Nordstrom, Inc. (JWN) Stake Lowered by WINTON GROUP Ltd

WINTON GROUP Ltd decreased its stake in shares of Nordstrom, Inc. (NYSE:JWN) by 30.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,870 shares of the specialty retailer’s stock after selling 2,166 shares during the period. WINTON GROUP Ltd’s holdings in Nordstrom were worth $231,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Bank of New York Mellon Corp grew its stake in shares of Nordstrom by 11.8% in the 4th quarter. Bank of New York Mellon Corp now owns 10,245,078 shares of the specialty retailer’s stock worth $485,413,000 after purchasing an additional 1,078,880 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of Nordstrom by 596.9% in the third quarter. Ameriprise Financial Inc. now owns 779,081 shares of the specialty retailer’s stock worth $36,734,000 after acquiring an additional 667,296 shares in the last quarter. USS Investment Management Ltd purchased a new position in shares of Nordstrom in the fourth quarter worth approximately $27,700,000. Schroder Investment Management Group increased its position in shares of Nordstrom by 97.6% in the fourth quarter. Schroder Investment Management Group now owns 1,036,341 shares of the specialty retailer’s stock worth $49,102,000 after acquiring an additional 511,905 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. increased its position in shares of Nordstrom by 196.0% in the third quarter. Amundi Pioneer Asset Management Inc. now owns 694,237 shares of the specialty retailer’s stock worth $32,733,000 after acquiring an additional 459,719 shares in the last quarter. 58.77% of the stock is currently owned by hedge funds and other institutional investors.

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JWN has been the subject of several research reports. Robert W. Baird set a $49.00 price target on shares of Nordstrom and gave the stock a “hold” rating in a report on Friday, December 22nd. Zacks Investment Research upgraded shares of Nordstrom from a “sell” rating to a “hold” rating in a research note on Wednesday, December 27th. ValuEngine cut shares of Nordstrom from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. JPMorgan Chase upgraded shares of Nordstrom from an “underweight” rating to a “neutral” rating and lifted their target price for the company from $33.00 to $48.00 in a research note on Tuesday, January 2nd. Finally, Piper Jaffray set a $45.00 target price on shares of Nordstrom and gave the company a “hold” rating in a research note on Wednesday, January 10th. Two equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $48.92.

Shares of NYSE:JWN opened at $48.03 on Friday. Nordstrom, Inc. has a 52 week low of $37.79 and a 52 week high of $54.00. The company has a debt-to-equity ratio of 2.74, a quick ratio of 0.45 and a current ratio of 1.07. The firm has a market capitalization of $8,253.14, a PE ratio of 16.23, a PEG ratio of 2.41 and a beta of 0.83.

Nordstrom (NYSE:JWN) last issued its earnings results on Thursday, March 1st. The specialty retailer reported $1.20 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.24 by ($0.04). The firm had revenue of $4.60 billion during the quarter, compared to analyst estimates of $4.57 billion. Nordstrom had a net margin of 2.86% and a return on equity of 60.72%. The firm’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.27 EPS. sell-side analysts forecast that Nordstrom, Inc. will post 3.42 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 20th. Investors of record on Monday, March 5th were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, March 2nd. This represents a $1.48 annualized dividend and a yield of 3.08%. Nordstrom’s dividend payout ratio (DPR) is 50.00%.

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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.

Institutional Ownership by Quarter for Nordstrom (NYSE:JWN)

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