Shell Asset Management Co. maintained its position in shares of Nordstrom, Inc. (NYSE:JWN) during the second quarter, Holdings Channel reports. The institutional investor owned 7,550 shares of the specialty retailer’s stock at the end of the second quarter. Shell Asset Management Co.’s holdings in Nordstrom were worth $361,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in JWN. Gemmer Asset Management LLC raised 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 worth $105,000 after buying an additional 18 shares during the last quarter. Mosaic Family Wealth LLC raised its position in shares of Nordstrom by 3.8% in the first quarter. Mosaic Family Wealth LLC now owns 2,953 shares of the specialty retailer’s stock worth $138,000 after buying an additional 109 shares during the last quarter. State of Alaska Department of Revenue raised its position in shares of 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 worth $455,000 after buying an additional 140 shares during the last quarter. Ken Stern & Associates Inc. raised its position in shares of Nordstrom by 2.7% in the first quarter. Ken Stern & Associates Inc. now owns 6,155 shares of the specialty retailer’s stock worth $297,000 after buying an additional 159 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. raised its position in shares of Nordstrom by 5.5% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,467 shares of the specialty retailer’s stock worth $151,000 after buying an additional 180 shares during the last quarter. 66.53% of the stock is owned by institutional investors.

Nordstrom, Inc. (JWN) opened at 44.66 on Wednesday. Nordstrom, Inc. has a 12-month low of $39.53 and a 12-month high of $62.82. The firm’s 50-day moving average price is $47.15 and its 200 day moving average price is $45.54. The stock has a market capitalization of $7.42 billion, a P/E ratio of 21.16 and a beta of 0.83.

Nordstrom (NYSE:JWN) last released its quarterly earnings results on Thursday, August 10th. The specialty retailer reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.03. Nordstrom had a return on equity of 71.57% and a net margin of 2.44%. The company had revenue of $3.72 billion for the quarter, compared to analysts’ expectations of $3.70 billion. During the same period in the prior year, the firm earned $0.67 earnings per share. The firm’s revenue was up 3.5% compared to the same quarter last year. On average, equities analysts anticipate that Nordstrom, Inc. will post $2.97 EPS for the current year.

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A number of equities analysts recently commented on the company. Robert W. Baird set a $50.00 price target 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. 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. UBS AG reaffirmed a “buy” rating and issued 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 analysts have rated the stock with a sell rating, seventeen have given a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $48.10.

About Nordstrom

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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Institutional Ownership by Quarter for Nordstrom (NYSE:JWN)

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