156,000 Shares in Nordstrom, Inc. (NYSE:JWN) Purchased by Madison Investment Advisors LLC

Madison Investment Advisors LLC acquired a new position in shares of Nordstrom, Inc. (NYSE:JWN) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 156,000 shares of the specialty retailer’s stock, valued at approximately $3,767,000. Madison Investment Advisors LLC owned 0.09% of Nordstrom as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Spire Wealth Management lifted its position in Nordstrom by 90.9% during the fourth quarter. Spire Wealth Management now owns 2,100 shares of the specialty retailer’s stock worth $51,000 after purchasing an additional 1,000 shares during the period. Wolverine Asset Management LLC bought a new position in shares of Nordstrom in the fourth quarter worth about $63,000. Vestcor Inc bought a new position in shares of Nordstrom in the fourth quarter worth about $63,000. KBC Group NV lifted its holdings in shares of 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 acquiring an additional 1,287 shares during 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. Institutional investors own 88.73% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on JWN shares. Barclays increased their target price on shares of Nordstrom from $23.00 to $24.00 and gave the stock an “equal weight” rating in a report on Thursday, January 16th. Telsey Advisory Group reissued a “market perform” rating and issued a $24.00 target price on shares of Nordstrom in a report on Wednesday, March 5th. 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. Bank of America upped their price objective on Nordstrom from $20.00 to $22.00 and gave the company an “underperform” rating in a research note on Wednesday, November 27th. Finally, Argus downgraded Nordstrom from a “buy” rating to a “sell” rating in a research note on Monday, December 30th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $22.90.

Nordstrom Stock Performance

NYSE:JWN opened at $24.23 on Friday. The company has a market capitalization of $4.00 billion, a PE ratio of 15.44 and a beta of 2.60. The company has a 50 day simple moving average of $24.26 and a two-hundred day simple moving average of $23.49. The company has a debt-to-equity ratio of 2.65, a quick ratio of 0.35 and a current ratio of 1.14. Nordstrom, Inc. has a fifty-two week low of $17.21 and a fifty-two week high of $24.99.

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

Nordstrom Dividend Announcement

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

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.