Tradewinds Capital Management LLC raised its position in shares of Nordstrom Inc. (NYSE:JWN) by 1.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,514 shares of the company’s stock after buying an additional 140 shares during the period. Tradewinds Capital Management LLC’s holdings in Nordstrom were worth $400,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in JWN. Riverhead Capital Management LLC increased its position in Nordstrom by 4.7% in the first quarter. Riverhead Capital Management LLC now owns 167,369 shares of the company’s stock worth $9,576,000 after buying an additional 7,523 shares during the period. Pictet Asset Management Ltd. increased its position in Nordstrom by 1.8% in the first quarter. Pictet Asset Management Ltd. now owns 134,421 shares of the company’s stock worth $6,899,000 after buying an additional 2,400 shares during the period. UBS Asset Management Americas Inc. increased its position in Nordstrom by 17.2% in the first quarter. UBS Asset Management Americas Inc. now owns 604,705 shares of the company’s stock worth $34,596,000 after buying an additional 88,863 shares during the period. Edmond DE Rothschild Holding S.A. acquired a new position in Nordstrom during the first quarter worth $801,000. Finally, Lazard Asset Management LLC increased its position in Nordstrom by 183.3% in the first quarter. Lazard Asset Management LLC now owns 185,611 shares of the company’s stock worth $10,618,000 after buying an additional 120,086 shares during the period. 65.43% of the stock is owned by institutional investors and hedge funds.
Shares of Nordstrom Inc. (NYSE:JWN) traded down 0.56% on Monday, hitting $53.33. 1,428,176 shares of the stock were exchanged. Nordstrom Inc. has a 52-week low of $35.01 and a 52-week high of $69.54. The company has a 50 day moving average of $51.65 and a 200 day moving average of $46.49. The company has a market cap of $9.25 billion, a price-to-earnings ratio of 22.72 and a beta of 1.04.
Nordstrom (NYSE:JWN) last issued its earnings results on Thursday, August 11th. The company reported $0.67 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.11. Nordstrom had a return on equity of 47.22% and a net margin of 2.95%. The business earned $3.65 billion during the quarter, compared to analyst estimates of $3.67 billion. During the same quarter in the previous year, the firm earned $0.93 EPS. Nordstrom’s revenue was down .2% on a year-over-year basis. Equities research analysts forecast that Nordstrom Inc. will post $2.73 earnings per share for the current year.
A number of brokerages have recently commented on JWN. Cowen and Company reissued an “outperform” rating and issued a $55.00 price objective on shares of Nordstrom in a research report on Monday, August 29th. Vetr raised shares of Nordstrom from a “hold” rating to a “buy” rating and set a $47.50 price objective for the company in a research report on Tuesday, July 26th. RBC Capital Markets reissued a “sector perform” rating and issued a $47.00 price objective (up previously from $38.00) on shares of Nordstrom in a research report on Monday, August 15th. Piper Jaffray Cos. reissued a “neutral” rating and issued a $45.00 price objective on shares of Nordstrom in a research report on Monday, July 11th. Finally, Telsey Advisory Group lifted their price objective on shares of Nordstrom from $40.00 to $53.00 and gave the company a “market perform” rating in a research report on Friday, August 12th. Seven research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and eight have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $47.23.
In other Nordstrom news, insider Daniel F. Little sold 5,277 shares of the business’s stock in a transaction dated Friday, October 7th. The stock was sold at an average price of $55.00, for a total transaction of $290,235.00. Following the completion of the sale, the insider now directly owns 68,223 shares in the company, valued at approximately $3,752,265. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Daniel F. Little sold 5,270 shares of the business’s stock in a transaction dated Friday, September 23rd. The shares were sold at an average price of $52.00, for a total value of $274,040.00. Following the sale, the insider now owns 68,088 shares of the company’s stock, valued at $3,540,576. The disclosure for this sale can be found here. 7.03% of the stock is owned by company insiders.
Nordstrom Company Profile
Nordstrom, Inc is a fashion specialty retailer in the United States. The company operates through two segments: Retail and Credit. The Retail segment includes approximately 115 Nordstrom branded full-line stores in the United States and Nordstrom.com, approximately 167 off-price Nordstrom Rack stores, two Canada full-line stores, Nordstromrack.com and HauteLook, and other retail channels, including five Trunk Club showrooms and TrunkClub.com, its two Jeffrey boutiques and one clearance store that operates under the name Last Chance.