Stonebridge Capital Advisors LLC lifted its position in Nordstrom, Inc. (NYSE:JWN) by 8.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 78,633 shares of the specialty retailer’s stock after buying an additional 6,392 shares during the period. Stonebridge Capital Advisors LLC’s holdings in Nordstrom were worth $3,726,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. San Francisco Sentry Investment Group CA raised its stake in shares of Nordstrom by 1,752.0% in the 3rd quarter. San Francisco Sentry Investment Group CA now owns 2,315 shares of the specialty retailer’s stock worth $109,000 after buying an additional 2,190 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new stake in shares of Nordstrom in the 4th quarter worth $115,000. Cerebellum GP LLC bought a new stake in shares of Nordstrom in the 4th quarter worth $131,000. Calton & Associates Inc. bought a new stake in shares of Nordstrom in the 4th quarter worth $153,000. Finally, Tiedemann Wealth Management LLC raised its stake in shares of Nordstrom by 15.4% in the 3rd quarter. Tiedemann Wealth Management LLC now owns 10,600 shares of the specialty retailer’s stock worth $219,000 after buying an additional 1,418 shares in the last quarter. 58.75% of the stock is currently owned by institutional investors.
Shares of Nordstrom stock opened at $49.32 on Monday. The stock has a market capitalization of $8,236.44, a price-to-earnings ratio of 19.12, a PEG ratio of 2.40 and a beta of 0.81. The company has a current ratio of 1.07, a quick ratio of 0.45 and a debt-to-equity ratio of 2.74. Nordstrom, Inc. has a 52-week low of $37.79 and a 52-week high of $54.00.
Nordstrom (NYSE:JWN) last issued its quarterly earnings results on Thursday, March 1st. The specialty retailer reported $1.20 earnings per share for the quarter, missing analysts’ consensus estimates of $1.24 by ($0.04). Nordstrom had a net margin of 2.86% and a return on equity of 60.72%. The business had revenue of $4.60 billion for the quarter, compared to analysts’ expectations of $4.57 billion. During the same quarter in the prior year, the firm posted $1.27 EPS. The business’s quarterly revenue was up 8.4% compared to the same quarter last year. research analysts anticipate that Nordstrom, Inc. will post 3.42 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 20th. Stockholders of record on Monday, March 5th will be issued a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, March 2nd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.00%. Nordstrom’s dividend payout ratio is 57.36%.
A number of analysts have recently commented on the company. Credit Suisse Group assumed coverage on Nordstrom in a research note on Monday, March 12th. They issued a “neutral” rating and a $54.00 price objective on the stock. TheStreet raised Nordstrom from a “c+” rating to a “b-” rating in a research note on Friday, March 2nd. BMO Capital Markets boosted their price objective on Nordstrom from $50.00 to $55.00 and gave the stock a “market perform” rating in a research note on Monday, March 5th. Robert W. Baird reissued a “neutral” rating on shares of Nordstrom in a research note on Friday, March 2nd. Finally, Royal Bank of Canada set a $49.00 price objective on Nordstrom and gave the stock a “hold” rating in a research note on Friday, March 2nd. Two investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $48.92.
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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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