OxFORD Asset Management LLP Raises Position in Nordstrom, Inc. (JWN)
OxFORD Asset Management LLP increased its position in Nordstrom, Inc. (NYSE:JWN) by 87.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 47,499 shares of the specialty retailer’s stock after purchasing an additional 22,226 shares during the quarter. OxFORD Asset Management LLP’s holdings in Nordstrom were worth $2,240,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of the stock. Commerzbank Aktiengesellschaft FI lifted its position in Nordstrom by 104.1% in the third quarter. Commerzbank Aktiengesellschaft FI now owns 13,315 shares of the specialty retailer’s stock worth $628,000 after purchasing an additional 6,790 shares during the period. Dimensional Fund Advisors LP raised its stake in Nordstrom by 2.3% during the third quarter. Dimensional Fund Advisors LP now owns 701,770 shares of the specialty retailer’s stock worth $33,090,000 after acquiring an additional 15,953 shares in the last quarter. Tiedemann Wealth Management LLC raised its stake in Nordstrom by 15.4% during the third quarter. Tiedemann Wealth Management LLC now owns 10,600 shares of the specialty retailer’s stock worth $219,000 after acquiring an additional 1,418 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in Nordstrom by 26.8% during the third quarter. Schwab Charles Investment Management Inc. now owns 797,763 shares of the specialty retailer’s stock worth $37,615,000 after acquiring an additional 168,724 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp raised its stake in Nordstrom by 12.3% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 289,574 shares of the specialty retailer’s stock worth $13,653,000 after acquiring an additional 31,764 shares in the last quarter. 57.74% of the stock is owned by hedge funds and other institutional investors.
Shares of Nordstrom, Inc. (NYSE JWN) traded up $0.53 during mid-day trading on Thursday, reaching $46.27. The company had a trading volume of 1,383,900 shares, compared to its average volume of 2,884,310. The company has a debt-to-equity ratio of 3.14, a quick ratio of 0.30 and a current ratio of 1.00. Nordstrom, Inc. has a 1 year low of $37.79 and a 1 year high of $58.41. The firm has a market capitalization of $7,617.81, a price-to-earnings ratio of 14.66, a price-to-earnings-growth ratio of 2.58 and a beta of 0.90.
The business also recently announced a quarterly dividend, which was paid on Tuesday, December 12th. Shareholders of record on Monday, November 27th were issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date was Friday, November 24th. Nordstrom’s dividend payout ratio (DPR) is currently 52.11%.
Several research analysts have issued reports on JWN shares. Zacks Investment Research upgraded Nordstrom from a “sell” rating to a “hold” rating and set a $45.00 price objective for the company in a research note on Wednesday, November 8th. Robert W. Baird dropped their price objective on Nordstrom from $50.00 to $43.00 and set a “neutral” rating for the company in a research note on Friday, November 10th. Cowen reiterated an “outperform” rating and set a $53.00 price objective (up from $49.00) on shares of Nordstrom in a research note on Wednesday, September 13th. KeyCorp set a $55.00 price objective on Nordstrom and gave the stock a “buy” rating in a research note on Wednesday, October 11th. Finally, Bank of America dropped their price objective on Nordstrom from $40.00 to $35.00 and set an “underperform” rating for the company in a research note on Friday, November 10th. Five investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and seven have assigned a buy rating to the stock. Nordstrom currently has an average rating of “Hold” and a consensus target price of $45.33.
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Nordstrom Company 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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