Nordstrom, Inc. (JWN) Position Reduced by Fiera Capital Corp
Fiera Capital Corp decreased its position in Nordstrom, Inc. (NYSE:JWN) by 9.1% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 636,606 shares of the specialty retailer’s stock after selling 63,775 shares during the period. Fiera Capital Corp owned about 0.38% of Nordstrom worth $30,449,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Parallel Advisors LLC boosted its stake in Nordstrom by 12.7% in the 1st quarter. Parallel Advisors LLC now owns 2,099 shares of the specialty retailer’s stock worth $104,000 after purchasing an additional 236 shares during the period. Gemmer Asset Management LLC boosted its stake in Nordstrom by 0.8% in the 2nd quarter. Gemmer Asset Management LLC now owns 2,270 shares of the specialty retailer’s stock worth $109,000 after purchasing an additional 18 shares during the period. NEXT Financial Group Inc boosted its stake in Nordstrom by 55.4% in the 2nd quarter. NEXT Financial Group Inc now owns 2,642 shares of the specialty retailer’s stock worth $126,000 after purchasing an additional 942 shares during the period. Ameritas Investment Partners Inc. boosted its stake in Nordstrom by 6,460.5% in the 1st quarter. Ameritas Investment Partners Inc. now owns 2,821 shares of the specialty retailer’s stock worth $131,000 after purchasing an additional 2,778 shares during the period. Finally, Mosaic Family Wealth LLC boosted its stake in Nordstrom by 3.8% in the 1st quarter. Mosaic Family Wealth LLC now owns 2,953 shares of the specialty retailer’s stock worth $138,000 after purchasing an additional 109 shares during the period. 63.71% of the stock is owned by hedge funds and other institutional investors.
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Shares of Nordstrom, Inc. (NYSE:JWN) opened at 47.74 on Thursday. The company’s 50-day moving average is $45.94 and its 200 day moving average is $45.60. Nordstrom, Inc. has a 52-week low of $39.53 and a 52-week high of $62.82. The firm has a market capitalization of $7.94 billion, a P/E ratio of 22.61 and a beta of 0.82.
Nordstrom (NYSE:JWN) last issued its earnings results on Thursday, August 10th. The specialty retailer reported $0.65 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.03. The business had revenue of $3.72 billion during the quarter, compared to analyst estimates of $3.70 billion. Nordstrom had a return on equity of 71.57% and a net margin of 2.44%. Nordstrom’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.67 earnings per share. Analysts expect that Nordstrom, Inc. will post $2.97 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 12th. Shareholders of record on Monday, August 28th were paid a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 3.10%. The ex-dividend date was Thursday, August 24th. Nordstrom’s dividend payout ratio is currently 70.14%.
JWN has been the subject of a number of recent analyst reports. Gordon Haskett reaffirmed an “accumulate” rating on shares of Nordstrom in a research note on Friday, June 9th. J P Morgan Chase & Co reaffirmed an “underweight” rating and issued a $48.00 price objective on shares of Nordstrom in a research note on Friday, July 14th. ValuEngine lowered shares of Nordstrom from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Vetr lowered shares of Nordstrom from a “sell” rating to a “strong sell” rating and set a $41.54 price objective for the company. in a research note on Monday, July 17th. Finally, William Blair reaffirmed an “outperform” rating on shares of Nordstrom in a research note on Tuesday. Four research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eight have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $48.26.
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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