Nordstrom, Inc. (NYSE:JWN)’s share price hit a new 52-week low during trading on Monday . The company traded as low as $42.35 and last traded at $42.58, with a volume of 1063158 shares trading hands. The stock had previously closed at $43.86.

JWN has been the subject of a number of recent analyst reports. Zacks Investment Research restated a “buy” rating and set a $52.00 target price on shares of Nordstrom in a report on Monday, December 31st. TheStreet downgraded Nordstrom from a “b-” rating to a “c+” rating in a report on Tuesday, January 8th. Morgan Stanley upgraded Nordstrom from an “underweight” rating to an “equal weight” rating and set a $48.40 target price for the company in a report on Tuesday, January 8th. ValuEngine upgraded Nordstrom from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. Finally, Deutsche Bank downgraded Nordstrom from a “buy” rating to a “hold” rating and set a $43.30 target price for the company. in a report on Friday, February 22nd. Four research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the stock. Nordstrom currently has a consensus rating of “Hold” and a consensus target price of $52.08.

The company has a quick ratio of 0.41, a current ratio of 1.00 and a debt-to-equity ratio of 3.07. The firm has a market capitalization of $6.69 billion, a PE ratio of 11.88, a price-to-earnings-growth ratio of 1.94 and a beta of 0.53.

Nordstrom (NYSE:JWN) last posted its quarterly earnings data on Thursday, February 28th. The specialty retailer reported $1.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.42 by $0.06. The business had revenue of $4.48 billion during the quarter, compared to the consensus estimate of $4.63 billion. Nordstrom had a return on equity of 57.14% and a net margin of 3.56%. During the same quarter in the prior year, the company earned $1.20 earnings per share. Equities analysts expect that Nordstrom, Inc. will post 3.77 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Monday, March 11th were paid a $0.37 dividend. The ex-dividend date was Friday, March 8th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.51%. Nordstrom’s dividend payout ratio is currently 41.69%.

In other news, insider Ken Worzel sold 17,125 shares of the stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $45.00, for a total value of $770,625.00. Following the sale, the insider now directly owns 102,588 shares of the company’s stock, valued at $4,616,460. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Christine Deputy sold 13,124 shares of the stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $42.61, for a total value of $559,213.64. The disclosure for this sale can be found here. Over the last three months, insiders sold 49,180 shares of company stock worth $2,164,864. Insiders own 5.21% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wedbush Securities Inc. grew its stake in shares of Nordstrom by 16.8% in the first quarter. Wedbush Securities Inc. now owns 8,609 shares of the specialty retailer’s stock worth $382,000 after acquiring an additional 1,238 shares during the last quarter. BTIM Corp. grew its stake in shares of Nordstrom by 1.2% in the first quarter. BTIM Corp. now owns 27,470 shares of the specialty retailer’s stock worth $1,219,000 after acquiring an additional 325 shares during the last quarter. Confluence Investment Management LLC grew its stake in shares of Nordstrom by 7.0% in the first quarter. Confluence Investment Management LLC now owns 386,541 shares of the specialty retailer’s stock worth $17,155,000 after acquiring an additional 25,185 shares during the last quarter. NuWave Investment Management LLC grew its stake in shares of Nordstrom by 66.2% in the first quarter. NuWave Investment Management LLC now owns 2,036 shares of the specialty retailer’s stock worth $91,000 after acquiring an additional 811 shares during the last quarter. Finally, State of Alaska Department of Revenue grew its stake in shares of Nordstrom by 3.9% in the first quarter. State of Alaska Department of Revenue now owns 45,830 shares of the specialty retailer’s stock worth $2,032,000 after acquiring an additional 1,739 shares during the last quarter. 65.95% of the stock is currently owned by hedge funds and other institutional investors.

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About Nordstrom (NYSE:JWN)

Nordstrom, Inc, a fashion retailer, provides apparel, shoes, cosmetics, and accessories for women, men, young adults, and children. The company operates in two segments, Retail and Credit. The Retail segment offers a range of brand name and private label merchandise through various channels, including Nordstrom branded full-line stores and online store at Nordstrom.com; Nordstrom Rack stores; Nordstromrack.com and HauteLook; Trunk Club clubhouses and TrunkClub.com; Jeffrey boutiques; and clearance stores that operate under the Last Chance name.

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