Janus Henderson Group PLC Has $14.84 Million Holdings in Nordstrom, Inc. (JWN)
Janus Henderson Group PLC raised its stake in Nordstrom, Inc. (NYSE:JWN) by 310.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 248,043 shares of the specialty retailer’s stock after buying an additional 187,609 shares during the quarter. Janus Henderson Group PLC owned 0.15% of Nordstrom worth $14,835,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently added to or reduced their stakes in the company. Worldquant Millennium Quantitative Strategies LLC acquired a new position in Nordstrom in the second quarter valued at about $24,713,000. Hodges Capital Management Inc. acquired a new position in Nordstrom in the third quarter valued at about $556,000. Russell Investments Group Ltd. lifted its stake in Nordstrom by 31.9% in the second quarter. Russell Investments Group Ltd. now owns 42,062 shares of the specialty retailer’s stock valued at $2,191,000 after buying an additional 10,184 shares during the period. Millennium Management LLC lifted its stake in Nordstrom by 199.1% in the second quarter. Millennium Management LLC now owns 945,422 shares of the specialty retailer’s stock valued at $48,954,000 after buying an additional 629,307 shares during the period. Finally, Zions Bancorporation acquired a new position in Nordstrom in the third quarter valued at about $171,000. 60.44% of the stock is currently owned by hedge funds and other institutional investors.
In related news, VP Robert Sari sold 8,795 shares of Nordstrom stock in a transaction that occurred on Wednesday, October 10th. The stock was sold at an average price of $62.50, for a total value of $549,687.50. Following the sale, the vice president now owns 14,960 shares of the company’s stock, valued at approximately $935,000. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Christine Deputy sold 11,534 shares of Nordstrom stock in a transaction that occurred on Monday, September 10th. The shares were sold at an average price of $65.87, for a total value of $759,744.58. Following the completion of the sale, the insider now directly owns 76,463 shares in the company, valued at approximately $5,036,617.81. The disclosure for this sale can be found here. In the last three months, insiders sold 200,604 shares of company stock worth $12,621,378. 7.05% of the stock is owned by insiders.
Shares of Nordstrom stock opened at $49.36 on Friday. Nordstrom, Inc. has a 52-week low of $44.68 and a 52-week high of $67.75. The company has a market capitalization of $8.54 billion, a P/E ratio of 16.68, a PEG ratio of 2.35 and a beta of 0.54. The company has a current ratio of 1.12, a quick ratio of 0.44 and a debt-to-equity ratio of 2.23.
Nordstrom (NYSE:JWN) last announced its earnings results on Thursday, November 15th. The specialty retailer reported $0.67 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.03. Nordstrom had a return on equity of 51.66% and a net margin of 2.92%. The business had revenue of $3.75 billion for the quarter, compared to analyst estimates of $3.68 billion. Research analysts forecast that Nordstrom, Inc. will post 3.6 earnings per share for the current year.
Nordstrom announced that its Board of Directors has initiated a share buyback plan on Wednesday, August 22nd that permits the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization permits the specialty retailer to buy up to 14.4% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its shares are undervalued.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 11th. Investors of record on Monday, November 26th will be given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 3.00%. The ex-dividend date of this dividend is Friday, November 23rd. Nordstrom’s dividend payout ratio is presently 50.00%.
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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