Cyndeo Wealth Partners LLC Has $7.02 Million Position in Nordstrom, Inc. (NYSE:JWN)

Cyndeo Wealth Partners LLC lifted its position in shares of Nordstrom, Inc. (NYSE:JWN) by 4.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 290,814 shares of the specialty retailer’s stock after acquiring an additional 13,021 shares during the period. Cyndeo Wealth Partners LLC’s holdings in Nordstrom were worth $7,023,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Venturi Wealth Management LLC raised its position in Nordstrom by 355.9% during the third quarter. Venturi Wealth Management LLC now owns 1,272 shares of the specialty retailer’s stock valued at $29,000 after purchasing an additional 993 shares in the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of Nordstrom during the 2nd quarter worth $71,000. CWM LLC raised its holdings in shares of Nordstrom by 28.7% during the 3rd quarter. CWM LLC now owns 3,628 shares of the specialty retailer’s stock worth $82,000 after buying an additional 810 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Nordstrom by 57.7% during the 3rd quarter. Blue Trust Inc. now owns 3,839 shares of the specialty retailer’s stock worth $81,000 after buying an additional 1,404 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in Nordstrom by 42.2% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,250 shares of the specialty retailer’s stock valued at $183,000 after buying an additional 2,450 shares in the last quarter. Institutional investors and hedge funds own 88.73% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on JWN. Telsey Advisory Group reissued a “market perform” rating and issued a $24.00 target price on shares of Nordstrom in a report on Monday, January 13th. Evercore ISI increased their price objective on shares of Nordstrom from $22.00 to $24.00 and gave the company an “in-line” rating in a research note on Monday, January 13th. Barclays boosted their target price on shares of Nordstrom from $23.00 to $24.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 16th. UBS Group upgraded Nordstrom from a “sell” rating to a “neutral” rating and increased their price target for the company from $14.50 to $24.00 in a research note on Friday, January 10th. Finally, Argus cut Nordstrom from a “buy” rating to a “sell” rating in a report on Monday, December 30th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $22.17.

Nordstrom Stock Up 0.1 %

Shares of NYSE JWN opened at $24.18 on Friday. The company’s 50 day moving average price is $23.65 and its 200-day moving average price is $22.87. 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 52-week low of $16.78 and a 52-week high of $24.99. The company has a market capitalization of $3.99 billion, a P/E ratio of 15.40 and a beta of 2.52.

Nordstrom (NYSE:JWN) last released its 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. Nordstrom had a negative net margin of 1.57% and a negative return on equity of 18.04%. The business had revenue of $3.35 billion for the quarter, compared to analyst estimates of $3.34 billion. During the same quarter in the previous year, the business earned $0.25 earnings per share. Nordstrom’s revenue for the quarter was up 4.6% on a year-over-year basis. Equities analysts forecast that Nordstrom, Inc. will post 1.97 earnings per share for the current year.

Nordstrom Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Tuesday, December 3rd were issued a $0.19 dividend. The ex-dividend date was Tuesday, December 3rd. This represents a $0.76 dividend on an annualized basis and a yield of 3.14%. Nordstrom’s payout ratio is currently 48.41%.

Nordstrom 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.