International Assets Investment Management LLC Lowers Stock Holdings in Nordstrom, Inc. (NYSE:JWN)

International Assets Investment Management LLC cut its position in shares of Nordstrom, Inc. (NYSE:JWN - Free Report) by 98.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,977 shares of the specialty retailer's stock after selling 227,236 shares during the quarter. International Assets Investment Management LLC's holdings in Nordstrom were worth $73,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of JWN. Cooper Creek Partners Management LLC increased its position in shares of Nordstrom by 42.4% during the 3rd quarter. Cooper Creek Partners Management LLC now owns 3,908,377 shares of the specialty retailer's stock valued at $58,391,000 after purchasing an additional 1,163,437 shares during the last quarter. Victory Capital Management Inc. grew its position in Nordstrom by 48.7% during the 3rd quarter. Victory Capital Management Inc. now owns 2,312,694 shares of the specialty retailer's stock worth $34,552,000 after acquiring an additional 757,000 shares during the last quarter. Nomura Holdings Inc. grew its position in Nordstrom by 110.2% during the 3rd quarter. Nomura Holdings Inc. now owns 67,243 shares of the specialty retailer's stock worth $1,005,000 after acquiring an additional 726,721 shares during the last quarter. Dark Forest Capital Management LP grew its position in Nordstrom by 2,765.7% during the 3rd quarter. Dark Forest Capital Management LP now owns 447,566 shares of the specialty retailer's stock worth $6,687,000 after acquiring an additional 431,948 shares during the last quarter. Finally, AQR Capital Management LLC grew its position in Nordstrom by 29.6% during the 3rd quarter. AQR Capital Management LLC now owns 1,495,469 shares of the specialty retailer's stock worth $22,238,000 after acquiring an additional 341,491 shares during the last quarter. 88.73% of the stock is currently owned by institutional investors.

Nordstrom Stock Down 1.1 %

NYSE:JWN traded down $0.20 during trading hours on Wednesday, reaching $18.81. 1,889,023 shares of the company traded hands, compared to its average volume of 4,313,663. The business's 50-day moving average price is $19.15 and its two-hundred day moving average price is $17.64. The stock has a market capitalization of $3.07 billion, a P/E ratio of 23.76, a P/E/G ratio of 2.20 and a beta of 2.59. Nordstrom, Inc. has a 1 year low of $12.88 and a 1 year 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.

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

Nordstrom Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Tuesday, March 12th were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 4.04%. The ex-dividend date of this dividend was Monday, March 11th. Nordstrom's payout ratio is currently 95.00%.

Analyst Ratings Changes

Several equities analysts recently issued reports on JWN shares. Citigroup reduced their price target on Nordstrom from $21.00 to $20.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 6th. The Goldman Sachs Group lifted their price objective on Nordstrom from $16.00 to $18.00 and gave the stock a "neutral" rating in a research report on Wednesday, March 6th. Jefferies Financial Group reiterated a "hold" rating and issued a $17.00 price objective (down from $18.00) on shares of Nordstrom in a research report on Thursday, March 7th. Piper Sandler lifted their price objective on Nordstrom from $17.00 to $20.00 and gave the stock a "neutral" rating in a research report on Wednesday, March 6th. Finally, JPMorgan Chase & Co. lifted their price objective on Nordstrom from $14.00 to $15.00 and gave the stock an "underweight" rating in a research report on Wednesday, March 6th. Five investment analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. According to MarketBeat, Nordstrom currently has an average rating of "Hold" and an average target price of $16.54.

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.