Nordstrom, Inc. (JWN) Shares Bought by Raymond James & Associates
Raymond James & Associates grew its holdings in Nordstrom, Inc. (NYSE:JWN) by 52.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 138,880 shares of the specialty retailer’s stock after buying an additional 47,736 shares during the quarter. Raymond James & Associates’ holdings in Nordstrom were worth $6,473,000 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 JWN. Oregon Public Employees Retirement Fund lifted its stake in shares of Nordstrom by 4,156.2% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,898,862 shares of the specialty retailer’s stock valued at $62,000 after purchasing an additional 2,830,753 shares during the period. We Are One Seven LLC purchased a new position in shares of Nordstrom in the 4th quarter valued at approximately $92,000. Quantamental Technologies LLC purchased a new position in shares of Nordstrom in the 4th quarter valued at approximately $97,000. Federated Investors Inc. PA lifted its stake in shares of Nordstrom by 22.4% in the 3rd quarter. Federated Investors Inc. PA now owns 1,639 shares of the specialty retailer’s stock valued at $98,000 after purchasing an additional 300 shares during the period. Finally, Captrust Financial Advisors lifted its stake in shares of Nordstrom by 426.1% in the 3rd quarter. Captrust Financial Advisors now owns 2,099 shares of the specialty retailer’s stock valued at $126,000 after purchasing an additional 1,700 shares during the period. Institutional investors and hedge funds own 60.50% of the company’s stock.
A number of research firms have recently commented on JWN. Piper Jaffray Companies lowered their target price on Nordstrom to $43.00 and set a “neutral” rating for the company in a research note on Wednesday, January 16th. Credit Suisse Group lowered their target price on Nordstrom from $55.00 to $50.00 and set a “positive” rating for the company in a research note on Wednesday, January 16th. Zacks Investment Research upgraded Nordstrom from a “hold” rating to a “buy” rating and set a $57.00 target price for the company in a research note on Friday, December 7th. Gordon Haskett upgraded Nordstrom from a “reduce” rating to a “hold” rating in a research note on Monday, November 19th. Finally, Nomura lowered their target price on Nordstrom from $57.00 to $55.00 and set a “neutral” rating for the company in a research note on Friday, November 16th. Three research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have issued a buy rating to the stock. Nordstrom presently has a consensus rating of “Hold” and an average price target of $52.79.
JWN stock opened at $44.46 on Friday. Nordstrom, Inc. has a twelve month low of $43.04 and a twelve month high of $67.75. The company has a debt-to-equity ratio of 3.07, a current ratio of 1.00 and a quick ratio of 0.41. The company has a market cap of $7.44 billion, a P/E ratio of 12.52, a P/E/G ratio of 1.97 and a beta of 0.54.
Nordstrom (NYSE:JWN) last posted its quarterly earnings data on Thursday, February 28th. The specialty retailer reported $1.48 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.42 by $0.06. Nordstrom had a return on equity of 57.14% and a net margin of 3.56%. During the same quarter last year, the firm posted $1.20 earnings per share. Equities research analysts forecast that Nordstrom, Inc. will post 3.76 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 26th. Investors of record on Monday, March 11th will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 3.33%. The ex-dividend date is Friday, March 8th. Nordstrom’s dividend payout ratio (DPR) is presently 41.69%.
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Nordstrom Company Profile
Nordstrom, Inc, a fashion retailer, provides apparel, shoes, cosmetics, and accessories for women, men, young adults, and children. 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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