Susquehanna Fundamental Investments LLC Grows Stake in Nordstrom, Inc. (JWN)
Susquehanna Fundamental Investments LLC grew its position in Nordstrom, Inc. (NYSE:JWN) by 101.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 163,800 shares of the specialty retailer’s stock after purchasing an additional 82,500 shares during the period. Nordstrom accounts for 1.3% of Susquehanna Fundamental Investments LLC’s investment portfolio, making the stock its 13th biggest holding. Susquehanna Fundamental Investments LLC’s holdings in Nordstrom were worth $7,635,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in JWN. Oregon Public Employees Retirement Fund increased its stake in shares of Nordstrom by 4,156.2% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,898,862 shares of the specialty retailer’s stock valued at $62,000 after buying an additional 2,830,753 shares during the period. We Are One Seven LLC acquired a new stake in shares of Nordstrom in the 4th quarter valued at $92,000. Quantamental Technologies LLC acquired a new stake in shares of Nordstrom in the 4th quarter valued at $97,000. Federated Investors Inc. PA increased its stake in shares of Nordstrom by 22.4% in the 3rd quarter. Federated Investors Inc. PA now owns 1,639 shares of the specialty retailer’s stock valued at $98,000 after buying an additional 300 shares during the period. Finally, Mosaic Family Wealth LLC boosted its position in shares of Nordstrom by 98.5% in the 4th quarter. Mosaic Family Wealth LLC now owns 2,305 shares of the specialty retailer’s stock worth $107,000 after purchasing an additional 1,144 shares during the last quarter. 60.50% of the stock is owned by institutional investors.
JWN has been the topic of several recent research reports. Zacks Investment Research restated a “buy” rating and issued a $52.00 price target on shares of Nordstrom in a research report on Monday, December 31st. TheStreet lowered Nordstrom from a “b-” rating to a “c+” rating in a research report on Tuesday, January 8th. Morgan Stanley upgraded Nordstrom from an “underweight” rating to an “equal weight” rating and set a $48.40 price target on the stock in a research report on Tuesday, January 8th. Nomura set a $53.00 price target on Nordstrom and gave the stock a “hold” rating in a research report on Monday, November 26th. Finally, Gordon Haskett upgraded Nordstrom from a “reduce” rating to a “hold” rating in a research report on Monday, November 19th. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $52.79.
JWN stock opened at $43.93 on Monday. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.41 and a current ratio of 1.00. The stock has a market cap of $7.32 billion, a price-to-earnings ratio of 12.37, a price-to-earnings-growth ratio of 1.97 and a beta of 0.54. Nordstrom, Inc. has a 1-year low of $43.04 and a 1-year high of $67.75.
Nordstrom (NYSE:JWN) last posted its earnings results on Thursday, February 28th. The specialty retailer reported $1.48 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.42 by $0.06. Nordstrom had a return on equity of 57.14% and a net margin of 3.56%. During the same quarter last year, the firm earned $1.20 EPS. Analysts predict that Nordstrom, Inc. will post 3.76 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 26th. Stockholders of record on Monday, March 11th will be issued a $0.37 dividend. The ex-dividend date is Friday, March 8th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.37%. Nordstrom’s dividend payout ratio (DPR) is 41.69%.
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Nordstrom, Inc, a fashion retailer, provides apparel, shoes, cosmetics, and accessories for women, men, young adults, and children. The company operates in two segments, Retail and Credit. The Retail segment offers a range of brand name and private label merchandise through various channels, including Nordstrom branded full-line stores and online store at Nordstrom.com; Nordstrom Rack stores; Nordstromrack.com and HauteLook; Trunk Club clubhouses and TrunkClub.com; Jeffrey boutiques; and clearance stores that operate under the Last Chance name.
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