Nordstrom, Inc. (JWN) Position Boosted by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lifted its stake in Nordstrom, Inc. (NYSE:JWN) by 20.1% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 605,169 shares of the specialty retailer’s stock after purchasing an additional 101,269 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.36% of Nordstrom worth $31,339,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the stock. West Coast Financial LLC boosted its position in shares of Nordstrom by 0.8% in the 2nd quarter. West Coast Financial LLC now owns 125,564 shares of the specialty retailer’s stock valued at $6,502,000 after purchasing an additional 1,003 shares during the period. Ladenburg Thalmann Financial Services Inc. boosted its position in Nordstrom by 4.3% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 25,130 shares of the specialty retailer’s stock worth $1,213,000 after acquiring an additional 1,043 shares during the period. Quantbot Technologies LP boosted its position in Nordstrom by 12.2% during the 1st quarter. Quantbot Technologies LP now owns 9,644 shares of the specialty retailer’s stock worth $466,000 after acquiring an additional 1,048 shares during the period. GWM Advisors LLC boosted its position in Nordstrom by 17.8% during the 1st quarter. GWM Advisors LLC now owns 7,960 shares of the specialty retailer’s stock worth $378,000 after acquiring an additional 1,200 shares during the period. Finally, Raymond James Financial Services Advisors Inc. boosted its position in Nordstrom by 3.0% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 41,073 shares of the specialty retailer’s stock worth $2,127,000 after acquiring an additional 1,202 shares during the period. Institutional investors and hedge funds own 56.19% of the company’s stock.

In other news, insider Peter E. Nordstrom sold 118,161 shares of the firm’s stock in a transaction dated Monday, July 9th. The stock was sold at an average price of $53.27, for a total transaction of $6,294,436.47. Following the completion of the sale, the insider now directly owns 2,525,740 shares of the company’s stock, valued at approximately $134,546,169.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider James F. Nordstrom, Jr. sold 37,880 shares of the firm’s stock in a transaction dated Friday, June 29th. The stock was sold at an average price of $52.55, for a total value of $1,990,594.00. Following the sale, the insider now directly owns 481,285 shares of the company’s stock, valued at $25,291,526.75. The disclosure for this sale can be found here. Insiders have sold a total of 163,488 shares of company stock valued at $8,672,275 over the last ninety days. Company insiders own 7.05% of the company’s stock.

JWN opened at $52.58 on Friday. Nordstrom, Inc. has a fifty-two week low of $37.79 and a fifty-two week high of $54.61. The company has a debt-to-equity ratio of 2.50, a current ratio of 1.09 and a quick ratio of 0.44. The stock has a market cap of $8.80 billion, a PE ratio of 17.34, a PEG ratio of 2.54 and a beta of 0.82.

Nordstrom (NYSE:JWN) last posted its quarterly earnings results on Thursday, May 17th. The specialty retailer reported $0.51 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.08. Nordstrom had a return on equity of 55.75% and a net margin of 2.96%. The company had revenue of $3.56 billion during the quarter, compared to the consensus estimate of $3.47 billion. During the same period last year, the business earned $0.37 EPS. research analysts forecast that Nordstrom, Inc. will post 3.44 EPS for the current fiscal year.

JWN has been the subject of a number of research reports. Zacks Investment Research lowered Nordstrom from a “buy” rating to a “hold” rating in a research report on Tuesday, May 8th. ValuEngine lowered Nordstrom from a “hold” rating to a “sell” rating in a research report on Friday, May 11th. Deutsche Bank upgraded Nordstrom from a “hold” rating to a “buy” rating and raised their price objective for the stock from $52.00 to $55.00 in a research report on Wednesday, May 23rd. Susquehanna Bancshares restated a “neutral” rating and set a $47.00 price objective on shares of Nordstrom in a research report on Thursday, June 7th. Finally, Tigress Financial restated a “buy” rating on shares of Nordstrom in a research report on Tuesday, June 19th. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $50.18.

Nordstrom Company Profile

Nordstrom, Inc, a fashion retailer, provides apparel, shoes, cosmetics, and accessories for women, men, young adults, and children in the United States and Canada. The company operates in two segments, Retail and Credit. The Retail segment offers a range of brand name and private label merchandise through various channels, including Nordstrom branded full-line stores and online store at Nordstrom.com; Nordstrom Rack stores; Nordstromrack.com and HauteLook; Trunk Club clubhouses and TrunkClub.com; Jeffrey boutiques; and clearance stores that operate under the Last Chance name.

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Institutional Ownership by Quarter for Nordstrom (NYSE:JWN)

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