Logan Capital Management Inc. decreased its holdings in Nordstrom, Inc. (NYSE:JWN) by 53.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 21,538 shares of the specialty retailer’s stock after selling 24,384 shares during the period. Logan Capital Management Inc.’s holdings in Nordstrom were worth $1,021,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. San Francisco Sentry Investment Group CA increased its stake in shares of Nordstrom by 1,752.0% in the 3rd quarter. San Francisco Sentry Investment Group CA now owns 2,315 shares of the specialty retailer’s stock valued at $109,000 after purchasing an additional 2,190 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new position in shares of Nordstrom in the 4th quarter valued at $115,000. Cerebellum GP LLC bought a new position in shares of Nordstrom in the 4th quarter valued at $131,000. Calton & Associates Inc. bought a new position in shares of Nordstrom in the 4th quarter valued at $153,000. Finally, Intact Investment Management Inc. bought a new position in shares of Nordstrom in the 3rd quarter valued at $226,000. Institutional investors own 57.38% of the company’s stock.
Several brokerages have recently issued reports on JWN. William Blair lowered Nordstrom from an “outperform” rating to a “market perform” rating in a research note on Tuesday, January 23rd. Zacks Investment Research upgraded Nordstrom from a “hold” rating to a “buy” rating and set a $56.00 price target on the stock in a research note on Monday, January 15th. BMO Capital Markets set a $50.00 price objective on Nordstrom and gave the stock a “hold” rating in a research report on Friday, January 12th. Piper Jaffray Companies set a $45.00 price objective on Nordstrom and gave the stock a “hold” rating in a research report on Wednesday, January 10th. Finally, Robert W. Baird set a $49.00 price objective on Nordstrom and gave the stock a “hold” rating in a research report on Friday, December 22nd. Two research analysts have rated the stock with a sell rating, sixteen have given a hold rating and seven have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $48.08.
Shares of Nordstrom, Inc. (NYSE JWN) opened at $50.27 on Friday. Nordstrom, Inc. has a 52-week low of $37.79 and a 52-week high of $53.00. The company has a market capitalization of $8,339.12, a PE ratio of 17.70, a price-to-earnings-growth ratio of 2.66 and a beta of 0.90. The company has a debt-to-equity ratio of 3.14, a current ratio of 1.00 and a quick ratio of 0.30.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 20th. Shareholders of record on Monday, March 5th will be given a $0.37 dividend. The ex-dividend date is Friday, March 2nd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.94%. Nordstrom’s dividend payout ratio (DPR) is presently 52.11%.
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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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