Bank of Montreal Can decreased its stake in Nordstrom, Inc. (NYSE:JWN) by 4.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 457,915 shares of the specialty retailer’s stock after selling 19,099 shares during the quarter. Bank of Montreal Can owned approximately 0.11% of Nordstrom worth $28,722,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently modified their holdings of the company. State of Wisconsin Investment Board acquired a new stake in Nordstrom in the fourth quarter valued at about $331,000. Shell Asset Management Co. acquired a new stake in Nordstrom in the fourth quarter valued at about $307,000. Nordea Investment Management AB raised its position in Nordstrom by 6.6% in the fourth quarter. Nordea Investment Management AB now owns 42,212 shares of the specialty retailer’s stock valued at $2,951,000 after purchasing an additional 2,935 shares during the period. Valeo Financial Advisors LLC acquired a new stake in Nordstrom in the fourth quarter valued at about $479,000. Finally, Wolverine Asset Management LLC acquired a new stake in Nordstrom in the fourth quarter valued at about $5,083,000. 87.96% of the stock is currently owned by institutional investors.
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NYSE:JWN opened at $47.54 on Friday. Nordstrom, Inc. has a 52 week low of $43.15 and a 52 week high of $64.20. The stock has a market capitalization of $9.70 billion, a P/E ratio of 9.78, a PEG ratio of 0.83 and a beta of 0.55. The company has a current ratio of 2.91, a quick ratio of 0.66 and a debt-to-equity ratio of 1.49.
Nordstrom (NYSE:JWN) last released its quarterly earnings results on Thursday, November 15th. The specialty retailer reported $1.37 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.20 by $0.18. Nordstrom had a return on equity of 125.70% and a net margin of 3.43%. The business had revenue of $3.72 billion for the quarter, compared to analysts’ expectations of $3.65 billion. During the same period in the prior year, the firm earned $1.03 EPS. The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. As a group, research analysts expect that Nordstrom, Inc. will post 4.48 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 15th. Investors of record on Friday, February 22nd will be given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 2.63%. This is a boost from Nordstrom’s previous quarterly dividend of $0.32. The ex-dividend date is Thursday, February 21st. Nordstrom’s dividend payout ratio (DPR) is presently 19.53%.
Several analysts have recently weighed in on the company. Zacks Investment Research upgraded Nordstrom from a “hold” rating to a “buy” rating and set a $65.00 price objective for the company in a research note on Friday, January 4th. Deutsche Bank dropped their price objective on Nordstrom from $80.00 to $65.00 and set a “buy” rating for the company in a research note on Thursday, November 15th. UBS Group restated a “buy” rating and set a $70.00 price objective on shares of Nordstrom in a research note on Friday, November 16th. Goldman Sachs Group raised Nordstrom from a “neutral” rating to a “buy” rating and set a $58.00 price objective for the company in a research note on Monday, December 10th. Finally, Wells Fargo & Co restated a “market perform” rating and set a $51.00 price objective (down previously from $64.00) on shares of Nordstrom in a research note on Thursday, November 15th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the company’s stock. Nordstrom presently has an average rating of “Hold” and a consensus target