Nordstrom, Inc. (NYSE:JWN) Stock Holdings Increased by State of Alaska Department of Revenue

State of Alaska Department of Revenue increased its position in shares of Nordstrom, Inc. (NYSE:JWN - Free Report) by 603.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 79,046 shares of the specialty retailer's stock after acquiring an additional 67,810 shares during the quarter. State of Alaska Department of Revenue's holdings in Nordstrom were worth $1,908,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. Venturi Wealth Management LLC boosted its holdings in shares of Nordstrom by 355.9% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,272 shares of the specialty retailer's stock valued at $29,000 after purchasing an additional 993 shares during the last quarter. Spire Wealth Management boosted its holdings in shares of Nordstrom by 90.9% in the 4th quarter. Spire Wealth Management now owns 2,100 shares of the specialty retailer's stock valued at $51,000 after purchasing an additional 1,000 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of Nordstrom by 57.7% in 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 last quarter. CWM LLC boosted its holdings in shares of Nordstrom by 28.7% in the 3rd quarter. CWM LLC now owns 3,628 shares of the specialty retailer's stock valued at $82,000 after purchasing an additional 810 shares during the last quarter. Finally, KBC Group NV boosted its holdings in shares of Nordstrom by 36.5% in the 4th quarter. KBC Group NV now owns 4,816 shares of the specialty retailer's stock valued at $116,000 after purchasing an additional 1,287 shares during the last quarter. Institutional investors and hedge funds own 88.73% of the company's stock.

Nordstrom Stock Up 0.1 %

JWN stock traded up $0.03 during mid-day trading on Friday, hitting $24.34. 845,434 shares of the company were exchanged, compared to its average volume of 2,004,105. The company has a market capitalization of $4.02 billion, a PE ratio of 15.50 and a beta of 2.51. 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, Inc. has a twelve month low of $16.78 and a twelve month high of $24.99. The firm has a fifty day simple moving average of $24.01 and a 200 day simple moving average of $23.08.

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

Nordstrom Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Tuesday, December 3rd were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 3.12%. The ex-dividend date of this dividend was Tuesday, December 3rd. Nordstrom's dividend payout ratio (DPR) is presently 48.41%.

Analyst Ratings Changes

JWN has been the topic of a number of research analyst reports. Argus lowered shares of Nordstrom from a "buy" rating to a "sell" rating in a report on Monday, December 30th. Citigroup lifted their price target on shares of Nordstrom from $22.00 to $23.00 and gave the company a "neutral" rating in a report on Tuesday, November 19th. Barclays lifted their price target on shares of Nordstrom from $23.00 to $24.00 and gave the company an "equal weight" rating in a report on Thursday, January 16th. UBS Group raised shares of Nordstrom from a "sell" rating to a "neutral" rating and raised their target price for the company from $14.50 to $24.00 in a research note on Friday, January 10th. Finally, Telsey Advisory Group reissued a "market perform" rating and issued a $24.00 target price on shares of Nordstrom in a research note on Monday, January 13th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus 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.