Register Financial Advisors LLC Invests $30,000 in Nordstrom, Inc. (NYSE:JWN)

Register Financial Advisors LLC acquired a new stake in Nordstrom, Inc. (NYSE:JWN) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,501 shares of the specialty retailer’s stock, valued at approximately $30,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in JWN. Hexagon Capital Partners LLC lifted its position in shares of Nordstrom by 77.6% during the 4th quarter. Hexagon Capital Partners LLC now owns 1,989 shares of the specialty retailer’s stock valued at $37,000 after acquiring an additional 869 shares during the period. CWM LLC raised its holdings in Nordstrom by 1,000.3% during the first quarter. CWM LLC now owns 3,730 shares of the specialty retailer’s stock worth $76,000 after purchasing an additional 3,391 shares during the last quarter. Rowlandmiller & PARTNERS.ADV purchased a new stake in Nordstrom during the fourth quarter worth $119,000. EP Wealth Advisors LLC grew its holdings in Nordstrom by 120.3% in the third quarter. EP Wealth Advisors LLC now owns 12,027 shares of the specialty retailer’s stock valued at $180,000 after purchasing an additional 6,567 shares during the last quarter. Finally, Headlands Technologies LLC purchased a new position in shares of Nordstrom in the fourth quarter valued at $190,000. Institutional investors and hedge funds own 88.73% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on JWN shares. Citigroup lowered their price objective on shares of Nordstrom from $21.00 to $20.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 6th. Evercore ISI raised their price objective on shares of Nordstrom from $17.00 to $19.00 and gave the stock an “in-line” rating in a research note on Friday, May 31st. Jefferies Financial Group reaffirmed a “hold” rating and issued a $17.00 target price (down previously from $18.00) on shares of Nordstrom in a research note on Thursday, March 7th. Barclays increased their target price on Nordstrom from $15.00 to $18.00 and gave the company an “underweight” rating in a report on Friday, May 31st. Finally, StockNews.com cut Nordstrom from a “buy” rating to a “hold” rating in a report on Tuesday. Five equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $17.42.

Nordstrom Price Performance

JWN opened at $21.22 on Friday. Nordstrom, Inc. has a 1 year low of $12.88 and a 1 year high of $23.54. The company’s 50 day simple moving average is $20.92 and its 200 day simple moving average is $19.55. The stock has a market capitalization of $3.47 billion, a PE ratio of 11.60, a P/E/G ratio of 2.42 and a beta of 2.58. The company has a debt-to-equity ratio of 3.13, a quick ratio of 0.36 and a current ratio of 1.03.

Nordstrom (NYSE:JWN) last announced its quarterly earnings results 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 company had revenue of $3.34 billion during the quarter, compared to analyst estimates of $3.19 billion. During the same quarter last year, the business earned $0.07 EPS. The firm’s revenue for the quarter was up 4.8% compared to the same quarter last year. As a group, sell-side analysts expect that Nordstrom, Inc. will post 1.79 EPS for the current year.

Nordstrom Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 19th. Shareholders of record on Tuesday, June 4th were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 3.58%. The ex-dividend date was Tuesday, June 4th. 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.