Vanguard Group Inc. increased its stake in shares of Nordstrom Inc. (NYSE:JWN) by 16.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,840,222 shares of the company’s stock after buying an additional 1,945,151 shares during the period. Vanguard Group Inc. owned approximately 7.98% of Nordstrom worth $526,621,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of the company. Nisa Investment Advisors L.L.C. raised its position in shares of Nordstrom by 2.5% in the first quarter. Nisa Investment Advisors L.L.C. now owns 45,668 shares of the company’s stock worth $2,613,000 after buying an additional 1,100 shares in the last quarter. Ngam Advisors L.P. acquired a new position in shares of Nordstrom during the first quarter worth $1,251,000. TIAA CREF Investment Management LLC raised its position in shares of Nordstrom by 22.7% in the first quarter. TIAA CREF Investment Management LLC now owns 696,390 shares of the company’s stock worth $39,840,000 after buying an additional 128,940 shares in the last quarter. Teachers Advisors Inc. raised its position in shares of Nordstrom by 2.0% in the first quarter. Teachers Advisors Inc. now owns 155,610 shares of the company’s stock worth $8,902,000 after buying an additional 3,034 shares in the last quarter. Finally, Stratos Wealth Partners LTD. acquired a new position in shares of Nordstrom during the first quarter worth $257,000. Hedge funds and other institutional investors own 65.48% of the company’s stock.
Shares of Nordstrom Inc. (NYSE:JWN) opened at 51.88 on Friday. The stock’s 50 day moving average is $51.30 and its 200-day moving average is $46.67. Nordstrom Inc. has a one year low of $35.01 and a one year high of $75.67. The stock has a market cap of $9.00 billion, a P/E ratio of 22.10 and a beta of 0.93.
Nordstrom (NYSE:JWN) last released its quarterly earnings data on Thursday, August 11th. The company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.11. The firm earned $3.65 billion during the quarter, compared to the consensus estimate of $3.67 billion. Nordstrom had a return on equity of 47.22% and a net margin of 2.95%. The firm’s quarterly revenue was down .2% on a year-over-year basis. During the same period in the previous year, the company posted $0.93 earnings per share. On average, equities analysts forecast that Nordstrom Inc. will post $2.73 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 13th. Investors of record on Monday, August 29th were issued a $0.37 dividend. The ex-dividend date was Thursday, August 25th. This represents a $1.48 annualized dividend and a dividend yield of 2.85%. Nordstrom’s payout ratio is currently 62.98%.
JWN has been the subject of a number of research reports. Argus reiterated a “hold” rating on shares of Nordstrom in a research report on Monday, June 13th. Maxim Group initiated coverage on shares of Nordstrom in a research report on Wednesday, June 15th. They set a “buy” rating and a $50.00 target price for the company. Miller Tabak upgraded shares of Nordstrom from a “sell” rating to a “hold” rating and increased their target price for the stock from $30.00 to $39.50 in a research report on Tuesday, July 5th. They noted that the move was a valuation call. Vetr lowered shares of Nordstrom from a “strong-buy” rating to a “buy” rating and set a $43.19 target price for the company. in a research report on Thursday, July 7th. Finally, Piper Jaffray Cos. reiterated a “neutral” rating and set a $45.00 target price on shares of Nordstrom in a research report on Monday, July 11th. Seven equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and eight have given a buy rating to the stock. Nordstrom has a consensus rating of “Hold” and a consensus target price of $47.13.
In related news, insider Daniel F. Little sold 5,270 shares of Nordstrom stock in a transaction dated Friday, September 23rd. The stock was sold at an average price of $52.00, for a total value of $274,040.00. Following the completion of the sale, the insider now directly owns 68,088 shares in the company, valued at $3,540,576. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 7.03% of the stock is owned by corporate insiders.
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.
Receive News & 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 companies with MarketBeat.com's FREE daily email newsletter.