Willis Investment Counsel Has $6,902,000 Holdings in Nordstrom, Inc. (JWN)
Willis Investment Counsel held its stake in shares of Nordstrom, Inc. (NYSE:JWN) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 144,300 shares of the specialty retailer’s stock at the close of the 2nd quarter. Willis Investment Counsel owned approximately 0.09% of Nordstrom worth $6,902,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also modified their holdings of the company. Parallel Advisors LLC raised its stake in Nordstrom by 12.7% during the 1st quarter. Parallel Advisors LLC now owns 2,099 shares of the specialty retailer’s stock worth $104,000 after buying an additional 236 shares during the period. Gemmer Asset Management LLC raised its stake in Nordstrom by 0.8% during the 2nd quarter. Gemmer Asset Management LLC now owns 2,270 shares of the specialty retailer’s stock worth $109,000 after buying an additional 18 shares during the period. NEXT Financial Group Inc raised its stake in Nordstrom by 55.4% during the 2nd quarter. NEXT Financial Group Inc now owns 2,642 shares of the specialty retailer’s stock worth $126,000 after buying an additional 942 shares during the period. Ameritas Investment Partners Inc. raised its stake in Nordstrom by 6,460.5% during the 1st quarter. Ameritas Investment Partners Inc. now owns 2,821 shares of the specialty retailer’s stock worth $131,000 after buying an additional 2,778 shares during the period. Finally, Sei Investments Co. raised its stake in Nordstrom by 32.0% during the 2nd quarter. Sei Investments Co. now owns 3,177 shares of the specialty retailer’s stock worth $152,000 after buying an additional 771 shares during the period. 63.14% of the stock is currently owned by institutional investors and hedge funds.
WARNING: This report was posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this report on another website, it was stolen and republished in violation of international copyright and trademark legislation. The correct version of this report can be accessed at https://www.thecerbatgem.com/2017/09/22/willis-investment-counsel-has-6902000-holdings-in-nordstrom-inc-jwn.html.
Several analysts recently commented on the company. UBS AG downgraded Nordstrom from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $51.00 to $46.00 in a research note on Friday, June 9th. Wolfe Research raised their price objective on Nordstrom from $45.00 to $47.00 and gave the stock an “outperform” rating in a research note on Friday, August 11th. KeyCorp reaffirmed an “overweight” rating and set a $55.00 price objective on shares of Nordstrom in a research note on Monday, August 14th. BidaskClub downgraded Nordstrom from a “buy” rating to a “hold” rating in a research note on Saturday, August 12th. Finally, Credit Suisse Group reaffirmed a “buy” rating and set a $52.00 price objective on shares of Nordstrom in a research note on Thursday, August 10th. Four analysts have rated the stock with a sell rating, seventeen have given a hold rating and eight have given a buy rating to the company. Nordstrom has an average rating of “Hold” and a consensus price target of $48.26.
Nordstrom, Inc. (NYSE JWN) traded up 0.84% during trading on Friday, reaching $46.67. The company had a trading volume of 430,594 shares. The company has a market capitalization of $7.76 billion, a price-to-earnings ratio of 22.11 and a beta of 0.82. Nordstrom, Inc. has a one year low of $39.53 and a one year high of $62.82. The company has a 50-day moving average price of $45.72 and a 200 day moving average price of $45.61.
Nordstrom (NYSE:JWN) last posted its quarterly earnings data on Thursday, August 10th. The specialty retailer reported $0.65 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.03. The firm had revenue of $3.72 billion during the quarter, compared to analyst estimates of $3.70 billion. Nordstrom had a net margin of 2.44% and a return on equity of 71.57%. The company’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter last year, the business posted $0.67 EPS. Analysts expect that Nordstrom, Inc. will post $2.98 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 12th. Shareholders of record on Monday, August 28th were paid a $0.37 dividend. The ex-dividend date was Thursday, August 24th. This represents a $1.48 annualized dividend and a yield of 3.20%. Nordstrom’s dividend payout ratio (DPR) is 70.14%.
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).
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.