Vident Investment Advisory LLC purchased a new position in shares of Nordstrom, Inc. (NYSE:JWN) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 6,861 shares of the specialty retailer’s stock, valued at approximately $324,000.
Other institutional investors have also recently added to or reduced their stakes in the company. San Francisco Sentry Investment Group CA raised its position in Nordstrom by 1,752.0% in the third quarter. San Francisco Sentry Investment Group CA now owns 2,315 shares of the specialty retailer’s stock worth $109,000 after acquiring an additional 2,190 shares during the period. Sei Investments Co. raised its position in Nordstrom by 32.0% in the second quarter. Sei Investments Co. now owns 3,177 shares of the specialty retailer’s stock worth $152,000 after acquiring an additional 771 shares during the period. Mosaic Family Wealth LLC raised its position in Nordstrom by 8.2% in the second quarter. Mosaic Family Wealth LLC now owns 3,195 shares of the specialty retailer’s stock worth $153,000 after acquiring an additional 242 shares during the period. Advisory Services Network LLC raised its position in Nordstrom by 41.8% in the second quarter. Advisory Services Network LLC now owns 3,452 shares of the specialty retailer’s stock worth $165,000 after acquiring an additional 1,018 shares during the period. Finally, Thrivent Financial For Lutherans bought a new stake in Nordstrom in the second quarter worth about $202,000. Institutional investors and hedge funds own 57.58% of the company’s stock.
Shares of Nordstrom, Inc. (JWN) traded up $0.89 during trading hours on Thursday, reaching $50.09. 1,863,500 shares of the company traded hands, compared to its average volume of 2,250,252. The stock has a market capitalization of $8,270.00, a PE ratio of 17.58, a P/E/G ratio of 2.71 and a beta of 0.89. Nordstrom, Inc. has a 12 month low of $37.79 and a 12 month high of $50.32. The company has a current ratio of 1.00, a quick ratio of 0.30 and a debt-to-equity ratio of 3.14.
Nordstrom (NYSE:JWN) last released its quarterly earnings results on Thursday, November 9th. The specialty retailer reported $0.67 EPS for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.04. Nordstrom had a net margin of 3.25% and a return on equity of 67.44%. The business had revenue of $3.54 billion during the quarter, compared to analysts’ expectations of $3.50 billion. During the same quarter in the previous year, the company earned $0.84 EPS. The business’s quarterly revenue was up 2.0% compared to the same quarter last year. equities analysts anticipate that Nordstrom, Inc. will post 2.96 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, December 12th. Investors of record on Monday, November 27th were issued a dividend of $0.37 per share. The ex-dividend date was Friday, November 24th. This represents a $1.48 dividend on an annualized basis and a yield of 2.95%. Nordstrom’s dividend payout ratio is currently 51.93%.
Several analysts have commented on the stock. Piper Jaffray Companies set a $45.00 price objective on shares of Nordstrom and gave the stock a “hold” rating in a research report on Wednesday. Zacks Investment Research raised shares of Nordstrom from a “sell” rating to a “hold” rating in a research report on Wednesday, December 27th. KeyCorp reaffirmed an “overweight” rating and issued a $55.00 price objective on shares of Nordstrom in a research report on Thursday, September 14th. Robert W. Baird set a $49.00 price objective on shares of Nordstrom and gave the stock a “hold” rating in a research report on Friday, December 22nd. Finally, ValuEngine lowered shares of Nordstrom from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Three research analysts have rated the stock with a sell rating, eighteen have given a hold rating and seven have issued a buy rating to the company’s stock. Nordstrom presently has a consensus rating of “Hold” and an average price target of $46.37.
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Nordstrom Company Profile
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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