Raymond James Financial Services Advisors Inc. grew its holdings in Nordstrom, Inc. (NYSE:JWN) by 89.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 44,068 shares of the specialty retailer’s stock after purchasing an additional 20,867 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Nordstrom were worth $2,108,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Gemmer Asset Management LLC increased its holdings in shares of Nordstrom by 0.8% in the 2nd quarter. Gemmer Asset Management LLC now owns 2,270 shares of the specialty retailer’s stock valued at $109,000 after purchasing an additional 18 shares during the period. NEXT Financial Group Inc increased its holdings in shares of Nordstrom by 55.4% in the 2nd quarter. NEXT Financial Group Inc now owns 2,642 shares of the specialty retailer’s stock valued at $126,000 after purchasing an additional 942 shares during the period. Ameritas Investment Partners Inc. increased its holdings in shares of Nordstrom by 6,460.5% in the 1st quarter. Ameritas Investment Partners Inc. now owns 2,821 shares of the specialty retailer’s stock valued at $131,000 after purchasing an additional 2,778 shares during the period. Sei Investments Co. increased its holdings in shares of Nordstrom by 32.0% in the 2nd quarter. Sei Investments Co. now owns 3,177 shares of the specialty retailer’s stock valued at $152,000 after purchasing an additional 771 shares during the period. Finally, Mosaic Family Wealth LLC increased its holdings in shares of Nordstrom by 8.2% in the 2nd quarter. Mosaic Family Wealth LLC now owns 3,195 shares of the specialty retailer’s stock valued at $153,000 after purchasing an additional 242 shares during the period. Institutional investors own 63.00% of the company’s stock.

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Nordstrom, Inc. (NYSE JWN) opened at 42.01 on Thursday. The company has a 50 day moving average price of $45.18 and a 200-day moving average price of $45.70. 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 $6.98 billion, a price-to-earnings ratio of 19.90 and a beta of 0.85.

Nordstrom (NYSE:JWN) last announced its quarterly earnings results on Thursday, August 10th. The specialty retailer reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.03. The firm had revenue of $3.72 billion for the quarter, compared to analysts’ expectations of $3.70 billion. Nordstrom had a net margin of 2.44% and a return on equity of 71.57%. Nordstrom’s revenue was up 3.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.67 earnings per share. Equities analysts predict that Nordstrom, Inc. will post $2.98 earnings per share for the current year.

Several equities research analysts recently commented on JWN shares. Vetr cut Nordstrom from a “sell” rating to a “strong sell” rating and set a $41.54 price target for the company. in a research note on Wednesday, July 5th. Robert W. Baird set a $50.00 price target on Nordstrom and gave the company a “hold” rating in a research note on Saturday, August 12th. Zacks Investment Research raised Nordstrom from a “hold” rating to a “buy” rating and set a $53.00 price target for the company in a research note on Thursday, August 10th. Wolfe Research boosted their price target on Nordstrom from $45.00 to $47.00 and gave the company an “outperform” rating in a research note on Friday, August 11th. Finally, Piper Jaffray Companies set a $42.00 price target on Nordstrom and gave the company a “hold” rating in a research note on Monday, July 17th. Four equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eight have issued a buy rating to the company’s stock. Nordstrom currently has a consensus rating of “Hold” and a consensus target price of $47.77.

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.

Institutional Ownership by Quarter for Nordstrom (NYSE:JWN)

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