Commerzbank Aktiengesellschaft FI grew its stake in shares of Nordstrom, Inc. (NYSE:JWN) by 104.1% in the third quarter, according to its most recent filing with the SEC. The fund owned 13,315 shares of the specialty retailer’s stock after acquiring an additional 6,790 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Nordstrom were worth $628,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Dimensional Fund Advisors LP lifted its position in shares of Nordstrom by 2.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 701,770 shares of the specialty retailer’s stock valued at $33,090,000 after acquiring an additional 15,953 shares during the last quarter. Tiedemann Wealth Management LLC lifted its position in shares of Nordstrom by 15.4% during the 3rd quarter. Tiedemann Wealth Management LLC now owns 10,600 shares of the specialty retailer’s stock valued at $219,000 after acquiring an additional 1,418 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its position in shares of Nordstrom by 26.8% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 797,763 shares of the specialty retailer’s stock valued at $37,615,000 after acquiring an additional 168,724 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its position in shares of Nordstrom by 12.3% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 289,574 shares of the specialty retailer’s stock valued at $13,653,000 after acquiring an additional 31,764 shares during the last quarter. Finally, Commonwealth Bank of Australia lifted its position in shares of Nordstrom by 5.2% during the 3rd quarter. Commonwealth Bank of Australia now owns 46,169 shares of the specialty retailer’s stock valued at $2,171,000 after acquiring an additional 2,289 shares during the last quarter. Institutional investors own 57.74% of the company’s stock.

Several analysts have issued reports on the stock. Royal Bank Of Canada set a $45.00 target price on shares of Nordstrom and gave the company a “hold” rating in a research note on Tuesday, August 29th. UBS cut their target price on shares of Nordstrom from $46.00 to $43.00 and set a “neutral” rating on the stock in a research note on Friday, November 10th. ValuEngine downgraded shares of Nordstrom from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Robert W. Baird reissued a “hold” rating and set a $50.00 target price on shares of Nordstrom in a research note on Wednesday, November 1st. Finally, Cowen reissued an “outperform” rating and set a $49.00 target price on shares of Nordstrom in a research note on Tuesday, August 29th. Five research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $45.33.

Shares of Nordstrom, Inc. (NYSE:JWN) opened at $45.78 on Friday. The stock has a market cap of $7,626.12, a price-to-earnings ratio of 14.67, a P/E/G ratio of 2.59 and a beta of 0.90. Nordstrom, Inc. has a fifty-two week low of $37.79 and a fifty-two week high of $61.77. The company has a quick ratio of 0.30, a current ratio of 1.00 and a debt-to-equity ratio of 3.14.

Nordstrom (NYSE:JWN) last issued its quarterly earnings data on Thursday, November 9th. The specialty retailer reported $0.67 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.04. The firm had revenue of $3.54 billion during the quarter, compared to analysts’ expectations of $3.50 billion. Nordstrom had a net margin of 3.25% and a return on equity of 67.44%. Nordstrom’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.84 earnings per share. analysts anticipate that Nordstrom, Inc. will post 2.95 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 12th. Investors of record on Monday, November 27th will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date of this dividend is Friday, November 24th. Nordstrom’s dividend payout ratio is presently 52.11%.

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About Nordstrom

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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Institutional Ownership by Quarter for Nordstrom (NYSE:JWN)

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