EMC Capital Management Has $221,000 Stock Holdings in Nordstrom, Inc. (NYSE:JWN)

EMC Capital Management raised its holdings in Nordstrom, Inc. (NYSE:JWN) by 74.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,153 shares of the specialty retailer’s stock after acquiring an additional 3,916 shares during the period. EMC Capital Management’s holdings in Nordstrom were worth $221,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

JWN has been the topic of several research reports. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $24.00 price objective on shares of Nordstrom in a research report on Monday, January 13th. Evercore ISI raised their target price on shares of Nordstrom from $22.00 to $24.00 and gave the company an “in-line” rating in a research note on Monday, January 13th. UBS Group upgraded shares of Nordstrom from a “sell” rating to a “neutral” rating and increased their price target for the company from $14.50 to $24.00 in a research report on Friday, January 10th. Bank of America boosted 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. Finally, StockNews.com began coverage on shares of Nordstrom in a research note on Sunday, January 26th. They issued a “buy” rating on the stock. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Nordstrom presently has an average rating of “Hold” and a consensus price target of $22.17.

Nordstrom Trading Up 0.1 %

JWN opened at $24.26 on Friday. Nordstrom, Inc. has a 52 week low of $16.78 and a 52 week high of $24.99. The company has a market capitalization of $4.00 billion, a P/E ratio of 15.45 and a beta of 2.52. The stock’s fifty day moving average is $23.78 and its two-hundred day moving average is $22.92. 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 (NYSE:JWN) last issued its quarterly earnings data on Tuesday, November 26th. The specialty retailer reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.11. The company had revenue of $3.35 billion during the quarter, compared to the consensus estimate of $3.34 billion. Nordstrom had a negative net margin of 1.57% and a negative return on equity of 18.04%. Nordstrom’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.25 earnings per share. Analysts forecast that Nordstrom, Inc. will post 1.97 earnings per share for the current year.

Nordstrom Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Tuesday, December 3rd were given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date of this dividend was Tuesday, December 3rd. Nordstrom’s payout ratio is currently 48.41%.

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.