Rodgers Brothers Inc. Decreases Holdings in Nordstrom, Inc. (JWN)
Rodgers Brothers Inc. lessened its stake in shares of Nordstrom, Inc. (NYSE:JWN) by 17.7% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 16,175 shares of the specialty retailer’s stock after selling 3,475 shares during the quarter. Rodgers Brothers Inc.’s holdings in Nordstrom were worth $763,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Sei Investments Co. grew its stake in shares of Nordstrom by 32.0% during the second 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 lifted its holdings in shares of Nordstrom by 8.2% during the second quarter. Mosaic Family Wealth LLC now owns 3,195 shares of the specialty retailer’s stock worth $153,000 after purchasing an additional 242 shares during the period. James Investment Research Inc. acquired a new position in shares of Nordstrom during the second quarter worth $156,000. Advisory Services Network LLC lifted its holdings in shares of Nordstrom by 41.8% during the second quarter. Advisory Services Network LLC now owns 3,452 shares of the specialty retailer’s stock worth $165,000 after purchasing an additional 1,018 shares during the period. Finally, Thrivent Financial For Lutherans acquired a new position in shares of Nordstrom during the second quarter worth $202,000. 60.69% of the stock is currently owned by hedge funds and other institutional investors.
Nordstrom, Inc. (NYSE JWN) traded down $0.14 during trading hours on Wednesday, hitting $41.30. 1,458,900 shares of the stock traded hands, compared to its average volume of 2,903,230. The company has a current ratio of 1.00, a quick ratio of 0.30 and a debt-to-equity ratio of 3.14. The company has a market capitalization of $6,903.90, a P/E ratio of 13.28, a PEG ratio of 2.34 and a beta of 0.84. Nordstrom, Inc. has a one year low of $37.79 and a one year high of $61.85.
Nordstrom (NYSE:JWN) last posted its earnings results on Thursday, November 9th. The specialty retailer reported $0.67 EPS for the quarter, topping the consensus estimate of $0.63 by $0.04. The company had revenue of $3.54 billion during the quarter, compared to the consensus estimate of $3.50 billion. Nordstrom had a net margin of 3.25% and a return on equity of 67.44%. The firm’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.84 earnings per share. equities research analysts predict that Nordstrom, Inc. will post 2.95 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Monday, November 27th will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 3.58%. The ex-dividend date of this dividend is Friday, November 24th. Nordstrom’s payout ratio is presently 52.11%.
A number of equities analysts have recently commented on the stock. Royal Bank Of Canada set a $45.00 price target on shares of Nordstrom and gave the stock a “hold” rating in a report on Tuesday, August 29th. UBS AG cut their price target on shares of Nordstrom from $46.00 to $43.00 and set a “neutral” rating on the stock in a report on Friday, November 10th. ValuEngine lowered shares of Nordstrom from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Robert W. Baird reiterated a “hold” rating and set a $50.00 price target on shares of Nordstrom in a report on Wednesday, November 1st. Finally, Cowen and Company reiterated an “outperform” rating and set a $49.00 price target on shares of Nordstrom in a report on Tuesday, August 29th. Five equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and seven have given a buy rating to the company. Nordstrom presently has an average rating of “Hold” and an average target price of $45.33.
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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