boosted its holdings in shares of 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 acquiring an additional 993 shares in the last quarter. Spire Wealth Management boosted its holdings in 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 purchased a new stake in Nordstrom during the fourth quarter worth about $63,000. KBC Group NV boosted its holdings in Nordstrom by 36.5% during the fourth quarter. KBC Group NV now owns 4,816 shares of the specialty retailer's stock worth $116,000 after buying an additional 1,287 shares in the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in Nordstrom during the fourth quarter worth about $122,000. Hedge funds and other institutional investors own 88.73% of the company's stock.

Nordstrom Trading Up 0.1 %

Shares of NYSE:JWN traded up $0.02 during trading on Thursday, reaching $24.22. The stock had a trading volume of 3,755,582 shares, compared to its average volume of 2,430,279. The business has a fifty day moving average price of $24.25 and a 200-day moving average price of $23.40. The company has a quick ratio of 0.35, a current ratio of 1.14 and a debt-to-equity ratio of 2.65. The stock has a market cap of $4.00 billion, a P/E ratio of 15.42 and a beta of 2.60. Nordstrom, Inc. has a fifty-two week low of $16.78 and a fifty-two week high of $24.99.

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

Nordstrom Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Tuesday, March 11th will be given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.14%. The ex-dividend date of this dividend is Tuesday, March 11th. Nordstrom's dividend payout ratio is presently 44.19%.

Wall Street Analyst Weigh In

JWN has been the topic of a number of research analyst reports. UBS Group raised shares of Nordstrom from a "sell" rating to a "neutral" rating and boosted their price objective for the stock from $14.50 to $24.00 in a report on Friday, January 10th. Citigroup boosted 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 report on Friday, March 7th. They set a "buy" rating on the stock. Argus downgraded shares of Nordstrom from a "buy" rating to a "sell" rating in a report on Monday, December 30th. Finally, Telsey Advisory Group reaffirmed a "market perform" rating and issued a $24.00 price target on shares of Nordstrom in a report on Wednesday, March 5th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $22.90.

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.