Raab & Moskowitz Asset Management LLC reduced its holdings in Nordstrom, Inc. (NYSE:JWN) by 23.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,502 shares of the specialty retailer’s stock after selling 1,363 shares during the period. Raab & Moskowitz Asset Management LLC’s holdings in Nordstrom were worth $202,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Flippin Bruce & Porter Inc. grew its holdings in shares of Nordstrom by 46.2% during the 2nd quarter. Flippin Bruce & Porter Inc. now owns 112,227 shares of the specialty retailer’s stock worth $5,368,000 after purchasing an additional 35,467 shares in the last quarter. Twin Capital Management Inc. grew its holdings in shares of Nordstrom by 17.4% during the 2nd quarter. Twin Capital Management Inc. now owns 31,360 shares of the specialty retailer’s stock worth $1,500,000 after purchasing an additional 4,650 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of Nordstrom by 168.7% during the 2nd quarter. Principal Financial Group Inc. now owns 1,831,138 shares of the specialty retailer’s stock worth $87,584,000 after purchasing an additional 1,149,685 shares in the last quarter. Stonebridge Capital Advisors LLC grew its holdings in shares of Nordstrom by 5.0% during the 2nd quarter. Stonebridge Capital Advisors LLC now owns 71,988 shares of the specialty retailer’s stock worth $3,443,000 after purchasing an additional 3,428 shares in the last quarter. Finally, Scopus Asset Management L.P. grew its holdings in shares of Nordstrom by 50.0% during the 1st quarter. Scopus Asset Management L.P. now owns 600,000 shares of the specialty retailer’s stock worth $27,942,000 after purchasing an additional 200,000 shares in the last quarter. 63.08% of the stock is currently owned by institutional investors.

Several brokerages have recently weighed in on JWN. Vetr lowered Nordstrom from a “sell” rating to a “strong sell” rating and set a $41.54 price objective on the stock. in a report on Wednesday, July 5th. Robert W. Baird set a $50.00 price objective on Nordstrom and gave the stock a “hold” rating in a report on Saturday, August 12th. Zacks Investment Research raised Nordstrom from a “hold” rating to a “buy” rating and set a $53.00 price objective on the stock in a report on Thursday, August 10th. Wolfe Research lifted their price objective on Nordstrom from $45.00 to $47.00 and gave the stock an “outperform” rating in a report on Friday, August 11th. Finally, Royal Bank Of Canada set a $45.00 price objective on Nordstrom and gave the stock a “hold” rating in a report on Monday, June 19th. Four equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eight have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $47.77.

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Nordstrom, Inc. (NYSE:JWN) traded up 0.14% during trading on Friday, reaching $42.65. The company’s stock had a trading volume of 1,424,273 shares. Nordstrom, Inc. has a 1-year low of $39.53 and a 1-year high of $62.82. The stock has a market cap of $7.09 billion, a P/E ratio of 20.20 and a beta of 0.85. The company’s 50 day moving average price is $45.50 and its 200-day moving average price is $45.81.

Nordstrom (NYSE:JWN) last released its quarterly earnings data on Thursday, August 10th. The specialty retailer reported $0.65 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.03. Nordstrom had a return on equity of 71.57% and a net margin of 2.44%. The company had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.70 billion. During the same quarter last year, the business posted $0.67 EPS. Nordstrom’s revenue for the quarter was up 3.5% on a year-over-year basis. Equities analysts forecast that Nordstrom, Inc. will post $2.98 earnings per share for the current fiscal year.

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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