8,680 Shares in Nordstrom, Inc. (JWN) Acquired by Crossmark Global Holdings Inc.
Crossmark Global Holdings Inc. bought a new stake in Nordstrom, Inc. (NYSE:JWN) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 8,680 shares of the specialty retailer’s stock, valued at approximately $409,000.
A number of other institutional investors also recently made changes to their positions in the stock. Bank of New York Mellon Corp lifted its position in Nordstrom by 37.8% during the second 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 in the last quarter. BlackRock Inc. lifted its position in Nordstrom by 1.9% during the second quarter. BlackRock Inc. now owns 8,171,548 shares of the specialty retailer’s stock worth $390,843,000 after buying an additional 150,539 shares in the last quarter. Principal Financial Group Inc. lifted its position in Nordstrom by 168.7% during the second quarter. Principal Financial Group Inc. now owns 1,831,138 shares of the specialty retailer’s stock worth $87,584,000 after buying an additional 1,149,685 shares in the last quarter. York Capital Management Global Advisors LLC purchased a new position in Nordstrom during the second quarter worth approximately $75,623,000. Finally, APG Asset Management N.V. lifted its position in Nordstrom by 6.8% during the third quarter. APG Asset Management N.V. now owns 1,519,455 shares of the specialty retailer’s stock worth $71,642,000 after buying an additional 97,000 shares in the last quarter. Hedge funds and other institutional investors own 60.69% of the company’s stock.
A number of brokerages recently commented on JWN. KeyCorp reiterated an “overweight” rating and set a $55.00 price objective on shares of Nordstrom in a research report on Thursday, September 14th. Credit Suisse Group reiterated a “buy” rating and set a $52.00 price objective on shares of Nordstrom in a research report on Thursday, August 10th. Zacks Investment Research upgraded Nordstrom from a “hold” rating to a “buy” rating and set a $53.00 price objective on the stock in a research report on Thursday, August 10th. ValuEngine downgraded Nordstrom from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, Cowen and Company reiterated an “outperform” rating and set a $49.00 price objective on shares of Nordstrom in a research report on Tuesday, August 29th. Five equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and seven have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $45.33.
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Shares of Nordstrom, Inc. (NYSE:JWN) opened at $41.16 on Thursday. Nordstrom, Inc. has a one year low of $37.79 and a one year high of $61.85. The company has a quick ratio of 0.30, a current ratio of 1.00 and a debt-to-equity ratio of 3.14. The firm has a market capitalization of $6,880.58, a price-to-earnings ratio of 13.24, a PEG ratio of 2.33 and a beta of 0.84.
Nordstrom (NYSE:JWN) last issued its quarterly earnings data on Thursday, November 9th. The specialty retailer reported $0.67 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.04. Nordstrom had a return on equity of 67.44% and a net margin of 3.25%. The business had revenue of $3.54 billion during the quarter, compared to analysts’ expectations of $3.50 billion. During the same period in the previous year, the firm posted $0.84 earnings per share. The company’s revenue was up 2.0% on a year-over-year basis. sell-side analysts predict that Nordstrom, Inc. will post 2.95 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Monday, November 27th will be paid a $0.37 dividend. The ex-dividend date is Friday, November 24th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.60%. Nordstrom’s payout ratio is presently 52.11%.
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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