Nordstrom, Inc. (JWN) Shares Bought by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. lifted its holdings in Nordstrom, Inc. (NYSE:JWN) by 93.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 41,612 shares of the specialty retailer’s stock after buying an additional 20,068 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Nordstrom were worth $1,939,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. First Trust Advisors LP lifted its holdings in Nordstrom by 44.9% during the 3rd quarter. First Trust Advisors LP now owns 79,606 shares of the specialty retailer’s stock worth $4,761,000 after buying an additional 24,685 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in Nordstrom by 191.3% during the 3rd quarter. Russell Investments Group Ltd. now owns 122,521 shares of the specialty retailer’s stock worth $7,332,000 after buying an additional 80,459 shares in the last quarter. Acadian Asset Management LLC lifted its holdings in Nordstrom by 86.1% during the 3rd quarter. Acadian Asset Management LLC now owns 3,501 shares of the specialty retailer’s stock worth $209,000 after buying an additional 1,620 shares in the last quarter. Chicago Equity Partners LLC acquired a new stake in Nordstrom during the 3rd quarter worth approximately $907,000. Finally, Stratos Wealth Partners LTD. acquired a new stake in Nordstrom during the 3rd quarter worth approximately $145,000. 60.50% of the stock is owned by institutional investors and hedge funds.

Shares of JWN opened at $44.46 on Friday. Nordstrom, Inc. has a twelve month low of $43.04 and a twelve month high of $67.75. The firm has a market capitalization of $7.44 billion, a PE ratio of 12.52, a PEG ratio of 1.97 and a beta of 0.54. The company has a current ratio of 1.00, a quick ratio of 0.41 and a debt-to-equity ratio of 3.07.

Nordstrom (NYSE:JWN) last announced its quarterly earnings data on Thursday, February 28th. The specialty retailer reported $1.48 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.42 by $0.06. Nordstrom had a net margin of 3.56% and a return on equity of 57.14%. During the same period last year, the business posted $1.20 EPS. Equities analysts expect that Nordstrom, Inc. will post 3.76 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 26th. Stockholders of record on Monday, March 11th will be issued a $0.37 dividend. The ex-dividend date of this dividend is Friday, March 8th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.33%. Nordstrom’s payout ratio is 41.69%.

A number of equities research analysts have issued reports on the stock. Credit Suisse Group reduced their target price on shares of Nordstrom from $55.00 to $50.00 and set a “positive” rating on the stock in a report on Wednesday, January 16th. Zacks Investment Research upgraded shares of Nordstrom from a “hold” rating to a “buy” rating and set a $57.00 target price on the stock in a report on Friday, December 7th. Goldman Sachs Group set a $73.00 target price on shares of Nordstrom and gave the stock a “buy” rating in a report on Friday, November 16th. Citigroup reduced their target price on shares of Nordstrom from $62.00 to $56.00 and set a “neutral” rating on the stock in a report on Friday, November 16th. Finally, Nomura set a $53.00 target price on shares of Nordstrom and gave the stock a “hold” rating in a report on Monday, November 26th. Three analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $52.79.

In related news, insider Erik B. Nordstrom sold 17,762 shares of the stock in a transaction on Monday, March 11th. The shares were sold at an average price of $44.07, for a total value of $782,771.34. Following the transaction, the insider now directly owns 2,653,314 shares of the company’s stock, valued at approximately $116,931,547.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Erik B. Nordstrom sold 1,169 shares of the stock in a transaction on Monday, February 25th. The shares were sold at an average price of $44.70, for a total transaction of $52,254.30. Following the completion of the transaction, the insider now directly owns 2,671,406 shares in the company, valued at $119,411,848.20. The disclosure for this sale can be found here. Company insiders own 7.05% of the company’s stock.

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About Nordstrom

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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Institutional Ownership by Quarter for Nordstrom (NYSE:JWN)

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