Nordstrom, Inc. (JWN) Stake Lifted by Zurcher Kantonalbank Zurich Cantonalbank
Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Nordstrom, Inc. (NYSE:JWN) by 18.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 68,148 shares of the specialty retailer’s stock after purchasing an additional 10,594 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Nordstrom were worth $3,213,000 as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. Sei Investments Co. boosted its holdings in Nordstrom by 32.0% in the second 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 in the last quarter. Mosaic Family Wealth LLC boosted its holdings in Nordstrom by 8.2% in the second 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 in the last quarter. Advisory Services Network LLC boosted its holdings in Nordstrom by 41.8% in the second quarter. Advisory Services Network LLC now owns 3,452 shares of the specialty retailer’s stock valued at $165,000 after acquiring an additional 1,018 shares in the last quarter. Thrivent Financial For Lutherans bought a new stake in Nordstrom in the second quarter valued at $202,000. Finally, Nordea Investment Management AB boosted its holdings in Nordstrom by 7.2% in the second quarter. Nordea Investment Management AB now owns 4,264 shares of the specialty retailer’s stock valued at $204,000 after acquiring an additional 287 shares in the last quarter. Hedge funds and other institutional investors own 57.68% of the company’s stock.
Nordstrom, Inc. (NYSE:JWN) traded up $3.09 on Thursday, hitting $45.76. The stock had a trading volume of 7,680,400 shares, compared to its average volume of 2,906,303. The company has a current ratio of 1.00, a quick ratio of 0.30 and a debt-to-equity ratio of 3.14. The stock has a market cap of $7,108.07, a price-to-earnings ratio of 13.68, a PEG ratio of 2.41 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 results on Thursday, November 9th. The specialty retailer reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.04. The firm had revenue of $3.54 billion during 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%. Nordstrom’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.84 EPS. equities analysts anticipate that Nordstrom, Inc. will post 2.95 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Monday, November 27th will be given a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 3.23%. The ex-dividend date of this dividend is Friday, November 24th. Nordstrom’s dividend payout ratio is presently 52.11%.
Several research firms recently weighed in on JWN. Royal Bank Of Canada set a $45.00 price target on shares of Nordstrom and gave the company a “hold” rating in a report on Tuesday, August 29th. UBS cut their price target on shares of Nordstrom from $46.00 to $43.00 and set a “neutral” rating on the stock in a report on Friday, November 10th. ValuEngine lowered Nordstrom from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Robert W. Baird reissued a “hold” rating and set a $50.00 price objective on shares of Nordstrom in a research report on Wednesday, November 1st. Finally, Cowen reissued an “outperform” rating and set a $49.00 price objective on shares of Nordstrom in a research report on Tuesday, August 29th. Five analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and seven have assigned a buy rating to the company. Nordstrom presently has a consensus rating of “Hold” and a consensus target price of $45.33.
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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