Nordstrom, Inc. (JWN) Holdings Trimmed by Oarsman Capital Inc.

Oarsman Capital Inc. lowered its holdings in shares of Nordstrom, Inc. (NYSE:JWN) by 1.9% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,835 shares of the specialty retailer’s stock after selling 210 shares during the quarter. Oarsman Capital Inc.’s holdings in Nordstrom were worth $518,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Parallel Advisors LLC increased its position in shares of Nordstrom by 12.7% during the 1st quarter. Parallel Advisors LLC now owns 2,099 shares of the specialty retailer’s stock valued at $104,000 after purchasing an additional 236 shares during the last quarter. Gemmer Asset Management LLC increased its position in shares of Nordstrom by 0.8% during the 2nd quarter. Gemmer Asset Management LLC now owns 2,270 shares of the specialty retailer’s stock valued at $109,000 after purchasing an additional 18 shares during the last quarter. NEXT Financial Group Inc increased its position in shares of Nordstrom by 55.4% during the 2nd quarter. NEXT Financial Group Inc now owns 2,642 shares of the specialty retailer’s stock valued at $126,000 after purchasing an additional 942 shares during the last quarter. Ameritas Investment Partners Inc. increased its position in shares of Nordstrom by 6,460.5% during the 1st quarter. Ameritas Investment Partners Inc. now owns 2,821 shares of the specialty retailer’s stock valued at $131,000 after purchasing an additional 2,778 shares during the last quarter. Finally, Mosaic Family Wealth LLC increased its position in shares of Nordstrom by 3.8% during the 1st quarter. Mosaic Family Wealth LLC now owns 2,953 shares of the specialty retailer’s stock valued at $138,000 after purchasing an additional 109 shares during the last quarter. 63.71% of the stock is owned by hedge funds and other institutional investors.

Nordstrom, Inc. (NYSE JWN) traded down 4.16% on Monday, hitting $44.18. The stock had a trading volume of 1,697,737 shares. The company has a 50-day moving average of $46.03 and a 200 day moving average of $45.60. Nordstrom, Inc. has a 12 month low of $39.53 and a 12 month high of $62.82. The company has a market cap of $7.34 billion, a PE ratio of 20.93 and a beta of 0.82.

Nordstrom (NYSE:JWN) last issued its quarterly earnings results on Thursday, August 10th. The specialty retailer reported $0.65 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.03. Nordstrom had a return on equity of 71.57% and a net margin of 2.44%. The firm had revenue of $3.72 billion during the quarter, compared to analysts’ expectations of $3.70 billion. During the same period in the previous year, the business earned $0.67 earnings per share. The firm’s revenue for the quarter was up 3.5% on a year-over-year basis. On average, analysts predict that Nordstrom, Inc. will post $2.97 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 12th. Investors of record on Monday, August 28th will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 3.21%. The ex-dividend date is Thursday, August 24th. Nordstrom’s payout ratio is 70.14%.

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Several research firms have recently commented on JWN. UBS AG lowered shares of Nordstrom from a “buy” rating to a “neutral” rating and reduced their price target for the company from $51.00 to $46.00 in a research report on Friday, June 9th. Vetr lowered shares of Nordstrom from a “sell” rating to a “strong sell” rating and set a $41.54 price target for the company. in a research report on Wednesday, July 5th. Northcoast Research reaffirmed a “neutral” rating on shares of Nordstrom in a research report on Tuesday, May 16th. Robert W. Baird set a $50.00 price target on shares of Nordstrom and gave the company a “hold” rating in a research report on Saturday, August 12th. Finally, Guggenheim reaffirmed a “neutral” rating on shares of Nordstrom in a research report on Friday, June 9th. Four analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eight have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $48.10.

About Nordstrom

Nordstrom, Inc is a fashion specialty retailer in the United States. The Company’s segments include Retail and Credit. As of March 20, 2017, the Company operated 344 the United States stores located in 40 states as well as an e-commerce business. The Company also offers its customers a variety of payment products and services, including credit and debit cards.

Institutional Ownership by Quarter for Nordstrom (NYSE:JWN)

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