Swiss National Bank decreased its position in shares of Nordstrom, Inc. (NYSE:JWN) by 1.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 460,425 shares of the specialty retailer’s stock after selling 4,700 shares during the period. Swiss National Bank owned approximately 276,964.03% of Nordstrom worth $21,709,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of JWN. Bank of New York Mellon Corp increased its position in shares of Nordstrom by 37.8% in the second quarter. Bank of New York Mellon Corp now owns 10,882,305 shares of the specialty retailer’s stock worth $520,501,000 after purchasing an additional 2,985,551 shares during the period. BlackRock Inc. increased its position in shares of Nordstrom by 1.9% in the second quarter. BlackRock Inc. now owns 8,171,548 shares of the specialty retailer’s stock worth $390,843,000 after purchasing an additional 150,539 shares during the period. Principal Financial Group Inc. increased its position in shares of Nordstrom by 7.4% in the third quarter. Principal Financial Group Inc. now owns 1,967,191 shares of the specialty retailer’s stock worth $92,752,000 after purchasing an additional 136,053 shares during the period. York Capital Management Global Advisors LLC bought a new position in shares of Nordstrom in the second quarter worth $75,623,000. Finally, APG Asset Management N.V. increased its position in shares of Nordstrom by 6.8% in the third quarter. APG Asset Management N.V. now owns 1,519,455 shares of the specialty retailer’s stock worth $71,642,000 after purchasing an additional 97,000 shares during the period. Hedge funds and other institutional investors own 62.35% of the company’s stock.

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Nordstrom, Inc. (JWN) opened at $40.86 on Friday. The company has a quick ratio of 0.30, a current ratio of 1.00 and a debt-to-equity ratio of 3.14. The company has a market capitalization of $6,807.28, a P/E ratio of 13.10, a P/E/G ratio of 2.31 and a beta of 0.84. Nordstrom, Inc. has a 12 month low of $37.79 and a 12 month high of $61.85.

Nordstrom (NYSE:JWN) last posted its quarterly earnings data on Thursday, November 9th. The specialty retailer reported $0.67 EPS for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.04. The company had revenue of $3.54 billion for the quarter, compared to analyst estimates of $3.50 billion. Nordstrom had a return on equity of 67.44% and a net margin of 3.25%. The firm’s quarterly revenue was up 2.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.84 earnings per share. analysts predict that Nordstrom, Inc. will post 2.95 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 12th. Investors of record on Monday, November 27th will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.62%. The ex-dividend date of this dividend is Friday, November 24th. Nordstrom’s dividend payout ratio is currently 52.11%.

A number of research analysts recently commented on JWN shares. Cowen and Company restated a “buy” rating and issued a $49.00 price target on shares of Nordstrom in a research report on Friday, August 11th. Credit Suisse Group restated a “buy” rating and issued a $52.00 price target on shares of Nordstrom in a research report on Thursday, August 10th. Zacks Investment Research upgraded Nordstrom from a “hold” rating to a “buy” rating and set a $53.00 price target on the stock in a research report on Thursday, August 10th. KeyCorp set a $55.00 price target on Nordstrom and gave the stock a “buy” rating in a research report on Wednesday, October 11th. Finally, Royal Bank Of Canada set a $45.00 price target on Nordstrom and gave the stock a “hold” rating in a research report on Tuesday, August 29th. Five analysts have rated the stock with a sell rating, sixteen have issued a hold rating and seven have issued a buy rating to the company. Nordstrom has a consensus rating of “Hold” and a consensus target price of $45.33.

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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Institutional Ownership by Quarter for Nordstrom (NYSE:JWN)

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