KBC Group NV lowered its stake in Nordstrom, Inc. (NYSE:JWN) by 13.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 35,335 shares of the specialty retailer’s stock after selling 5,490 shares during the period. KBC Group NV’s holdings in Nordstrom were worth $1,666,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. Sei Investments Co. lifted 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 valued at $152,000 after buying an additional 771 shares during the period. Mosaic Family Wealth LLC lifted its position in Nordstrom by 8.2% during the second quarter. Mosaic Family Wealth LLC now owns 3,195 shares of the specialty retailer’s stock valued at $153,000 after buying an additional 242 shares during the period. Advisory Services Network LLC lifted its position in Nordstrom by 41.8% during the second quarter. Advisory Services Network LLC now owns 3,452 shares of the specialty retailer’s stock valued at $165,000 after buying an additional 1,018 shares during the period. Thrivent Financial For Lutherans purchased a new position in Nordstrom during the second quarter valued at $202,000. Finally, Nordea Investment Management AB lifted its position in Nordstrom by 7.2% during the second quarter. Nordea Investment Management AB now owns 4,264 shares of the specialty retailer’s stock valued at $204,000 after buying an additional 287 shares during the period. Institutional investors and hedge funds own 57.74% of the company’s stock.

Shares of Nordstrom, Inc. (NYSE:JWN) traded up $0.06 during trading hours on Tuesday, reaching $45.84. The company’s stock had a trading volume of 1,683,900 shares, compared to its average volume of 2,895,786. Nordstrom, Inc. has a fifty-two week low of $37.79 and a fifty-two week high of $60.51. The company has a current ratio of 1.00, a quick ratio of 0.30 and a debt-to-equity ratio of 3.14. The stock has a market cap of $7,626.14, a price-to-earnings ratio of 14.67, a price-to-earnings-growth ratio of 2.59 and a beta of 0.90.

Nordstrom (NYSE:JWN) last issued its earnings results on Thursday, November 9th. The specialty retailer reported $0.67 earnings per share for the quarter, topping 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 analyst estimates of $3.50 billion. During the same quarter in the previous year, the firm earned $0.84 EPS. Nordstrom’s revenue was up 2.0% on a year-over-year basis. sell-side analysts anticipate that Nordstrom, Inc. will post 2.95 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 12th. Shareholders of record on Monday, November 27th will be given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date of this dividend is Friday, November 24th. Nordstrom’s dividend payout ratio (DPR) is 52.11%.

Several equities analysts have commented on JWN shares. Zacks Investment Research raised Nordstrom from a “sell” rating to a “hold” rating and set a $45.00 price objective for the company in a research report on Wednesday, November 8th. Robert W. Baird lowered their price objective on Nordstrom from $50.00 to $43.00 and set a “neutral” rating for the company in a research report on Friday, November 10th. Cowen reissued an “outperform” rating and set a $53.00 price objective (up previously from $49.00) on shares of Nordstrom in a research report on Wednesday, September 13th. KeyCorp set a $55.00 price objective on Nordstrom and gave the company a “buy” rating in a research report on Wednesday, October 11th. Finally, Bank of America lowered their price objective on Nordstrom from $40.00 to $35.00 and set an “underperform” rating for the company in a research report on Friday, November 10th. Five equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and seven have issued a buy rating to the company. Nordstrom presently has a consensus rating of “Hold” and a consensus target price of $45.33.

TRADEMARK VIOLATION WARNING: This news story was reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this news story on another publication, it was copied illegally and reposted in violation of United States and international trademark & copyright legislation. The legal version of this news story can be viewed at https://www.thecerbatgem.com/2017/12/12/nordstrom-inc-jwn-position-trimmed-by-kbc-group-nv.html.

About Nordstrom

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.

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.