AMP Capital Investors Ltd grew its holdings in Nordstrom, Inc. (NYSE:JWN) by 28.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 46,416 shares of the specialty retailer’s stock after acquiring an additional 10,300 shares during the period. AMP Capital Investors Ltd’s holdings in Nordstrom were worth $2,199,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Bank of New York Mellon Corp lifted its holdings in Nordstrom by 11.8% in the 4th quarter. Bank of New York Mellon Corp now owns 10,245,078 shares of the specialty retailer’s stock worth $485,413,000 after buying an additional 1,078,880 shares during the period. BlackRock Inc. lifted its holdings in Nordstrom by 3.4% in the 4th quarter. BlackRock Inc. now owns 8,343,411 shares of the specialty retailer’s stock worth $395,312,000 after buying an additional 275,344 shares during the period. Geode Capital Management LLC lifted its holdings in Nordstrom by 4.1% in the 4th quarter. Geode Capital Management LLC now owns 1,402,334 shares of the specialty retailer’s stock worth $66,320,000 after buying an additional 55,820 shares during the period. Amundi Pioneer Asset Management Inc. lifted its holdings in Nordstrom by 73.5% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 1,204,280 shares of the specialty retailer’s stock worth $57,059,000 after buying an additional 510,043 shares during the period. Finally, Schroder Investment Management Group lifted its holdings in Nordstrom by 97.6% in the 4th quarter. Schroder Investment Management Group now owns 1,036,341 shares of the specialty retailer’s stock worth $49,102,000 after buying an additional 511,905 shares during the period. Institutional investors and hedge funds own 58.75% of the company’s stock.
Several equities research analysts have weighed in on JWN shares. ValuEngine cut Nordstrom from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Zacks Investment Research upgraded Nordstrom from a “sell” rating to a “hold” rating in a research note on Wednesday, December 27th. Royal Bank of Canada set a $49.00 target price on Nordstrom and gave the company a “hold” rating in a research note on Friday, March 2nd. TheStreet upgraded Nordstrom from a “c+” rating to a “b-” rating in a research note on Friday, March 2nd. Finally, BMO Capital Markets set a $50.00 target price on Nordstrom and gave the company a “hold” rating in a research note on Friday, January 12th. Two research analysts have rated the stock with a sell rating, sixteen have given a hold rating and six have assigned a buy rating to the company. Nordstrom presently has an average rating of “Hold” and an average target price of $48.92.
Nordstrom, Inc. (JWN) opened at $46.87 on Friday. The stock has a market capitalization of $8,241.45, a price-to-earnings ratio of 18.17, a price-to-earnings-growth ratio of 2.40 and a beta of 0.81. Nordstrom, Inc. has a one year low of $37.79 and a one year high of $54.00. The company has a debt-to-equity ratio of 2.74, a quick ratio of 0.45 and a current ratio of 1.07.
Nordstrom (NYSE:JWN) last announced its quarterly earnings data on Thursday, March 1st. The specialty retailer reported $1.20 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.24 by ($0.04). The company had revenue of $4.60 billion for the quarter, compared to analysts’ expectations of $4.57 billion. Nordstrom had a net margin of 2.86% and a return on equity of 60.72%. The firm’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.27 EPS. equities research analysts forecast that Nordstrom, Inc. will post 3.42 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 20th. Shareholders of record on Monday, March 5th were paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 3.16%. The ex-dividend date of this dividend was Friday, March 2nd. Nordstrom’s payout ratio is 57.36%.
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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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