Impact Partnership Wealth LLC Acquires Shares of 11,514 Nordstrom, Inc. (NYSE:JWN)

Impact Partnership Wealth LLC acquired a new stake in shares of Nordstrom, Inc. (NYSE:JWN) during the third quarter, HoldingsChannel.com reports. The firm acquired 11,514 shares of the specialty retailer’s stock, valued at approximately $259,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in JWN. Vanguard Group Inc. grew its stake in shares of Nordstrom by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 10,074,006 shares of the specialty retailer’s stock valued at $185,865,000 after buying an additional 46,980 shares during the last quarter. Register Financial Advisors LLC bought a new position in shares of Nordstrom during the first quarter valued at approximately $30,000. Silverleafe Capital Partners LLC grew its stake in shares of Nordstrom by 51.5% during the first quarter. Silverleafe Capital Partners LLC now owns 15,150 shares of the specialty retailer’s stock valued at $307,000 after buying an additional 5,150 shares during the last quarter. Hexagon Capital Partners LLC grew its stake in shares of Nordstrom by 33.1% during the first quarter. Hexagon Capital Partners LLC now owns 2,648 shares of the specialty retailer’s stock valued at $54,000 after buying an additional 659 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of Nordstrom by 26.9% during the first quarter. Allspring Global Investments Holdings LLC now owns 6,824 shares of the specialty retailer’s stock valued at $138,000 after buying an additional 1,448 shares during the last quarter. 88.73% of the stock is currently owned by hedge funds and other institutional investors.

Nordstrom Stock Down 0.7 %

Shares of NYSE JWN opened at $22.54 on Friday. The company has a current ratio of 1.07, a quick ratio of 0.41 and a debt-to-equity ratio of 2.76. The stock has a market capitalization of $3.70 billion, a PE ratio of 13.18 and a beta of 2.60. The stock’s fifty day simple moving average is $22.49 and its two-hundred day simple moving average is $21.59. Nordstrom, Inc. has a 12-month low of $12.88 and a 12-month high of $24.93.

Nordstrom (NYSE:JWN) last issued its quarterly earnings data on Tuesday, August 27th. The specialty retailer reported $0.96 EPS for the quarter, beating the consensus estimate of $0.71 by $0.25. Nordstrom had a negative return on equity of 21.26% and a negative net margin of 1.44%. The firm had revenue of $3.89 billion during the quarter, compared to analyst estimates of $3.88 billion. During the same quarter in the prior year, the business posted $0.84 EPS. The business’s revenue for the quarter was up 3.2% compared to the same quarter last year. As a group, analysts expect that Nordstrom, Inc. will post 1.89 EPS for the current fiscal year.

Nordstrom Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Tuesday, September 3rd were paid a $0.19 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $0.76 dividend on an annualized basis and a yield of 3.37%. Nordstrom’s dividend payout ratio (DPR) is 44.44%.

Insiders Place Their Bets

In other news, COO Alexis Depree sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $23.20, for a total transaction of $464,000.00. Following the sale, the chief operating officer now directly owns 169,331 shares in the company, valued at $3,928,479.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 5.78% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

JWN has been the topic of a number of analyst reports. KeyCorp cut Nordstrom from an “overweight” rating to a “sector weight” rating in a research note on Thursday, September 26th. Telsey Advisory Group increased their price objective on Nordstrom from $23.00 to $24.00 and gave the stock a “market perform” rating in a research note on Wednesday, August 28th. JPMorgan Chase & Co. increased their price objective on Nordstrom from $19.00 to $20.00 and gave the stock an “underweight” rating in a research note on Wednesday, August 28th. The Goldman Sachs Group increased their price objective on Nordstrom from $19.00 to $21.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 28th. Finally, TD Cowen increased their price objective on Nordstrom from $24.00 to $25.00 and gave the stock a “hold” rating in a research note on Wednesday, August 28th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $20.23.

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.