Nordstrom, Inc. (JWN) Shares Sold by Commerzbank Aktiengesellschaft FI
Commerzbank Aktiengesellschaft FI cut its stake in Nordstrom, Inc. (NYSE:JWN) by 69.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,525 shares of the specialty retailer’s stock after selling 14,624 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Nordstrom were worth $312,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Gemmer Asset Management LLC grew its holdings in shares of Nordstrom by 0.8% in the second quarter. Gemmer Asset Management LLC now owns 2,270 shares of the specialty retailer’s stock worth $109,000 after purchasing an additional 18 shares during the last quarter. Global X Management Co. LLC grew its holdings in shares of Nordstrom by 0.9% in the second quarter. Global X Management Co. LLC now owns 6,587 shares of the specialty retailer’s stock worth $315,000 after purchasing an additional 59 shares during the last quarter. Mosaic Family Wealth LLC grew its holdings 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 purchasing an additional 109 shares during the last quarter. FineMark National Bank & Trust grew its holdings in shares of Nordstrom by 2.1% in the second quarter. FineMark National Bank & Trust now owns 6,156 shares of the specialty retailer’s stock worth $294,000 after purchasing an additional 128 shares during the last quarter. Finally, State of Alaska Department of Revenue grew its holdings 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 purchasing an additional 140 shares during the last quarter. Hedge funds and other institutional investors own 63.71% of the company’s stock.
Nordstrom, Inc. (JWN) opened at 44.72 on Tuesday. The stock has a market capitalization of $7.43 billion, a price-to-earnings ratio of 21.18 and a beta of 0.82. Nordstrom, Inc. has a 12 month low of $39.53 and a 12 month high of $62.82. The company has a 50 day moving average of $46.03 and a 200 day moving average of $45.62.
Nordstrom (NYSE:JWN) last announced its quarterly earnings results on Thursday, August 10th. The specialty retailer reported $0.65 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.03. The firm had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.70 billion. Nordstrom had a return on equity of 71.57% and a net margin of 2.44%. The firm’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.67 earnings per share. On average, equities analysts predict that Nordstrom, Inc. will post $2.97 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 12th. Investors of record on Monday, August 28th will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date is Thursday, August 24th. Nordstrom’s dividend payout ratio (DPR) is 70.14%.
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A number of research analysts have recently commented on the stock. Vetr cut shares of Nordstrom from a “sell” rating to a “strong sell” rating and set a $41.54 price target on the stock. in a report on Wednesday, July 5th. Piper Jaffray Companies set a $42.00 price target on shares of Nordstrom and gave the stock a “hold” rating in a report on Tuesday, July 25th. 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 Monday, June 19th. J P Morgan Chase & Co restated an “underweight” rating and issued a $48.00 price target on shares of Nordstrom in a report on Friday, July 14th. Finally, Credit Suisse Group reiterated a “neutral” rating and set a $52.00 target price on shares of Nordstrom in a report on Monday, June 12th. Four research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eight have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $48.10.
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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