LSV Asset Management Boosts Holdings in Nordstrom, Inc. (NYSE:JWN)

LSV Asset Management raised its position in Nordstrom, Inc. (NYSE:JWN) by 15.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,544,496 shares of the specialty retailer’s stock after buying an additional 203,807 shares during the period. LSV Asset Management owned approximately 0.95% of Nordstrom worth $28,496,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Hexagon Capital Partners LLC grew its stake in Nordstrom by 77.6% during the 4th quarter. Hexagon Capital Partners LLC now owns 1,989 shares of the specialty retailer’s stock valued at $37,000 after purchasing an additional 869 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new position in shares of Nordstrom during the third quarter worth about $45,000. Rowlandmiller & PARTNERS.ADV acquired a new position in Nordstrom in the fourth quarter worth about $119,000. Headlands Technologies LLC bought a new stake in Nordstrom in the fourth quarter valued at about $190,000. Finally, Gallacher Capital Management LLC acquired a new stake in Nordstrom during the third quarter valued at approximately $166,000. 88.73% of the stock is currently owned by institutional investors and hedge funds.

Nordstrom Price Performance

Shares of Nordstrom stock opened at $20.19 on Monday. Nordstrom, Inc. has a 52 week low of $12.88 and a 52 week high of $23.53. The company has a current ratio of 1.02, a quick ratio of 0.41 and a debt-to-equity ratio of 3.08. The company’s 50-day moving average price is $19.11 and its two-hundred day moving average price is $17.75. The stock has a market cap of $3.30 billion, a PE ratio of 25.13, a price-to-earnings-growth ratio of 2.28 and a beta of 2.59.

Nordstrom (NYSE:JWN) last released its earnings results on Tuesday, March 5th. The specialty retailer reported $0.96 EPS for the quarter, beating the consensus estimate of $0.90 by $0.06. The business had revenue of $4.29 billion during the quarter, compared to analyst estimates of $4.38 billion. Nordstrom had a net margin of 0.91% and a return on equity of 49.30%. The business’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.74 earnings per share. As a group, sell-side analysts anticipate that Nordstrom, Inc. will post 1.81 EPS for the current fiscal year.

Nordstrom Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Tuesday, March 12th were given a $0.19 dividend. The ex-dividend date was Monday, March 11th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.76%. Nordstrom’s dividend payout ratio (DPR) is 95.00%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. The Goldman Sachs Group lifted their price objective on shares of Nordstrom from $16.00 to $18.00 and gave the stock a “neutral” rating in a report on Wednesday, March 6th. StockNews.com raised shares of Nordstrom from a “hold” rating to a “buy” rating in a report on Thursday, March 14th. Piper Sandler upped their target price on Nordstrom from $17.00 to $20.00 and gave the company a “neutral” rating in a report on Wednesday, March 6th. Telsey Advisory Group reissued a “market perform” rating and issued a $19.00 price target on shares of Nordstrom in a report on Friday, April 19th. Finally, Barclays upped their price objective on Nordstrom from $14.00 to $15.00 and gave the stock an “underweight” rating in a research note on Wednesday, March 6th. Five analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $16.54.

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.