Headlands Technologies LLC Buys Shares of 10,300 Nordstrom, Inc. (NYSE:JWN)

Headlands Technologies LLC bought a new stake in Nordstrom, Inc. (NYSE:JWN) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 10,300 shares of the specialty retailer’s stock, valued at approximately $190,000.

A number of other large investors have also recently modified their holdings of JWN. DekaBank Deutsche Girozentrale bought a new position in shares of Nordstrom in the 3rd quarter valued at $45,000. Rowlandmiller & PARTNERS.ADV bought a new position in shares of Nordstrom in the 4th quarter valued at $119,000. Gallacher Capital Management LLC bought a new position in shares of Nordstrom in the 3rd quarter valued at $166,000. AE Wealth Management LLC bought a new position in shares of Nordstrom in the 3rd quarter valued at $168,000. Finally, EP Wealth Advisors LLC lifted its stake 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 valued at $180,000 after acquiring an additional 6,567 shares during the last quarter. Institutional investors and hedge funds own 88.73% of the company’s stock.

Nordstrom Stock Performance

JWN stock opened at $19.13 on Monday. 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 stock has a 50-day moving average price of $19.18 and a 200-day moving average price of $17.56. The firm has a market cap of $3.12 billion, a PE ratio of 23.91, a price-to-earnings-growth ratio of 2.17 and a beta of 2.59. Nordstrom, Inc. has a 1-year low of $12.88 and a 1-year high of $23.53.

Nordstrom (NYSE:JWN) last issued its earnings results on Tuesday, March 5th. The specialty retailer reported $0.96 EPS for the quarter, beating the consensus estimate of $0.90 by $0.06. The company had revenue of $4.29 billion during the quarter, compared to the consensus estimate of $4.38 billion. Nordstrom had a return on equity of 49.30% and a net margin of 0.91%. The firm’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period last year, the business posted $0.74 EPS. As a group, equities research analysts expect that Nordstrom, Inc. will post 1.81 earnings per share for the current year.

Nordstrom Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Tuesday, March 12th were paid a $0.19 dividend. The ex-dividend date of this dividend was Monday, March 11th. This represents a $0.76 annualized dividend and a dividend yield of 3.97%. Nordstrom’s dividend payout ratio is presently 95.00%.

Analysts Set New Price Targets

A number of brokerages have recently commented on JWN. Barclays increased their price target on Nordstrom from $14.00 to $15.00 and gave the company an “underweight” rating in a research note on Wednesday, March 6th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $19.00 target price on shares of Nordstrom in a research report on Friday, April 19th. The Goldman Sachs Group raised their target price on Nordstrom from $16.00 to $18.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 6th. Citigroup lowered their target price on Nordstrom from $21.00 to $20.00 and set a “neutral” rating for the company in a research report on Wednesday, March 6th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a $17.00 target price (down from $18.00) on shares of Nordstrom in a research report on Thursday, March 7th. Five analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock 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.