Stephens Inc. AR Has $3.61 Million Holdings in Nordstrom, Inc. (NYSE:JWN)

Stephens Inc. AR decreased its stake in shares of Nordstrom, Inc. (NYSE:JWN) by 2.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 149,415 shares of the specialty retailer’s stock after selling 3,646 shares during the quarter. Stephens Inc. AR owned about 0.09% of Nordstrom worth $3,608,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Retirement Systems of Alabama boosted its stake in Nordstrom by 0.4% during the fourth quarter. Retirement Systems of Alabama now owns 117,801 shares of the specialty retailer’s stock worth $2,845,000 after acquiring an additional 512 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of Nordstrom by 1.2% during the fourth quarter. Janney Montgomery Scott LLC now owns 55,956 shares of the specialty retailer’s stock valued at $1,351,000 after purchasing an additional 640 shares during the period. Wedmont Private Capital boosted its position in shares of Nordstrom by 6.7% during the 4th quarter. Wedmont Private Capital now owns 11,589 shares of the specialty retailer’s stock worth $278,000 after purchasing an additional 723 shares in the last quarter. State of Alaska Department of Revenue grew its stake in shares of Nordstrom by 7.3% in the 3rd quarter. State of Alaska Department of Revenue now owns 11,236 shares of the specialty retailer’s stock valued at $252,000 after buying an additional 760 shares during the period. Finally, CWM LLC increased its position in Nordstrom by 28.7% in the 3rd quarter. CWM LLC now owns 3,628 shares of the specialty retailer’s stock valued at $82,000 after buying an additional 810 shares in the last quarter. Institutional investors own 88.73% of the company’s stock.

Nordstrom Stock Performance

JWN stock opened at $24.32 on Tuesday. The company has a quick ratio of 0.35, a current ratio of 1.14 and a debt-to-equity ratio of 2.65. The firm has a market cap of $4.01 billion, a PE ratio of 15.49 and a beta of 2.51. The business has a 50 day moving average of $23.91 and a 200-day moving average of $23.01. Nordstrom, Inc. has a 12-month low of $16.78 and a 12-month high of $24.99.

Nordstrom (NYSE:JWN) last announced its quarterly earnings data on Tuesday, November 26th. The specialty retailer reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.11. The firm had revenue of $3.35 billion during the quarter, compared to the consensus estimate of $3.34 billion. Nordstrom had a negative return on equity of 18.04% and a negative net margin of 1.57%. The business’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.25 EPS. As a group, sell-side analysts expect that Nordstrom, Inc. will post 1.97 earnings per share for the current year.

Nordstrom Dividend Announcement

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

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Argus cut Nordstrom from a “buy” rating to a “sell” rating in a research note on Monday, December 30th. StockNews.com started coverage on shares of Nordstrom in a research report on Tuesday. They issued a “buy” rating for the company. Evercore ISI upped their price objective on shares of Nordstrom from $22.00 to $24.00 and gave the stock an “in-line” rating in a report on Monday, January 13th. Telsey Advisory Group reiterated a “market perform” rating and set a $24.00 price objective on shares of Nordstrom in a report on Monday, January 13th. Finally, Bank of America upped their target price on shares of Nordstrom from $20.00 to $22.00 and gave the stock an “underperform” rating in a report on Wednesday, November 27th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $22.17.

About Nordstrom

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.