2,603 Shares in Nordstrom, Inc. (NYSE:JWN) Bought by Vestcor Inc

Vestcor Inc acquired a new position in Nordstrom, Inc. (NYSE:JWN) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,603 shares of the specialty retailer’s stock, valued at approximately $63,000.

Other large investors have also recently bought and sold shares of the company. Hennessy Advisors Inc. bought a new stake in Nordstrom during the fourth quarter valued at about $56,026,000. Great Lakes Advisors LLC bought a new stake in Nordstrom during the fourth quarter valued at about $21,736,000. Verition Fund Management LLC boosted its holdings in Nordstrom by 147.4% during the third quarter. Verition Fund Management LLC now owns 1,218,365 shares of the specialty retailer’s stock valued at $27,401,000 after acquiring an additional 725,803 shares during the period. Versor Investments LP bought a new stake in Nordstrom during the fourth quarter valued at about $9,409,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Nordstrom by 20.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,712,452 shares of the specialty retailer’s stock valued at $41,356,000 after acquiring an additional 289,596 shares during the period. 88.73% of the stock is currently owned by institutional investors.

Nordstrom Stock Performance

NYSE:JWN opened at $24.25 on Wednesday. Nordstrom, Inc. has a 12-month low of $16.82 and a 12-month high of $24.99. 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 firm has a market capitalization of $4.00 billion, a PE ratio of 15.44 and a beta of 2.60. The firm has a 50-day moving average price of $24.25 and a 200 day moving average price of $23.47.

Nordstrom (NYSE:JWN) last posted its quarterly earnings results on Tuesday, March 4th. The specialty retailer reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.20. Nordstrom had a negative net margin of 1.57% and a negative return on equity of 18.04%. The firm had revenue of $4.32 billion during the quarter, compared to analyst estimates of $4.32 billion. Research analysts anticipate 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 will be paid on Wednesday, March 26th. Investors of record on Tuesday, March 11th will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 3.13%. The ex-dividend date of this dividend is Tuesday, March 11th. Nordstrom’s dividend payout ratio (DPR) is presently 44.19%.

Wall Street Analyst Weigh In

JWN has been the subject of a number of recent analyst reports. Argus cut shares of Nordstrom from a “buy” rating to a “sell” rating in a report on Monday, December 30th. Bank of America upped their price target on shares of Nordstrom from $20.00 to $22.00 and gave the company an “underperform” rating in a report on Wednesday, November 27th. Evercore ISI upped their price objective on shares of Nordstrom from $22.00 to $24.00 and gave the company an “in-line” rating in a research report on Monday, January 13th. Citigroup upped their price objective on shares of Nordstrom from $22.00 to $23.00 and gave the company a “neutral” rating in a research report on Tuesday, November 19th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and set a $24.00 price objective on shares of Nordstrom in a research report on Wednesday, March 5th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company. According to MarketBeat, Nordstrom presently has a consensus rating of “Hold” and an average target price 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.