Ken Stern & Associates Inc. lessened its holdings in shares of Nordstrom, Inc. (NYSE:JWN) by 4.2% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,896 shares of the specialty retailer’s stock after selling 259 shares during the quarter. Ken Stern & Associates Inc.’s holdings in Nordstrom were worth $280,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of JWN. Parallel Advisors LLC boosted its position in Nordstrom by 12.7% during the first quarter. Parallel Advisors LLC now owns 2,099 shares of the specialty retailer’s stock worth $104,000 after purchasing an additional 236 shares during the period. Gemmer Asset Management LLC boosted its position in Nordstrom by 0.8% during 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 period. NEXT Financial Group Inc boosted its position in Nordstrom by 55.4% during the second quarter. NEXT Financial Group Inc now owns 2,642 shares of the specialty retailer’s stock worth $126,000 after purchasing an additional 942 shares during the period. Ameritas Investment Partners Inc. boosted its position in Nordstrom by 6,460.5% during the first quarter. Ameritas Investment Partners Inc. now owns 2,821 shares of the specialty retailer’s stock worth $131,000 after purchasing an additional 2,778 shares during the period. Finally, Sei Investments Co. boosted its position in 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 purchasing an additional 771 shares during the period. Hedge funds and other institutional investors own 63.71% of the company’s stock.

WARNING: “Ken Stern & Associates Inc. Cuts Holdings in Nordstrom, Inc. (JWN)” was originally posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this piece of content on another website, it was illegally copied and republished in violation of United States and international trademark & copyright law. The original version of this piece of content can be read at https://www.thecerbatgem.com/2017/09/17/ken-stern-associates-inc-cuts-holdings-in-nordstrom-inc-jwn.html.

A number of equities analysts have weighed in on the stock. Vetr lowered shares of Nordstrom from a “sell” rating to a “strong sell” rating and set a $41.54 target price for the company. in a research report on Wednesday, July 5th. Piper Jaffray Companies set a $42.00 target price on shares of Nordstrom and gave the stock a “hold” rating in a research report on Tuesday, July 25th. KeyCorp reiterated an “overweight” rating and set a $55.00 target price on shares of Nordstrom in a research report on Thursday. Royal Bank Of Canada set a $45.00 target price on shares of Nordstrom and gave the stock a “hold” rating in a research report on Monday, June 19th. Finally, J P Morgan Chase & Co reiterated an “underweight” rating and set a $48.00 target price on shares of Nordstrom in a research report on Friday, July 14th. Four research analysts have rated the stock with a sell rating, seventeen have given a hold rating and eight have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $48.26.

Nordstrom, Inc. (NYSE JWN) remained flat at $46.74 on Friday. The company had a trading volume of 3,005,112 shares. The company has a 50 day moving average price of $45.84 and a 200 day moving average price of $45.62. The firm has a market cap of $7.77 billion, a PE ratio of 22.14 and a beta of 0.82. Nordstrom, Inc. has a one year low of $39.53 and a one year high of $62.82.

Nordstrom (NYSE:JWN) last posted its earnings results on Thursday, August 10th. The specialty retailer reported $0.65 EPS for the quarter, beating analysts’ consensus estimates 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 company’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.67 EPS. On average, equities analysts predict that Nordstrom, Inc. will post $2.97 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 12th. Stockholders of record on Monday, August 28th were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Thursday, August 24th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.17%. Nordstrom’s dividend payout ratio 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.

Want to see what other hedge funds are holding JWN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nordstrom, Inc. (NYSE:JWN).

Institutional Ownership by Quarter for Nordstrom (NYSE:JWN)

Receive News & Stock Ratings for Nordstrom Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nordstrom Inc. and related stocks with our FREE daily email newsletter.