Nordstrom, Inc. (NYSE:JWN) Stock Position Decreased by Pacifica Capital Investments LLC

Pacifica Capital Investments LLC lessened its position in Nordstrom, Inc. (NYSE:JWN) by 14.9% during the 1st quarter, HoldingsChannel.com reports. The fund owned 688,767 shares of the specialty retailer’s stock after selling 120,736 shares during the quarter. Nordstrom makes up about 4.3% of Pacifica Capital Investments LLC’s portfolio, making the stock its 7th largest holding. Pacifica Capital Investments LLC’s holdings in Nordstrom were worth $13,961,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. State of Michigan Retirement System lifted its position in shares of Nordstrom by 2.6% in the first quarter. State of Michigan Retirement System now owns 23,908 shares of the specialty retailer’s stock valued at $485,000 after acquiring an additional 600 shares in the last quarter. Personal CFO Solutions LLC increased its holdings in shares of Nordstrom by 5.7% in the fourth quarter. Personal CFO Solutions LLC now owns 11,882 shares of the specialty retailer’s stock valued at $219,000 after purchasing an additional 636 shares during the last quarter. Hexagon Capital Partners LLC increased its holdings in shares of Nordstrom by 33.1% in the first quarter. Hexagon Capital Partners LLC now owns 2,648 shares of the specialty retailer’s stock valued at $54,000 after purchasing an additional 659 shares during the last quarter. Louisiana State Employees Retirement System increased its holdings in shares of Nordstrom by 2.9% in the first quarter. Louisiana State Employees Retirement System now owns 28,000 shares of the specialty retailer’s stock valued at $568,000 after purchasing an additional 800 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. increased its holdings in shares of Nordstrom by 4.5% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 18,604 shares of the specialty retailer’s stock valued at $343,000 after purchasing an additional 802 shares during the last quarter. Hedge funds and other institutional investors own 88.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Barclays increased their price target on Nordstrom from $15.00 to $18.00 and gave the company an “underweight” rating in a report on Friday, May 31st. JPMorgan Chase & Co. increased their price target on Nordstrom from $15.00 to $17.00 and gave the company an “underweight” rating in a report on Friday, May 17th. Evercore ISI increased their price target on Nordstrom from $17.00 to $19.00 and gave the company an “in-line” rating in a report on Friday, May 31st. Bank of America raised their target price on Nordstrom from $15.00 to $18.00 and gave the stock an “underperform” rating in a research note on Friday, May 31st. Finally, StockNews.com raised Nordstrom from a “hold” rating to a “buy” rating in a research note on Wednesday, July 3rd. Five analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $17.75.

Nordstrom Trading Down 0.5 %

Shares of NYSE JWN traded down $0.12 during trading on Wednesday, reaching $21.90. The stock had a trading volume of 2,040,889 shares, compared to its average volume of 3,647,579. Nordstrom, Inc. has a fifty-two week low of $12.88 and a fifty-two week high of $23.54. The company has a debt-to-equity ratio of 3.13, a quick ratio of 0.36 and a current ratio of 1.03. The business’s 50-day moving average price is $21.25 and its 200-day moving average price is $19.75. The company has a market cap of $3.58 billion, a P/E ratio of 11.97, a PEG ratio of 2.44 and a beta of 2.62.

Nordstrom (NYSE:JWN) last issued its quarterly earnings data on Thursday, May 30th. The specialty retailer reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.16). Nordstrom had a negative net margin of 1.35% and a negative return on equity of 26.45%. The firm had revenue of $3.34 billion during the quarter, compared to analyst estimates of $3.19 billion. During the same period in the previous year, the firm posted $0.07 earnings per share. The company’s quarterly revenue was up 4.8% compared to the same quarter last year. On average, equities research analysts predict that Nordstrom, Inc. will post 1.79 EPS for the current fiscal year.

Nordstrom Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 19th. Investors of record on Tuesday, June 4th were issued a $0.19 dividend. The ex-dividend date was Tuesday, June 4th. This represents a $0.76 dividend on an annualized basis and a yield of 3.47%. Nordstrom’s dividend payout ratio (DPR) is presently 41.53%.

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.