Van Strum & Towne Inc. reduced its stake in Nordstrom, Inc. (NYSE:JWN) by 25.9% during the second quarter, according to its most recent filing with the SEC. The firm owned 30,079 shares of the specialty retailer’s stock after selling 10,520 shares during the period. Van Strum & Towne Inc.’s holdings in Nordstrom were worth $1,439,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Macquarie Group Ltd. boosted its stake in shares of Nordstrom by 421.1% in the fourth quarter. Macquarie Group Ltd. now owns 49,000 shares of the specialty retailer’s stock valued at $2,348,000 after buying an additional 39,596 shares during the period. Chevy Chase Trust Holdings Inc. boosted its stake in shares of Nordstrom by 1.2% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 98,187 shares of the specialty retailer’s stock valued at $4,572,000 after buying an additional 1,139 shares during the period. Gulf International Bank UK Ltd boosted its stake in shares of Nordstrom by 0.9% in the first quarter. Gulf International Bank UK Ltd now owns 43,475 shares of the specialty retailer’s stock valued at $2,024,000 after buying an additional 400 shares during the period. Merriman Wealth Management LLC boosted its stake in shares of Nordstrom by 5.4% in the first quarter. Merriman Wealth Management LLC now owns 5,922 shares of the specialty retailer’s stock valued at $276,000 after buying an additional 304 shares during the period. Finally, Cribstone Capital Management LLC boosted its stake in shares of Nordstrom by 2,530.2% in the first quarter. Cribstone Capital Management LLC now owns 7,233 shares of the specialty retailer’s stock valued at $322,000 after buying an additional 6,958 shares during the period. 64.36% of the stock is currently owned by hedge funds and other institutional investors.

Nordstrom, Inc. (NYSE:JWN) opened at 44.90 on Friday. The company has a 50-day moving average of $47.32 and a 200-day moving average of $45.51. The company has a market cap of $7.46 billion, a P/E ratio of 21.27 and a beta of 0.83. Nordstrom, Inc. has a 52 week low of $39.53 and a 52 week high of $62.82.

Nordstrom (NYSE:JWN) last announced its quarterly earnings data on Thursday, August 10th. The specialty retailer reported $0.65 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.03. Nordstrom had a net margin of 2.44% and a return on equity of 71.19%. The business had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.70 billion. During the same period last year, the business earned $0.67 EPS. The company’s revenue was up 3.5% on a year-over-year basis. On average, equities research analysts predict that Nordstrom, Inc. will post $2.96 EPS for the current year.

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JWN has been the topic of several research reports. Vetr raised Nordstrom from a “buy” rating to a “strong-buy” rating and set a $53.07 target price on the stock in a report on Tuesday, April 18th. Zacks Investment Research cut Nordstrom from a “hold” rating to a “sell” rating in a report on Wednesday, April 26th. TheStreet raised Nordstrom from a “c” rating to a “b-” rating in a report on Wednesday, April 26th. Atlantic Securities raised Nordstrom from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $45.00 to $58.00 in a report on Thursday, May 4th. Finally, Maxim Group set a $61.00 target price on Nordstrom and gave the stock a “buy” rating in a report on Thursday, May 4th. Five analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eight have assigned a buy rating to the company. Nordstrom currently has a consensus rating of “Hold” and an average price target of $47.34.

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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Institutional Ownership by Quarter for Nordstrom (NYSE:JWN)

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