274,264 Shares in Nordstrom, Inc. (JWN) Acquired by Symons Capital Management Inc.
Symons Capital Management Inc. acquired a new position in shares of Nordstrom, Inc. (NYSE:JWN) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 274,264 shares of the specialty retailer’s stock, valued at approximately $12,932,000. Nordstrom comprises 3.3% of Symons Capital Management Inc.’s investment portfolio, making the stock its 13th biggest holding. Symons Capital Management Inc. owned approximately 0.16% of Nordstrom at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. Gemmer Asset Management LLC increased its holdings in Nordstrom by 0.8% during 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 last quarter. 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 acquiring an additional 942 shares during the last quarter. 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 acquiring an additional 771 shares during the last quarter. 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 acquiring an additional 242 shares during the last quarter. Finally, James Investment Research Inc. bought a new stake in shares of Nordstrom in the 2nd quarter valued at approximately $156,000. Institutional investors own 63.03% of the company’s stock.
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Shares of Nordstrom, Inc. (NYSE JWN) traded down $0.59 during trading on Friday, hitting $39.44. The stock had a trading volume of 4,235,313 shares, compared to its average volume of 2,899,062. The company has a debt-to-equity ratio of 3.48, a quick ratio of 0.40 and a current ratio of 1.01. The firm has a market capitalization of $6,366.98, a price-to-earnings ratio of 11.64, a price-to-earnings-growth ratio of 2.14 and a beta of 0.84. Nordstrom, Inc. has a twelve month low of $37.79 and a twelve month high of $62.82.
Nordstrom (NYSE:JWN) last announced its quarterly earnings data on Thursday, November 9th. The specialty retailer reported $0.67 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.04. The business had revenue of $3.54 billion during the quarter, compared to analyst estimates of $3.50 billion. Nordstrom had a return on equity of 71.57% and a net margin of 2.44%. The company’s revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.84 earnings per share. equities research analysts expect that Nordstrom, Inc. will post 2.98 EPS for the current year.
A number of equities research analysts have recently weighed in on the company. Piper Jaffray Companies set a $42.00 price target on Nordstrom and gave the company a “hold” rating in a report on Tuesday, July 25th. KeyCorp reiterated an “overweight” rating and issued a $55.00 price target on shares of Nordstrom in a report on Thursday, September 14th. J P Morgan Chase & Co reiterated an “underweight” rating and issued a $48.00 price target on shares of Nordstrom in a report on Friday, July 14th. Credit Suisse Group reiterated a “buy” rating and issued a $52.00 price target on shares of Nordstrom in a report on Thursday, August 10th. Finally, Zacks Investment Research upgraded Nordstrom from a “hold” rating to a “buy” rating and set a $53.00 price target for the company in a report on Thursday, August 10th. Four equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and seven have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $46.98.
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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