Macquarie Group Ltd. Has $273,000 Holdings in Nordstrom, Inc. (JWN)
Macquarie Group Ltd. grew its position in shares of Nordstrom, Inc. (NYSE:JWN) by 65.8% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,797 shares of the specialty retailer’s stock after buying an additional 2,300 shares during the quarter. Macquarie Group Ltd.’s holdings in Nordstrom were worth $273,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently made changes to their positions in JWN. Sei Investments Co. raised 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 worth $152,000 after buying an additional 771 shares during the last quarter. Mosaic Family Wealth LLC raised its position in Nordstrom by 8.2% during the 2nd quarter. Mosaic Family Wealth LLC now owns 3,195 shares of the specialty retailer’s stock worth $153,000 after buying an additional 242 shares during the last quarter. Advisory Services Network LLC raised its position in Nordstrom by 41.8% during the 2nd quarter. Advisory Services Network LLC now owns 3,452 shares of the specialty retailer’s stock worth $165,000 after buying an additional 1,018 shares during the last quarter. Thrivent Financial For Lutherans purchased a new position in Nordstrom during the 2nd quarter worth $202,000. Finally, Nordea Investment Management AB raised its position in Nordstrom by 7.2% during the 2nd quarter. Nordea Investment Management AB now owns 4,264 shares of the specialty retailer’s stock worth $204,000 after buying an additional 287 shares during the last quarter. Institutional investors own 57.58% of the company’s stock.
A number of equities analysts have recently issued reports on the stock. KeyCorp set a $55.00 price target on shares of Nordstrom and gave the company a “buy” rating in a report on Wednesday, October 11th. Robert W. Baird reiterated a “hold” rating and issued a $50.00 price target on shares of Nordstrom in a report on Wednesday, November 1st. ValuEngine downgraded shares of Nordstrom from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Royal Bank of Canada reiterated a “hold” rating and issued a $45.00 price target on shares of Nordstrom in a report on Thursday, October 5th. Finally, Cowen reiterated a “buy” rating and issued a $50.00 price target on shares of Nordstrom in a report on Friday, November 10th. Five equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and seven have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $45.33.
Shares of Nordstrom, Inc. (NYSE JWN) opened at $46.63 on Tuesday. The company has a market cap of $7,574.50, a PE ratio of 14.57, a P/E/G ratio of 2.57 and a beta of 0.90. Nordstrom, Inc. has a 12 month low of $37.79 and a 12 month high of $52.13. 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 EPS for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.04. The firm had revenue of $3.54 billion for 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%. The firm’s revenue was up 2.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.84 EPS. equities analysts anticipate that Nordstrom, Inc. will post 2.95 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 12th. Investors of record on Monday, November 27th were paid a $0.37 dividend. The ex-dividend date of this dividend was Friday, November 24th. This represents a $1.48 dividend on an annualized basis and a yield of 3.17%. Nordstrom’s payout ratio is 52.11%.
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Nordstrom Company 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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