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

Cyndeo Wealth Partners LLC boosted its stake in Nordstrom, Inc. (NYSE:JWN) by 4.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 290,814 shares of the specialty retailer’s stock after acquiring an additional 13,021 shares during the quarter. Cyndeo Wealth Partners LLC owned 0.18% of Nordstrom worth $7,023,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Venturi Wealth Management LLC lifted its holdings in shares of Nordstrom by 355.9% in 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 bought a new stake in Nordstrom in the 2nd quarter valued at approximately $71,000. CWM LLC lifted its stake in Nordstrom by 28.7% in the 3rd quarter. CWM LLC now owns 3,628 shares of the specialty retailer’s stock valued at $82,000 after acquiring an additional 810 shares in the last quarter. Blue Trust Inc. boosted its position in 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 acquiring an additional 1,404 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Nordstrom by 42.2% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,250 shares of the specialty retailer’s stock worth $183,000 after acquiring an additional 2,450 shares in the last quarter. 88.73% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently commented on the stock. UBS Group upgraded shares of Nordstrom from a “sell” rating to a “neutral” rating and increased their target price for the stock from $14.50 to $24.00 in a report on Friday, January 10th. Bank of America raised their price objective on Nordstrom from $20.00 to $22.00 and gave the company an “underperform” rating in a report on Wednesday, November 27th. Citigroup upped their target price on Nordstrom from $22.00 to $23.00 and gave the stock a “neutral” rating in a report on Tuesday, November 19th. Evercore ISI raised their price target on Nordstrom from $22.00 to $24.00 and gave the company an “in-line” rating in a research note on Monday, January 13th. Finally, StockNews.com began coverage on Nordstrom in a research report on Saturday, January 18th. They set a “buy” rating on the stock. 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 company presently has an average rating of “Hold” and an average price target of $22.17.

Nordstrom Trading Up 0.1 %

Shares of NYSE:JWN opened at $24.18 on Friday. The stock has a market cap of $3.99 billion, a PE ratio of 15.40 and a beta of 2.52. The company has a quick ratio of 0.35, a current ratio of 1.14 and a debt-to-equity ratio of 2.65. Nordstrom, Inc. has a 12-month low of $16.78 and a 12-month high of $24.99. The business has a 50 day moving average of $23.65 and a 200-day moving average of $22.87.

Nordstrom (NYSE:JWN) last posted its quarterly earnings data on Tuesday, November 26th. The specialty retailer reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.11. Nordstrom had a negative return on equity of 18.04% and a negative net margin of 1.57%. The firm had revenue of $3.35 billion for the quarter, compared to analysts’ expectations of $3.34 billion. During the same quarter last year, the business earned $0.25 EPS. The company’s quarterly revenue was up 4.6% compared to the same quarter last year. As a group, equities research analysts forecast that Nordstrom, Inc. will post 1.97 earnings per share for the current year.

Nordstrom Announces Dividend

The business also recently declared 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 annualized dividend and a dividend yield of 3.14%. The ex-dividend date was Tuesday, December 3rd. Nordstrom’s dividend payout ratio (DPR) 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.