Public Employees Retirement Association of Colorado Has $1.16 Million Position in Nordstrom, Inc. (NYSE:JWN)
Public Employees Retirement Association of Colorado cut its stake in shares of Nordstrom, Inc. (NYSE:JWN) by 0.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 24,337 shares of the specialty retailer’s stock after selling 232 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Nordstrom were worth $1,164,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in JWN. Parallel Advisors LLC increased its position in shares of Nordstrom by 12.7% in the first 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 last quarter. Gemmer Asset Management LLC increased its position in shares of Nordstrom by 0.8% in the first quarter. Gemmer Asset Management LLC now owns 2,252 shares of the specialty retailer’s stock valued at $105,000 after buying an additional 18 shares during the last quarter. Ledyard National Bank increased its position in shares of Nordstrom by 291.1% in the first quarter. Ledyard National Bank now owns 2,362 shares of the specialty retailer’s stock valued at $110,000 after buying an additional 1,758 shares during the last quarter. Advisory Services Network LLC purchased a new position in shares of Nordstrom during the first quarter valued at $113,000. Finally, NEXT Financial Group Inc increased its position in shares of Nordstrom by 55.4% in the second 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 last quarter. 66.53% of the stock is owned by hedge funds and other institutional investors.
Nordstrom, Inc. (NYSE JWN) opened at 45.36 on Tuesday. Nordstrom, Inc. has a 12-month low of $39.53 and a 12-month high of $62.82. The stock has a market cap of $7.54 billion, a PE ratio of 21.49 and a beta of 0.83. The firm has a 50-day moving average price of $47.24 and a 200-day moving average price of $45.53.
Nordstrom (NYSE:JWN) last issued its quarterly earnings data on Thursday, August 10th. The specialty retailer reported $0.65 EPS for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.03. The business had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.70 billion. Nordstrom had a return on equity of 71.19% and a net margin of 2.44%. The firm’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.67 EPS. Analysts forecast that Nordstrom, Inc. will post $2.97 EPS for the current fiscal year.
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Several research analysts recently weighed in on the stock. Citigroup Inc. cut their target price on shares of Nordstrom from $50.00 to $46.00 and set a “neutral” rating for the company in a research note on Friday, May 12th. Zacks Investment Research downgraded shares of Nordstrom from a “hold” rating to a “sell” rating in a research note on Wednesday, April 26th. Cowen and Company reaffirmed an “outperform” rating and set a $49.00 price objective on shares of Nordstrom in a research note on Friday, June 9th. Northcoast Research reaffirmed a “neutral” rating on shares of Nordstrom in a research note on Tuesday, May 16th. Finally, Maxim Group set a $61.00 price objective on shares of Nordstrom and gave the company a “buy” rating in a research note on Thursday, May 4th. Five research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eight have given a buy rating to the company’s stock. Nordstrom presently has a consensus rating of “Hold” and a consensus target price of $47.64.
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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