Watch Point Trust Co decreased its holdings in Nordstrom, Inc. (NYSE:JWN) by 38.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,000 shares of the specialty retailer’s stock after selling 8,645 shares during the quarter. Watch Point Trust Co’s holdings in Nordstrom were worth $660,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of JWN. Bank of New York Mellon Corp grew its stake 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 last quarter. York Capital Management Global Advisors LLC bought a new stake in shares of Nordstrom in the second quarter worth $75,623,000. Principal Financial Group Inc. grew its stake in shares of Nordstrom by 168.7% in the second quarter. Principal Financial Group Inc. now owns 1,831,138 shares of the specialty retailer’s stock worth $87,584,000 after purchasing an additional 1,149,685 shares during the last quarter. Disciplined Growth Investors Inc. MN grew its stake in shares of Nordstrom by 1,155.2% in the second quarter. Disciplined Growth Investors Inc. MN now owns 893,200 shares of the specialty retailer’s stock worth $42,722,000 after purchasing an additional 822,038 shares during the last quarter. Finally, Franklin Resources Inc. grew its stake in shares of Nordstrom by 245.1% in the second quarter. Franklin Resources Inc. now owns 1,064,584 shares of the specialty retailer’s stock worth $50,919,000 after purchasing an additional 756,061 shares during the last quarter. 63.03% of the stock is currently owned by institutional investors.
Nordstrom, Inc. (NYSE:JWN) traded up $0.69 during trading hours on Monday, hitting $39.19. 943,975 shares of the stock traded hands, compared to its average volume of 2,569,992. The company has a market capitalization of $6,400.23, a P/E ratio of 11.70, a PEG 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. The company has a current ratio of 1.01, a quick ratio of 0.40 and a debt-to-equity ratio of 3.48.
Nordstrom (NYSE:JWN) last released its quarterly earnings results on Thursday, August 10th. The specialty retailer reported $0.65 EPS for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.03. The business had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.70 billion. Nordstrom had a return on equity of 71.57% and a net margin of 2.44%. Nordstrom’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.67 EPS. equities research analysts predict that Nordstrom, Inc. will post 2.98 earnings per share for the current year.
JWN has been the topic of several analyst reports. KeyCorp set a $55.00 price objective on shares of Nordstrom and gave the stock a “buy” rating in a research note on Wednesday, October 11th. ValuEngine cut shares of Nordstrom from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Royal Bank Of Canada reissued a “hold” rating and issued a $45.00 price objective on shares of Nordstrom in a research note on Thursday, October 5th. J P Morgan Chase & Co reissued an “underweight” rating and issued a $48.00 price objective on shares of Nordstrom in a research note on Friday, July 14th. Finally, Vetr cut shares of Nordstrom from a “sell” rating to a “strong sell” rating and set a $41.54 price objective on the stock. in a research note on Monday, July 17th. Five research analysts have rated the stock with a sell rating, sixteen have given a hold rating and seven have issued a buy rating to the company’s stock. Nordstrom has a consensus rating of “Hold” and a consensus price target of $47.41.
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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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