Nordstrom, Inc. (JWN) Shares Bought by Stephens Inc. AR
Stephens Inc. AR grew its holdings in Nordstrom, Inc. (NYSE:JWN) by 10.3% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 7,525 shares of the specialty retailer’s stock after buying an additional 700 shares during the quarter. Stephens Inc. AR’s holdings in Nordstrom were worth $360,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in JWN. BlackRock Inc. lifted its holdings in Nordstrom by 2,321.7% in the 1st quarter. BlackRock Inc. now owns 8,021,009 shares of the specialty retailer’s stock worth $373,537,000 after buying an additional 7,689,800 shares during the period. Bank of New York Mellon Corp lifted its holdings in Nordstrom by 37.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 10,882,305 shares of the specialty retailer’s stock worth $520,501,000 after buying an additional 2,985,551 shares during the period. Principal Financial Group Inc. lifted its holdings in Nordstrom by 168.7% in the 2nd quarter. Principal Financial Group Inc. now owns 1,831,138 shares of the specialty retailer’s stock worth $87,584,000 after buying an additional 1,149,685 shares during the period. Skandinaviska Enskilda Banken AB publ lifted its holdings in Nordstrom by 32.2% in the 1st quarter. Skandinaviska Enskilda Banken AB publ now owns 3,354,037 shares of the specialty retailer’s stock worth $156,198,000 after buying an additional 816,498 shares during the period. Finally, Franklin Resources Inc. lifted its holdings in Nordstrom by 245.1% in the 2nd quarter. Franklin Resources Inc. now owns 1,064,584 shares of the specialty retailer’s stock worth $50,919,000 after buying an additional 756,061 shares during the period. Institutional investors and hedge funds own 63.14% of the company’s stock.
Several equities research analysts have weighed in on JWN shares. Gordon Haskett reiterated an “accumulate” rating on shares of Nordstrom in a report on Friday, June 9th. ValuEngine cut Nordstrom from a “buy” rating to a “hold” rating in a report on Friday, September 1st. J P Morgan Chase & Co reiterated an “underweight” rating and issued a $48.00 price objective on shares of Nordstrom in a report on Friday, July 14th. Vetr cut Nordstrom from a “sell” rating to a “strong sell” rating and set a $41.54 price objective for the company. in a report on Monday, July 17th. Finally, Cowen and Company reiterated an “outperform” rating and issued a $53.00 price objective (up previously from $49.00) on shares of Nordstrom in a report on Wednesday, September 13th. Four investment 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’s stock. The company presently has an average rating of “Hold” and an average target price of $48.26.
Shares of Nordstrom, Inc. (NYSE JWN) opened at 46.28 on Friday. The firm has a 50 day moving average price of $45.72 and a 200-day moving average price of $45.61. The company has a market cap of $7.69 billion, a price-to-earnings ratio of 21.92 and a beta of 0.82. Nordstrom, Inc. has a 12-month low of $39.53 and a 12-month high of $62.82.
Nordstrom (NYSE:JWN) last posted its earnings results on Thursday, August 10th. The specialty retailer reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.03. The company 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 was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.67 earnings per share. On average, equities analysts expect that Nordstrom, Inc. will post $2.98 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 12th. Stockholders of record on Monday, August 28th were issued a dividend of $0.37 per share. The ex-dividend date was Thursday, August 24th. This represents a $1.48 annualized dividend and a dividend yield of 3.20%. Nordstrom’s dividend payout ratio is presently 70.14%.
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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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