Huntington National Bank cut its position in shares of Nordstrom, Inc. (NYSE:JWN) by 13.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,453 shares of the specialty retailer’s stock after selling 550 shares during the period. Huntington National Bank’s holdings in Nordstrom were worth $165,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Parallel Advisors LLC raised its position in Nordstrom by 12.7% in the first quarter. Parallel Advisors LLC now owns 2,099 shares of the specialty retailer’s stock worth $104,000 after buying an additional 236 shares during the period. Gemmer Asset Management LLC raised its position in Nordstrom by 0.8% in the first quarter. Gemmer Asset Management LLC now owns 2,252 shares of the specialty retailer’s stock worth $105,000 after buying an additional 18 shares during the period. Ledyard National Bank raised its position in Nordstrom by 291.1% in the first quarter. Ledyard National Bank now owns 2,362 shares of the specialty retailer’s stock worth $110,000 after buying an additional 1,758 shares during the period. Advisory Services Network LLC acquired a new position in Nordstrom during the first quarter worth $113,000. Finally, NEXT Financial Group Inc raised its position in Nordstrom by 55.4% in the second quarter. NEXT Financial Group Inc now owns 2,642 shares of the specialty retailer’s stock worth $126,000 after buying an additional 942 shares during the period. 66.53% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Nordstrom, Inc. (JWN) traded down 0.25% during trading on Friday, reaching $44.33. 1,284,938 shares of the company traded hands. Nordstrom, Inc. has a 52 week low of $39.53 and a 52 week high of $62.82. The company has a market capitalization of $7.37 billion, a P/E ratio of 21.00 and a beta of 0.83. The company’s 50-day moving average price is $46.88 and its 200-day moving average price is $45.53.
Nordstrom (NYSE:JWN) last released its earnings results on Thursday, August 10th. The specialty retailer reported $0.65 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.03. Nordstrom had a net margin of 2.44% and a return on equity of 71.57%. The company had revenue of $3.72 billion during the quarter, compared to analyst estimates of $3.70 billion. During the same period in the prior year, the firm posted $0.67 EPS. The firm’s quarterly revenue was up 3.5% compared to the same quarter last year. Equities research analysts forecast that Nordstrom, Inc. will post $2.97 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 12th. Shareholders of record on Monday, August 28th will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 3.34%. The ex-dividend date is Thursday, August 24th. Nordstrom’s dividend payout ratio (DPR) is currently 70.14%.
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JWN has been the topic of a number of recent analyst reports. Gordon Haskett initiated coverage on shares of Nordstrom in a research report on Tuesday, May 9th. They set an “accumulate” rating and a $54.00 price target on the stock. TheStreet raised shares of Nordstrom from a “c” rating to a “b-” rating in a research report on Wednesday, April 26th. Maxim Group set a $61.00 price target on shares of Nordstrom and gave the company a “buy” rating in a research report on Thursday, May 4th. Vetr lowered shares of Nordstrom from a “strong-buy” rating to a “buy” rating and set a $53.07 price target on the stock. in a research report on Monday, April 24th. Finally, UBS AG reissued a “buy” rating and set a $51.00 price target on shares of Nordstrom in a research report on Monday, May 15th. Four analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eight have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $48.10.
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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