Schroder Investment Management Group lifted its holdings in shares of Nordstrom, Inc. (NYSE:JWN) by 4.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 555,542 shares of the specialty retailer’s stock after buying an additional 23,129 shares during the quarter. Schroder Investment Management Group owned about 0.33% of Nordstrom worth $26,421,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the company. Bank of New York Mellon Corp grew its position in shares of Nordstrom by 37.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 10,882,305 shares of the specialty retailer’s stock worth $520,501,000 after buying an additional 2,985,551 shares during the period. BlackRock Inc. grew its position in shares of Nordstrom by 2,321.7% during the 1st quarter. BlackRock Inc. now owns 8,021,009 shares of the specialty retailer’s stock worth $373,537,000 after buying an additional 7,689,800 shares during the period. State Street Corp grew its position in shares of Nordstrom by 2.6% during the 1st quarter. State Street Corp now owns 6,330,520 shares of the specialty retailer’s stock worth $294,822,000 after buying an additional 160,947 shares during the period. Morgan Stanley grew its position in shares of Nordstrom by 9.8% during the 1st quarter. Morgan Stanley now owns 3,495,790 shares of the specialty retailer’s stock worth $162,799,000 after buying an additional 311,529 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ grew its position in shares of Nordstrom by 32.2% during the 1st quarter. Skandinaviska Enskilda Banken AB publ now owns 3,354,037 shares of the specialty retailer’s stock worth $156,198,000 after buying an additional 816,498 shares during the period. Institutional investors own 63.71% of the company’s stock.

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Several equities research analysts have recently commented on the stock. UBS AG reiterated a “buy” rating and set a $51.00 price target on shares of Nordstrom in a research report on Monday, May 15th. Wolfe Research lifted their price target on shares of Nordstrom from $45.00 to $47.00 and gave the stock an “outperform” rating in a research report on Friday, August 11th. KeyCorp reiterated an “overweight” rating and set a $55.00 price target on shares of Nordstrom in a research report on Monday, August 14th. BidaskClub cut shares of Nordstrom from a “buy” rating to a “hold” rating in a research report on Saturday, August 12th. Finally, Credit Suisse Group reiterated a “buy” rating and set a $52.00 price target on shares of Nordstrom in a research report on Thursday, August 10th. Four analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $48.10.

Nordstrom, Inc. (JWN) opened at 44.72 on Tuesday. Nordstrom, Inc. has a 1-year low of $39.53 and a 1-year high of $62.82. The firm has a market capitalization of $7.43 billion, a P/E ratio of 21.18 and a beta of 0.82. 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 data on Thursday, August 10th. The specialty retailer reported $0.65 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $3.70 billion. During the same quarter last year, the firm posted $0.67 EPS. The firm’s revenue for the quarter was up 3.5% on a year-over-year basis. On average, equities research analysts anticipate that Nordstrom, Inc. will post $2.97 earnings per share for the current year.

The company also recently disclosed 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 annualized dividend and a yield of 3.31%. The ex-dividend date of this dividend is Thursday, August 24th. Nordstrom’s dividend payout ratio (DPR) is currently 70.14%.

Nordstrom 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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Institutional Ownership by Quarter for Nordstrom (NYSE:JWN)

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