Tredje AP fonden decreased its holdings in Nordstrom, Inc. (NYSE:JWN) by 56.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,770 shares of the specialty retailer’s stock after selling 7,470 shares during the quarter. Tredje AP fonden’s holdings in Nordstrom were worth $276,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in JWN. Parallel Advisors LLC raised its holdings in shares of Nordstrom by 12.7% during the first quarter. Parallel Advisors LLC now owns 2,099 shares of the specialty retailer’s stock valued at $104,000 after acquiring an additional 236 shares during the last quarter. Gemmer Asset Management LLC raised its holdings in shares of Nordstrom by 0.8% during the second quarter. Gemmer Asset Management LLC now owns 2,270 shares of the specialty retailer’s stock valued at $109,000 after acquiring an additional 18 shares during the last quarter. NEXT Financial Group Inc raised its holdings in shares of Nordstrom by 55.4% during the second quarter. NEXT Financial Group Inc now owns 2,642 shares of the specialty retailer’s stock valued at $126,000 after acquiring an additional 942 shares during the last quarter. Ameritas Investment Partners Inc. raised its holdings in shares of Nordstrom by 6,460.5% during the first quarter. Ameritas Investment Partners Inc. now owns 2,821 shares of the specialty retailer’s stock valued at $131,000 after acquiring an additional 2,778 shares during the last quarter. Finally, Sei Investments Co. raised its holdings in shares of Nordstrom by 32.0% during the second quarter. Sei Investments Co. now owns 3,177 shares of the specialty retailer’s stock valued at $152,000 after acquiring an additional 771 shares during the last quarter. 63.71% of the stock is owned by institutional investors.
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Nordstrom, Inc. (JWN) opened at 46.74 on Friday. The stock’s 50 day moving average price is $45.84 and its 200 day moving average price is $45.62. The stock has a market capitalization of $7.77 billion, a price-to-earnings ratio of 22.14 and a beta of 0.82. Nordstrom, Inc. has a 52-week low of $39.53 and a 52-week high of $62.82.
Nordstrom (NYSE:JWN) last released its quarterly earnings data on Thursday, August 10th. The specialty retailer reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.03. The business had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.70 billion. Nordstrom had a return on equity of 71.57% and a net margin of 2.44%. The business’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.67 EPS. On average, analysts forecast that Nordstrom, Inc. will post $2.97 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 12th. Stockholders of record on Monday, August 28th were issued a dividend of $0.37 per share. The ex-dividend date of this dividend was Thursday, August 24th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.17%. Nordstrom’s payout ratio is 70.14%.
A number of equities analysts have commented on the company. Vetr cut Nordstrom from a “sell” rating to a “strong sell” rating and set a $41.54 target price for the company. in a report on Wednesday, July 5th. Piper Jaffray Companies set a $42.00 target price on Nordstrom and gave the company a “hold” rating in a report on Tuesday, July 25th. KeyCorp reissued an “overweight” rating and set a $55.00 target price on shares of Nordstrom in a report on Thursday. Royal Bank Of Canada set a $45.00 target price on Nordstrom and gave the company a “hold” rating in a report on Monday, June 19th. Finally, J P Morgan Chase & Co reissued an “underweight” rating and set a $48.00 target price on shares of Nordstrom in a report on Friday, July 14th. Four analysts have rated the stock with a sell rating, seventeen have given a hold rating and eight have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $48.26.
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.
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