LSV Asset Management Grows Holdings in Nordstrom, Inc. (NYSE:JWN)

LSV Asset Management increased its stake in Nordstrom, Inc. (NYSE:JWN - Free Report) by 15.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,544,496 shares of the specialty retailer's stock after purchasing an additional 203,807 shares during the period. LSV Asset Management owned approximately 0.95% of Nordstrom worth $28,496,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Hexagon Capital Partners LLC increased its position in Nordstrom by 77.6% during the 4th quarter. Hexagon Capital Partners LLC now owns 1,989 shares of the specialty retailer's stock worth $37,000 after purchasing an additional 869 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new stake in Nordstrom in the third quarter valued at approximately $45,000. Rowlandmiller & PARTNERS.ADV acquired a new stake in Nordstrom during the 4th quarter valued at approximately $119,000. Gallacher Capital Management LLC bought a new position in Nordstrom during the 3rd quarter worth approximately $166,000. Finally, EP Wealth Advisors LLC lifted its position in shares of Nordstrom by 120.3% in the 3rd quarter. EP Wealth Advisors LLC now owns 12,027 shares of the specialty retailer's stock worth $180,000 after purchasing an additional 6,567 shares during the period. Institutional investors and hedge funds own 88.73% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on JWN. Telsey Advisory Group reiterated a "market perform" rating and set a $19.00 price objective on shares of Nordstrom in a research report on Friday, April 19th. Bank of America boosted their price objective on Nordstrom from $13.00 to $15.00 and gave the company an "underperform" rating in a research note on Wednesday, March 6th. StockNews.com upgraded Nordstrom from a "hold" rating to a "buy" rating in a report on Thursday, March 14th. Jefferies Financial Group restated a "hold" rating and set a $17.00 price target (down from $18.00) on shares of Nordstrom in a report on Thursday, March 7th. Finally, JPMorgan Chase & Co. raised their price objective on shares of 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 assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $16.54.

Nordstrom Stock Up 0.9 %

Nordstrom stock traded up $0.17 during trading on Monday, hitting $20.28. 2,830,704 shares of the company were exchanged, compared to its average volume of 4,272,709. The company has a current ratio of 1.02, a quick ratio of 0.41 and a debt-to-equity ratio of 3.08. The business's 50 day moving average is $19.10 and its 200 day moving average is $17.80. Nordstrom, Inc. has a 52 week low of $12.88 and a 52 week high of $23.53. The company has a market capitalization of $3.31 billion, a P/E ratio of 25.34, a PEG ratio of 2.28 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 for the quarter, beating analysts' consensus estimates of $0.90 by $0.06. The company had revenue of $4.29 billion for the quarter, compared to analyst estimates of $4.38 billion. Nordstrom had a net margin of 0.91% and a return on equity of 49.30%. The firm's revenue was up 2.2% on a year-over-year basis. During the same period last year, the firm earned $0.74 earnings per share. Analysts predict that Nordstrom, Inc. will post 1.81 earnings per share for the current year.

Nordstrom Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Tuesday, March 12th were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.75%. The ex-dividend date was Monday, March 11th. Nordstrom's 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.