Mutual of America Capital Management LLC Acquires 3,109 Shares of Nordstrom, Inc. (JWN)

Mutual of America Capital Management LLC boosted its holdings in shares of Nordstrom, Inc. (NYSE:JWN) by 22.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,664 shares of the specialty retailer’s stock after acquiring an additional 3,109 shares during the period. Mutual of America Capital Management LLC’s holdings in Nordstrom were worth $786,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of JWN. Gemmer Asset Management LLC boosted 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 buying an additional 18 shares in the last quarter. NEXT Financial Group Inc boosted 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 buying an additional 942 shares in the last quarter. Sei Investments Co. boosted 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 buying an additional 771 shares in the last quarter. Mosaic Family Wealth LLC boosted 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 buying an additional 242 shares in the last quarter. Finally, James Investment Research Inc. acquired a new stake in Nordstrom in the 2nd quarter worth approximately $156,000. Institutional investors own 63.06% of the company’s stock.

Shares of Nordstrom, Inc. (NYSE JWN) opened at $38.50 on Friday. 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 stock has a market cap of $6,400.24, a PE ratio of 11.70, a price-to-earnings-growth ratio of 2.15 and a beta of 0.84. Nordstrom, Inc. has a one year low of $38.43 and a one year high of $62.82.

Nordstrom (NYSE:JWN) last released its earnings results on Thursday, August 10th. The specialty retailer reported $0.65 earnings per share for the quarter, topping the Zacks’ 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 firm had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.70 billion. During the same period in the prior year, the firm earned $0.67 earnings per share. The business’s quarterly revenue was up 3.5% compared to the same quarter last year. sell-side analysts anticipate that Nordstrom, Inc. will post 2.98 EPS for the current fiscal year.

A number of analysts recently commented on JWN shares. Zacks Investment Research upgraded shares of Nordstrom from a “hold” rating to a “buy” rating and set a $53.00 target price for the company in a research note on Thursday, August 10th. Cowen and Company reiterated an “outperform” rating and issued a $53.00 target price (up from $49.00) on shares of Nordstrom in a research note on Wednesday, September 13th. KeyCorp set a $55.00 target price on shares of Nordstrom and gave the stock a “buy” rating in a research note on Wednesday, October 11th. BidaskClub cut shares of Nordstrom from a “buy” rating to a “hold” rating in a research note on Saturday, August 12th. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $45.00 target price on shares of Nordstrom in a research note on Thursday, October 5th. Five research 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’s stock. The stock has an average rating of “Hold” and a consensus price target of $47.41.

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About Nordstrom

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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