Crossmark Global Holdings Inc. Has $2.43 Million Stock Holdings in Nordstrom, Inc. (NYSE:JWN)

Crossmark Global Holdings Inc. lifted its position in shares of Nordstrom, Inc. (NYSE:JWN) by 171.3% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 100,733 shares of the specialty retailer’s stock after buying an additional 63,600 shares during the quarter. Crossmark Global Holdings Inc. owned about 0.06% of Nordstrom worth $2,432,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Dimensional Fund Advisors LP raised its stake in Nordstrom by 4.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,136,639 shares of the specialty retailer’s stock worth $66,557,000 after purchasing an additional 137,094 shares in the last quarter. Hennessy Advisors Inc. bought a new stake in shares of Nordstrom in the fourth quarter valued at approximately $56,026,000. Geode Capital Management LLC grew its position in Nordstrom by 0.3% during the third quarter. Geode Capital Management LLC now owns 1,625,616 shares of the specialty retailer’s stock worth $36,570,000 after buying an additional 5,407 shares in the last quarter. Marshall Wace LLP grew its position in Nordstrom by 38.4% during the second quarter. Marshall Wace LLP now owns 1,479,414 shares of the specialty retailer’s stock worth $31,393,000 after buying an additional 410,152 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Nordstrom by 17.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,422,856 shares of the specialty retailer’s stock worth $32,000,000 after acquiring an additional 208,193 shares during the period. Institutional investors own 88.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. KeyCorp lowered Nordstrom from an “overweight” rating to a “sector weight” rating in a report on Thursday, September 26th. Argus lowered shares of Nordstrom from a “buy” rating to a “sell” rating in a report on Monday, December 30th. Barclays boosted their target price on shares of Nordstrom from $23.00 to $24.00 and gave the company an “equal weight” rating in a research report on Thursday, January 16th. Bank of America increased their price target on shares of Nordstrom from $20.00 to $22.00 and gave the stock an “underperform” rating in a research report on Wednesday, November 27th. Finally, Telsey Advisory Group restated a “market perform” rating and set a $24.00 price objective on shares of Nordstrom in a research report on Monday, January 13th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $22.17.

Nordstrom Stock Performance

Nordstrom stock opened at $24.16 on Friday. The business has a 50 day moving average of $23.62 and a 200-day moving average of $22.86. The company has a debt-to-equity ratio of 2.65, a current ratio of 1.14 and a quick ratio of 0.35. Nordstrom, Inc. has a 1 year low of $16.78 and a 1 year high of $24.99. The company has a market capitalization of $3.99 billion, a P/E ratio of 15.39 and a beta of 2.52.

Nordstrom (NYSE:JWN) last released its quarterly earnings results on Tuesday, November 26th. The specialty retailer reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate 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 net margin of 1.57% and a negative return on equity of 18.04%. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.25 earnings per share. On average, equities research analysts predict that Nordstrom, Inc. will post 1.97 earnings per share for the current year.

Nordstrom Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Tuesday, December 3rd were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.15%. The ex-dividend date was Tuesday, December 3rd. Nordstrom’s dividend payout ratio is currently 48.41%.

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.