Silverleafe Capital Partners LLC Purchases 5,150 Shares of Nordstrom, Inc. (NYSE:JWN)

Silverleafe Capital Partners LLC raised its stake in Nordstrom, Inc. (NYSE:JWN) by 51.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,150 shares of the specialty retailer’s stock after acquiring an additional 5,150 shares during the period. Silverleafe Capital Partners LLC’s holdings in Nordstrom were worth $307,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Personal CFO Solutions LLC grew its stake 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 worth $219,000 after acquiring an additional 636 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its position in shares of Nordstrom by 4.5% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 18,604 shares of the specialty retailer’s stock valued at $343,000 after buying an additional 802 shares during the last quarter. Hexagon Capital Partners LLC boosted its position in shares of Nordstrom by 77.6% during the fourth quarter. Hexagon Capital Partners LLC now owns 1,989 shares of the specialty retailer’s stock valued at $37,000 after buying an additional 869 shares during the last quarter. Sowell Financial Services LLC boosted its position in shares of Nordstrom by 6.6% during the fourth quarter. Sowell Financial Services LLC now owns 17,097 shares of the specialty retailer’s stock valued at $315,000 after buying an additional 1,053 shares during the last quarter. Finally, Register Financial Advisors LLC purchased a new stake in shares of Nordstrom during the first quarter valued at $30,000. 88.73% of the stock is owned by hedge funds and other institutional investors.

Nordstrom Trading Up 0.5 %

Shares of JWN opened at $21.22 on Friday. The company has a debt-to-equity ratio of 3.13, a current ratio of 1.03 and a quick ratio of 0.36. Nordstrom, Inc. has a 1 year low of $12.88 and a 1 year high of $23.54. The company has a 50 day simple moving average of $20.92 and a two-hundred day simple moving average of $19.55. The firm has a market cap of $3.47 billion, a P/E ratio of 11.60, a price-to-earnings-growth ratio of 2.42 and a beta of 2.58.

Nordstrom (NYSE:JWN) last announced its quarterly earnings data on Thursday, May 30th. The specialty retailer reported ($0.24) earnings per share (EPS) 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 for the quarter, compared to analysts’ expectations of $3.19 billion. During the same period last year, the business earned $0.07 earnings per share. The company’s quarterly revenue was up 4.8% compared to the same quarter last year. On average, equities analysts expect that Nordstrom, Inc. will post 1.79 earnings per share for the current fiscal year.

Nordstrom Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 19th. Shareholders of record on Tuesday, June 4th were issued 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 of this dividend was Tuesday, June 4th. Nordstrom’s dividend payout ratio (DPR) is currently 41.53%.

Analyst Ratings Changes

JWN has been the topic of several recent analyst reports. Evercore ISI increased their price objective on Nordstrom from $17.00 to $19.00 and gave the company an “in-line” rating in a research report on Friday, May 31st. The Goldman Sachs Group increased their price objective on Nordstrom from $16.00 to $18.00 and gave the company a “neutral” rating in a research report on Wednesday, March 6th. JPMorgan Chase & Co. increased their price objective on Nordstrom from $15.00 to $17.00 and gave the company an “underweight” rating in a research report on Friday, May 17th. Telsey Advisory Group reissued a “market perform” rating and issued a $19.00 target price on shares of Nordstrom in a research report on Friday, May 31st. Finally, StockNews.com cut shares of Nordstrom from a “buy” rating to a “hold” rating in a research note on Tuesday. Five investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Nordstrom presently has a consensus rating of “Hold” and an average price target of $17.42.

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.