Nordstrom, Inc. (JWN) Shares Sold by Evergreen Capital Management LLC
Evergreen Capital Management LLC decreased its stake in shares of Nordstrom, Inc. (NYSE:JWN) by 45.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 85,342 shares of the specialty retailer’s stock after selling 72,311 shares during the period. Evergreen Capital Management LLC owned 0.05% of Nordstrom worth $4,082,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of JWN. Gemmer Asset Management LLC raised its stake in Nordstrom by 0.8% in the second 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 in the last quarter. Global X Management Co. LLC raised its stake in Nordstrom by 0.9% in the second quarter. Global X Management Co. LLC now owns 6,587 shares of the specialty retailer’s stock valued at $315,000 after buying an additional 59 shares in the last quarter. Mosaic Family Wealth LLC raised its stake in Nordstrom by 3.8% in the first quarter. Mosaic Family Wealth LLC now owns 2,953 shares of the specialty retailer’s stock valued at $138,000 after buying an additional 109 shares in the last quarter. FineMark National Bank & Trust raised its stake in Nordstrom by 2.1% in the second quarter. FineMark National Bank & Trust now owns 6,156 shares of the specialty retailer’s stock valued at $294,000 after buying an additional 128 shares in the last quarter. Finally, State of Alaska Department of Revenue raised its stake in Nordstrom by 1.5% in the second quarter. State of Alaska Department of Revenue now owns 9,520 shares of the specialty retailer’s stock valued at $455,000 after buying an additional 140 shares in the last quarter. 63.69% of the stock is owned by institutional investors.
Shares of Nordstrom, Inc. (JWN) opened at 45.06 on Tuesday. The company has a 50 day moving average price of $46.42 and a 200 day moving average price of $45.56. The company has a market capitalization of $7.49 billion, a PE ratio of 21.35 and a beta of 0.83. Nordstrom, Inc. has a 1-year low of $39.53 and a 1-year high of $62.82.
Nordstrom (NYSE:JWN) last released its quarterly earnings results on Thursday, August 10th. The specialty retailer reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.03. The business had revenue of $3.72 billion for 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 business’s revenue was up 3.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.67 EPS. Equities analysts predict that Nordstrom, Inc. will post $2.97 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 12th. Stockholders of record on Monday, August 28th will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.28%. The ex-dividend date of this dividend is Thursday, August 24th. Nordstrom’s dividend payout ratio (DPR) is 70.14%.
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Several equities research analysts recently issued reports on the company. Piper Jaffray Companies set a $42.00 price objective on Nordstrom and gave the company a “hold” rating in a research note on Saturday, May 13th. BMO Capital Markets set a $48.00 price objective on Nordstrom and gave the company a “hold” rating in a research note on Saturday, May 13th. Robert W. Baird set a $50.00 price objective on Nordstrom and gave the company a “hold” rating in a research note on Saturday, May 13th. UBS AG reissued a “buy” rating and set a $51.00 price objective on shares of Nordstrom in a research note on Monday, May 15th. Finally, Vetr lowered Nordstrom from a “sell” rating to a “strong sell” rating and set a $41.54 price objective for the company. in a research note on Wednesday, July 5th. Four research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $48.10.
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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