Candriam Luxembourg S.C.A. lessened its holdings in Nordstrom, Inc. (NYSE:JWN) by 9.7% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 87,796 shares of the specialty retailer’s stock after selling 9,453 shares during the period. Candriam Luxembourg S.C.A. owned about 0.05% of Nordstrom worth $4,140,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of the company. Bank of New York Mellon Corp lifted its stake in shares of Nordstrom by 37.8% in the 2nd 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. lifted its stake in shares of Nordstrom by 1.9% in the 2nd 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. lifted its stake in shares of Nordstrom by 7.4% in the 3rd 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 2nd quarter worth approximately $75,623,000. Finally, APG Asset Management N.V. lifted its stake in shares of Nordstrom by 6.8% in the 3rd 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.
Nordstrom, Inc. (JWN) opened at $38.72 on Tuesday. Nordstrom, Inc. has a fifty-two week low of $37.79 and a fifty-two week high of $62.82. The company has a debt-to-equity ratio of 3.14, a current ratio of 1.00 and a quick ratio of 0.30. The firm has a market cap of $6,669.00, a price-to-earnings ratio of 12.83, a P/E/G ratio of 2.26 and a beta of 0.84.
Nordstrom (NYSE:JWN) last posted its earnings results on Thursday, November 9th. The specialty retailer reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.04. Nordstrom had a net margin of 3.25% and a return on equity of 67.44%. The firm had revenue of $3.54 billion during the quarter, compared to analyst estimates of $3.50 billion. During the same period last year, the firm posted $0.84 earnings per share. Nordstrom’s revenue for the quarter was up 2.0% compared to the same quarter last year. research analysts predict that Nordstrom, Inc. will post 2.95 EPS for the current year.
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JWN has been the topic of several recent research reports. ValuEngine cut shares of Nordstrom from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. William Blair reiterated an “outperform” rating on shares of Nordstrom in a research note on Tuesday, September 12th. Gordon Haskett cut shares of Nordstrom from an “accumulate” rating to a “hold” rating in a research note on Wednesday, September 13th. 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. Finally, Cowen and Company reiterated an “outperform” rating and issued a $53.00 price objective (up previously from $49.00) on shares of Nordstrom in a research note on Wednesday, September 13th. Four research analysts have rated the stock with a sell rating, seventeen have given a hold rating and seven have given a buy rating to the stock. The stock currently 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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