Commonwealth of Pennsylvania Public School Empls Retrmt SYS lowered its position in shares of Nordstrom, Inc. (NYSE:JWN) by 2.2% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,266 shares of the specialty retailer’s stock after selling 183 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Nordstrom were worth $395,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Parallel Advisors LLC boosted its position in Nordstrom by 12.7% during the 1st quarter. Parallel Advisors LLC now owns 2,099 shares of the specialty retailer’s stock valued at $104,000 after buying an additional 236 shares during the period. Gemmer Asset Management LLC boosted its position in Nordstrom by 0.8% during the 2nd quarter. Gemmer Asset Management LLC now owns 2,270 shares of the specialty retailer’s stock valued at $109,000 after buying an additional 18 shares during the period. NEXT Financial Group Inc boosted its position in Nordstrom by 55.4% during the 2nd quarter. NEXT Financial Group Inc now owns 2,642 shares of the specialty retailer’s stock valued at $126,000 after buying an additional 942 shares during the period. Ameritas Investment Partners Inc. boosted its position in Nordstrom by 6,460.5% during the 1st quarter. Ameritas Investment Partners Inc. now owns 2,821 shares of the specialty retailer’s stock valued at $131,000 after buying an additional 2,778 shares during the period. Finally, Sei Investments Co. boosted its position in Nordstrom by 32.0% during the 2nd quarter. Sei Investments Co. now owns 3,177 shares of the specialty retailer’s stock valued at $152,000 after buying an additional 771 shares during the period. 63.14% of the stock is owned by institutional investors and hedge funds.

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Shares of Nordstrom, Inc. (NYSE:JWN) opened at 46.88 on Friday. Nordstrom, Inc. has a 1-year low of $39.53 and a 1-year high of $62.82. The firm’s 50-day moving average is $45.72 and its 200-day moving average is $45.61. The company has a market capitalization of $7.79 billion, a price-to-earnings ratio of 22.21 and a beta of 0.82.

Nordstrom (NYSE:JWN) last announced its earnings results on Thursday, August 10th. The specialty retailer reported $0.65 EPS for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.03. The business had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.70 billion. Nordstrom had a net margin of 2.44% and a return on equity of 71.57%. The firm’s revenue was up 3.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.67 earnings per share. Analysts forecast that Nordstrom, Inc. will post $2.98 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 12th. Shareholders of record on Monday, August 28th were issued a $0.37 dividend. The ex-dividend date was Thursday, August 24th. This represents a $1.48 dividend on an annualized basis and a yield of 3.16%. Nordstrom’s dividend payout ratio is presently 70.14%.

Several equities research analysts have weighed in on JWN shares. ValuEngine cut shares of Nordstrom from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. William Blair reissued an “outperform” rating on shares of Nordstrom in a research report on Tuesday, September 12th. Royal Bank Of Canada set a $45.00 price target on shares of Nordstrom and gave the company a “hold” rating in a research report on Tuesday, August 29th. Vetr cut shares of Nordstrom from a “buy” rating to a “hold” rating and set a $43.99 price target for the company. in a research report on Monday, June 5th. Finally, Cowen and Company reissued an “outperform” rating and set a $49.00 price target on shares of Nordstrom in a research report on Friday, June 9th. Four equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eight have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $48.26.

Nordstrom Profile

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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