Nordstrom, Inc. (NYSE:JWN) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC decreased its position in shares of Nordstrom, Inc. (NYSE:JWN - Free Report) by 72.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 17,337 shares of the specialty retailer's stock after selling 46,080 shares during the quarter. SG Americas Securities LLC's holdings in Nordstrom were worth $419,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Algert Global LLC bought a new stake in shares of Nordstrom during the second quarter valued at approximately $210,000. Sanctuary Advisors LLC bought a new stake in Nordstrom in the 2nd quarter valued at $415,000. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Nordstrom in the 2nd quarter valued at $560,000. Axiom Advisory LLC lifted its stake in Nordstrom by 46.0% in the 3rd quarter. Axiom Advisory LLC now owns 1,100,864 shares of the specialty retailer's stock worth $24,456,000 after purchasing an additional 346,994 shares in the last quarter. Finally, CWM LLC grew its position in shares of Nordstrom by 28.7% during the third quarter. CWM LLC now owns 3,628 shares of the specialty retailer's stock valued at $82,000 after purchasing an additional 810 shares in the last quarter. Institutional investors own 88.73% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on JWN shares. UBS Group upgraded Nordstrom from a "sell" rating to a "neutral" rating and boosted their target price for the stock from $14.50 to $24.00 in a research report on Friday, January 10th. StockNews.com started coverage on shares of Nordstrom in a report on Monday. They issued a "buy" rating for the company. Evercore ISI upped their price target on shares of Nordstrom from $22.00 to $24.00 and gave the company an "in-line" rating in a research note on Monday, January 13th. Citigroup lifted their price objective on shares of Nordstrom from $22.00 to $23.00 and gave the stock a "neutral" rating in a research note on Tuesday, November 19th. Finally, Argus downgraded shares of Nordstrom from a "buy" rating to a "sell" rating in a report on Monday, December 30th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, Nordstrom presently has a consensus rating of "Hold" and an average target price of $22.17.

Nordstrom Trading Up 0.3 %

Shares of Nordstrom stock traded up $0.06 on Thursday, hitting $24.33. 1,446,580 shares of the company traded hands, compared to its average volume of 2,640,237. Nordstrom, Inc. has a 52 week low of $16.78 and a 52 week high of $24.99. The company has a market cap of $4.02 billion, a PE ratio of 15.50 and a beta of 2.51. The stock's 50 day moving average price is $23.85 and its 200-day moving average price is $22.96. The company has a current ratio of 1.14, a quick ratio of 0.35 and a debt-to-equity ratio of 2.65.

Nordstrom (NYSE:JWN - Get Free Report) last issued its earnings results on Tuesday, November 26th. The specialty retailer reported $0.33 earnings per share 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 analysts' expectations of $3.34 billion. Nordstrom had a negative return on equity of 18.04% and a negative net margin of 1.57%. The business's revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.25 EPS. Equities research analysts predict that Nordstrom, Inc. will post 1.97 EPS for the current 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 of this dividend was Tuesday, December 3rd. This represents a $0.76 annualized dividend and a dividend yield of 3.12%. Nordstrom's payout ratio is presently 48.41%.

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.