AXQ Capital LP Sells 26,145 Shares of Nordstrom, Inc. (NYSE:JWN)

AXQ Capital LP lessened its holdings in Nordstrom, Inc. (NYSE:JWN) by 50.3% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 25,851 shares of the specialty retailer’s stock after selling 26,145 shares during the period. AXQ Capital LP’s holdings in Nordstrom were worth $624,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Spire Wealth Management raised its position in Nordstrom by 90.9% in the fourth quarter. Spire Wealth Management now owns 2,100 shares of the specialty retailer’s stock worth $51,000 after acquiring an additional 1,000 shares during the period. Wolverine Asset Management LLC bought a new position in Nordstrom in the 4th quarter worth $63,000. Vestcor Inc bought a new stake in Nordstrom during the fourth quarter valued at about $63,000. KBC Group NV increased its position in Nordstrom by 36.5% in the fourth quarter. KBC Group NV now owns 4,816 shares of the specialty retailer’s stock worth $116,000 after buying an additional 1,287 shares in the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund bought a new position in shares of Nordstrom in the fourth quarter worth about $122,000. Hedge funds and other institutional investors own 88.73% of the company’s stock.

Nordstrom Trading Down 0.3 %

Shares of JWN stock opened at $24.23 on Friday. The company has a current ratio of 1.14, a quick ratio of 0.35 and a debt-to-equity ratio of 2.65. The stock has a market capitalization of $4.00 billion, a price-to-earnings ratio of 15.44 and a beta of 2.60. Nordstrom, Inc. has a 12-month low of $17.21 and a 12-month high of $24.99. The stock’s 50-day moving average price is $24.26 and its 200-day moving average price is $23.50.

Nordstrom (NYSE:JWN) last released its quarterly earnings data on Tuesday, March 4th. The specialty retailer reported $1.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.20. The business had revenue of $4.32 billion for the quarter, compared to the consensus estimate of $4.32 billion. Nordstrom had a negative return on equity of 18.04% and a negative net margin of 1.57%. Equities research analysts predict that Nordstrom, Inc. will post 1.97 EPS for the current fiscal year.

Nordstrom Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Tuesday, March 11th will be given a dividend of $0.19 per share. The ex-dividend date is Tuesday, March 11th. This represents a $0.76 annualized dividend and a yield of 3.14%. Nordstrom’s dividend payout ratio (DPR) is currently 44.19%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on JWN. UBS Group raised shares of Nordstrom from a “sell” rating to a “neutral” rating and increased their target price for the stock from $14.50 to $24.00 in a report on Friday, January 10th. Argus downgraded shares of Nordstrom from a “buy” rating to a “sell” rating in a research report on Monday, December 30th. Barclays lifted their target price 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. Telsey Advisory Group reiterated a “market perform” rating and issued a $24.00 price target on shares of Nordstrom in a research note on Wednesday, March 5th. Finally, StockNews.com initiated coverage on Nordstrom in a research report on Sunday. They issued a “buy” rating on the stock. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Nordstrom presently has an average rating of “Hold” and a consensus target price of $22.90.

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.