Duality Advisers LP Buys 112,613 Shares of Nordstrom, Inc. (NYSE:JWN)

Duality Advisers LP lifted its stake in Nordstrom, Inc. (NYSE:JWN - Free Report) by 148.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 188,317 shares of the specialty retailer's stock after acquiring an additional 112,613 shares during the period. Duality Advisers LP owned approximately 0.12% of Nordstrom worth $3,474,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. DekaBank Deutsche Girozentrale acquired a new stake in shares of Nordstrom in the third quarter worth $45,000. Rowlandmiller & PARTNERS.ADV acquired a new stake in shares of Nordstrom in the fourth quarter worth $119,000. Impact Partnership Wealth LLC acquired a new stake in Nordstrom during the third quarter worth $115,000. Gallacher Capital Management LLC acquired a new stake in Nordstrom during the third quarter worth $166,000. Finally, AE Wealth Management LLC acquired a new stake in Nordstrom during the third quarter worth $168,000. Institutional investors and hedge funds own 88.73% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on JWN shares. Barclays lifted their price target on shares of Nordstrom from $14.00 to $15.00 and gave the stock an "underweight" rating in a research note on Wednesday, March 6th. Telsey Advisory Group reiterated a "market perform" rating and set a $19.00 price target on shares of Nordstrom in a research note on Friday. StockNews.com upgraded shares of Nordstrom from a "hold" rating to a "buy" rating in a research note on Thursday, March 14th. The Goldman Sachs Group lifted their price target on shares of Nordstrom from $16.00 to $18.00 and gave the stock a "neutral" rating in a research note on Wednesday, March 6th. Finally, Citigroup decreased their price target on shares of Nordstrom from $21.00 to $20.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 6th. Five research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $16.54.

Nordstrom Price Performance

Shares of Nordstrom stock traded up $0.93 during trading on Tuesday, reaching $19.72. The company's stock had a trading volume of 3,764,787 shares, compared to its average volume of 4,457,254. The stock has a 50-day moving average price of $19.23 and a two-hundred day moving average price of $17.46. The company has a current ratio of 1.02, a quick ratio of 0.41 and a debt-to-equity ratio of 3.08. Nordstrom, Inc. has a one year low of $12.88 and a one year high of $23.53. The stock has a market capitalization of $3.22 billion, a P/E ratio of 24.65, a price-to-earnings-growth ratio of 2.14 and a beta of 2.59.

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

Nordstrom Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Tuesday, March 12th were issued a $0.19 dividend. The ex-dividend date of this dividend was Monday, March 11th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.85%. Nordstrom's dividend payout ratio is 95.00%.

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.