Versor Investments LP Takes Position in Nordstrom, Inc. (NYSE:JWN)

Versor Investments LP bought a new stake in Nordstrom, Inc. (NYSE:JWN - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 389,624 shares of the specialty retailer's stock, valued at approximately $9,409,000. Nordstrom accounts for about 1.6% of Versor Investments LP's investment portfolio, making the stock its biggest holding. Versor Investments LP owned about 0.24% of Nordstrom as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Venturi Wealth Management LLC grew its holdings in shares of Nordstrom by 355.9% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,272 shares of the specialty retailer's stock worth $29,000 after purchasing an additional 993 shares during the period. Spire Wealth Management increased its position in shares of Nordstrom by 90.9% in the fourth quarter. Spire Wealth Management now owns 2,100 shares of the specialty retailer's stock worth $51,000 after acquiring an additional 1,000 shares in the last quarter. Wolverine Asset Management LLC purchased a new position in shares of Nordstrom in the 4th quarter valued at $63,000. Blue Trust Inc. lifted its holdings in shares of 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 acquiring an additional 1,404 shares in the last quarter. Finally, KBC Group NV boosted its position in Nordstrom by 36.5% during the 4th quarter. KBC Group NV now owns 4,816 shares of the specialty retailer's stock worth $116,000 after purchasing an additional 1,287 shares during the period. Institutional investors and hedge funds own 88.73% of the company's stock.

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Nordstrom Stock Performance

Nordstrom stock traded down $0.03 during midday trading on Monday, reaching $24.26. 2,260,203 shares of the stock traded hands, compared to its average volume of 2,187,318. Nordstrom, Inc. has a fifty-two week low of $16.78 and a fifty-two week high of $24.99. The company has a current ratio of 1.14, a quick ratio of 0.35 and a debt-to-equity ratio of 2.65. The firm has a market cap of $4.00 billion, a price-to-earnings ratio of 15.45 and a beta of 2.51. The firm has a fifty day moving average price of $24.22 and a two-hundred day moving average price of $23.27.

Nordstrom Announces Dividend

The firm 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 dividend of $0.19 per share. The ex-dividend date is Tuesday, March 11th. This represents a $0.76 annualized dividend and a dividend yield of 3.13%. Nordstrom's dividend payout ratio is presently 48.41%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Telsey Advisory Group reiterated a "market perform" rating and set a $24.00 price objective on shares of Nordstrom in a research note on Tuesday, February 25th. StockNews.com assumed coverage on shares of Nordstrom in a research note on Thursday. They set a "buy" rating on the stock. Bank of America raised their target price on Nordstrom from $20.00 to $22.00 and gave the company an "underperform" rating in a research note on Wednesday, November 27th. Evercore ISI boosted their target price 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 cut Nordstrom from a "buy" rating to a "sell" rating in a research note on Monday, December 30th. 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 currently has an average rating of "Hold" and an average target price of $22.17.

About Nordstrom

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.