Patriot Financial Group Insurance Agency LLC Has $322,000 Stock Holdings in Nordstrom, Inc. (NYSE:JWN)

Patriot Financial Group Insurance Agency LLC lifted its position in Nordstrom, Inc. (NYSE:JWN) by 11.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 13,346 shares of the specialty retailer’s stock after purchasing an additional 1,330 shares during the quarter. Patriot Financial Group Insurance Agency LLC’s holdings in Nordstrom were worth $322,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in JWN. Quantinno Capital Management LP increased its holdings in shares of Nordstrom by 49.3% during the third quarter. Quantinno Capital Management LP now owns 145,146 shares of the specialty retailer’s stock worth $3,264,000 after buying an additional 47,923 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Nordstrom by 17.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,422,856 shares of the specialty retailer’s stock worth $32,000,000 after acquiring an additional 208,193 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Nordstrom by 29.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 388,796 shares of the specialty retailer’s stock valued at $8,744,000 after purchasing an additional 89,114 shares in the last quarter. Point72 Asset Management L.P. raised its position in Nordstrom by 190.1% in the 3rd quarter. Point72 Asset Management L.P. now owns 59,678 shares of the specialty retailer’s stock valued at $1,342,000 after purchasing an additional 39,104 shares during the last quarter. Finally, Sanctuary Advisors LLC boosted its stake in Nordstrom by 160.9% in the third quarter. Sanctuary Advisors LLC now owns 51,071 shares of the specialty retailer’s stock worth $1,187,000 after purchasing an additional 31,498 shares in the last quarter. Institutional investors and hedge funds own 88.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on JWN. Evercore ISI lifted their price target on Nordstrom from $22.00 to $24.00 and gave the company an “in-line” rating in a report on Monday, January 13th. Bank of America boosted their target price on shares of Nordstrom from $20.00 to $22.00 and gave the stock an “underperform” rating in a research note on Wednesday, November 27th. Barclays increased their price target on shares of Nordstrom from $23.00 to $24.00 and gave the company an “equal weight” rating in a research note on Thursday, January 16th. UBS Group upgraded shares of Nordstrom from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $14.50 to $24.00 in a research report on Friday, January 10th. Finally, Argus lowered Nordstrom from a “buy” rating to a “sell” rating in a research report on Monday, December 30th. Three investment 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. According to data from MarketBeat, Nordstrom currently has an average rating of “Hold” and an average price target of $22.17.

Nordstrom Stock Down 0.1 %

Shares of Nordstrom stock opened at $24.22 on Thursday. The business has a fifty day simple moving average of $23.74 and a 200 day simple moving average of $22.92. The stock has a market cap of $4.00 billion, a PE ratio of 15.42 and a beta of 2.52. The company has a quick ratio of 0.35, a current ratio of 1.14 and a debt-to-equity ratio of 2.65. Nordstrom, Inc. has a 12 month low of $16.78 and a 12 month high of $24.99.

Nordstrom (NYSE:JWN) last posted its earnings results on Tuesday, November 26th. The specialty retailer reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.11. The company had revenue of $3.35 billion during the quarter, compared to analyst estimates of $3.34 billion. Nordstrom had a negative return on equity of 18.04% and a negative net margin of 1.57%. The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.25 EPS. Research analysts predict that Nordstrom, Inc. will post 1.97 EPS for the current year.

Nordstrom Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Tuesday, December 3rd were issued a $0.19 dividend. The ex-dividend date was Tuesday, December 3rd. This represents a $0.76 annualized dividend and a yield of 3.14%. Nordstrom’s dividend payout ratio (DPR) is presently 48.41%.

Nordstrom Company 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.