Seeyond Has $542,000 Stock Holdings in Nordstrom, Inc. (NYSE:JWN)

Seeyond raised its holdings in Nordstrom, Inc. (NYSE:JWN) by 124.9% in the second quarter, Holdings Channel.com reports. The fund owned 17,009 shares of the specialty retailer’s stock after acquiring an additional 9,445 shares during the quarter. Seeyond’s holdings in Nordstrom were worth $542,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of JWN. JPMorgan Chase & Co. lifted its stake in Nordstrom by 23.0% in the first quarter. JPMorgan Chase & Co. now owns 7,339,382 shares of the specialty retailer’s stock valued at $325,721,000 after acquiring an additional 1,374,779 shares during the last quarter. BTIM Corp. lifted its stake in Nordstrom by 2,776.5% in the second quarter. BTIM Corp. now owns 790,182 shares of the specialty retailer’s stock valued at $25,175,000 after acquiring an additional 762,712 shares during the last quarter. Schroder Investment Management Group lifted its stake in Nordstrom by 50.3% in the second quarter. Schroder Investment Management Group now owns 2,072,022 shares of the specialty retailer’s stock valued at $66,015,000 after acquiring an additional 693,633 shares during the last quarter. Skandinaviska Enskilda Banken AB publ lifted its stake in Nordstrom by 123.1% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 759,478 shares of the specialty retailer’s stock valued at $24,197,000 after acquiring an additional 419,058 shares during the last quarter. Finally, Todd Asset Management LLC acquired a new stake in Nordstrom in the second quarter valued at approximately $10,827,000. Hedge funds and other institutional investors own 64.63% of the company’s stock.

JWN has been the subject of a number of analyst reports. Piper Jaffray Companies reduced their target price on shares of Nordstrom from $40.00 to $33.00 and set a “neutral” rating for the company in a research note on Wednesday, May 22nd. UBS Group cut shares of Nordstrom from a “buy” rating to a “neutral” rating and reduced their target price for the company from $65.00 to $33.00 in a research note on Tuesday, July 2nd. Credit Suisse Group reduced their target price on shares of Nordstrom from $40.00 to $36.00 and set a “neutral” rating for the company in a research note on Wednesday, May 22nd. KeyCorp reduced their price objective on shares of Nordstrom from $52.00 to $48.00 and set an “overweight” rating for the company in a research note on Thursday, August 22nd. Finally, Cowen reduced their price objective on shares of Nordstrom from $44.00 to $36.00 and set a “market perform” rating for the company in a research note on Thursday, May 23rd. Five analysts have rated the stock with a sell rating, fifteen have issued a hold rating and one has issued a buy rating to the company’s stock. Nordstrom has a consensus rating of “Hold” and a consensus price target of $38.19.

In related news, insider Christine Deputy sold 1,906 shares of the company’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $28.53, for a total transaction of $54,378.18. Following the completion of the transaction, the insider now directly owns 56,913 shares in the company, valued at approximately $1,623,727.89. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 5.21% of the stock is owned by corporate insiders.

Shares of Nordstrom stock traded up $0.18 on Friday, reaching $34.80. The stock had a trading volume of 4,484,165 shares, compared to its average volume of 7,063,304. The business’s 50-day moving average price is $29.49 and its two-hundred day moving average price is $35.99. The company has a debt-to-equity ratio of 5.39, a quick ratio of 0.35 and a current ratio of 0.79. Nordstrom, Inc. has a fifty-two week low of $25.01 and a fifty-two week high of $67.75. The stock has a market cap of $5.43 billion, a P/E ratio of 9.80, a price-to-earnings-growth ratio of 1.75 and a beta of 0.70.

Nordstrom (NYSE:JWN) last released its earnings results on Wednesday, August 21st. The specialty retailer reported $0.90 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.76 by $0.14. The firm had revenue of $3.87 billion during the quarter, compared to analysts’ expectations of $3.92 billion. Nordstrom had a net margin of 3.17% and a return on equity of 62.11%. The business’s quarterly revenue was down 4.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.95 EPS. As a group, equities analysts forecast that Nordstrom, Inc. will post 3.34 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 30th will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 4.25%. The ex-dividend date is Thursday, August 29th. Nordstrom’s payout ratio is currently 41.69%.

Nordstrom Company Profile

Nordstrom, Inc, a fashion retailer, provides apparel, shoes, cosmetics, and accessories for women, men, young adults, and children. It offers a range of brand name and private label merchandise through various channels, such as Nordstrom branded full-line stores and online store at Nordstrom.com; Nordstrom Rack stores; Nordstromrack.com and HauteLook; Jeffrey boutiques; clearance stores that operate under the Last Chance name; Trunk Club clubhouses and TrunkClub.com; and Nordstrom Locals.

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Institutional Ownership by Quarter for Nordstrom (NYSE:JWN)

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