Smithfield Trust Co. maintained its position in Nordstrom, Inc. (NYSE:JWN) during the second quarter, Holdings Channel reports. The firm owned 3,500 shares of the specialty retailer’s stock at the end of the second quarter. Smithfield Trust Co.’s holdings in Nordstrom were worth $167,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Korea Investment CORP increased its position in Nordstrom by 73.4% in the second quarter. Korea Investment CORP now owns 117,200 shares of the specialty retailer’s stock valued at $5,606,000 after buying an additional 49,600 shares during the period. Candriam Luxembourg S.C.A. increased its position in Nordstrom by 21.1% in the second quarter. Candriam Luxembourg S.C.A. now owns 97,249 shares of the specialty retailer’s stock valued at $4,652,000 after buying an additional 16,966 shares during the period. Sei Investments Co. increased 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 valued at $152,000 after buying an additional 771 shares during the period. Tufton Capital Management increased its position in Nordstrom by 2.5% in the second quarter. Tufton Capital Management now owns 92,592 shares of the specialty retailer’s stock valued at $4,429,000 after buying an additional 2,275 shares during the period. Finally, CIBC Asset Management Inc increased its position in Nordstrom by 1.6% in the second quarter. CIBC Asset Management Inc now owns 15,845 shares of the specialty retailer’s stock valued at $758,000 after buying an additional 257 shares during the period. Institutional investors and hedge funds own 64.36% of the company’s stock.

Nordstrom, Inc. (NYSE:JWN) opened at 47.41 on Wednesday. The company has a 50-day moving average of $47.43 and a 200-day moving average of $45.44. Nordstrom, Inc. has a one year low of $39.53 and a one year high of $62.82. The company has a market cap of $7.87 billion, a price-to-earnings ratio of 22.20 and a beta of 0.83.

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Several research firms recently commented on JWN. Piper Jaffray Companies set a $42.00 price target on shares of Nordstrom and gave the company a “hold” rating in a research note on Tuesday, July 25th. Vetr downgraded shares of Nordstrom from a “sell” rating to a “strong sell” rating and set a $41.54 price objective on the stock. in a research note on Monday, July 17th. J P Morgan Chase & Co reiterated an “underweight” rating and set a $48.00 price objective on shares of Nordstrom in a research note on Friday, July 14th. Royal Bank Of Canada set a $45.00 price objective on shares of Nordstrom and gave the stock a “hold” rating in a research note on Monday, June 19th. Finally, Credit Suisse Group reiterated a “neutral” rating and set a $52.00 price objective on shares of Nordstrom in a research note on Monday, June 12th. Five equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $47.23.

About Nordstrom

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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Institutional Ownership by Quarter for Nordstrom (NYSE:JWN)

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