Dynamic Capital Management Ltd cut its position in shares of Nordstrom, Inc. (NYSE:JWN) by 87.7% in the 4th quarter, Holdings Channel reports. The fund owned 5,198 shares of the specialty retailer’s stock after selling 37,144 shares during the period. Dynamic Capital Management Ltd’s holdings in Nordstrom were worth $246,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in JWN. Ariel Investments LLC boosted its position in shares of Nordstrom by 9.2% in the fourth quarter. Ariel Investments LLC now owns 1,303,102 shares of the specialty retailer’s stock worth $61,741,000 after buying an additional 109,753 shares during the period. AMP Capital Investors Ltd boosted its position in shares of Nordstrom by 28.5% in the fourth quarter. AMP Capital Investors Ltd now owns 46,416 shares of the specialty retailer’s stock worth $2,199,000 after buying an additional 10,300 shares during the period. BlueCrest Capital Management Ltd purchased a new stake in shares of Nordstrom in the fourth quarter worth about $747,000. Restructuring Capital Associates LP purchased a new stake in shares of Nordstrom in the fourth quarter worth about $6,633,000. Finally, MYDA Advisors LLC purchased a new stake in shares of Nordstrom in the fourth quarter worth about $284,000. Institutional investors own 59.01% of the company’s stock.
Several equities research analysts have recently weighed in on the company. Piper Jaffray Companies set a $48.00 target price on Nordstrom and gave the stock a “hold” rating in a research report on Thursday, March 1st. BMO Capital Markets set a $50.00 target price on Nordstrom and gave the stock a “hold” rating in a research report on Friday, January 12th. Zacks Investment Research raised Nordstrom from a “hold” rating to a “buy” rating and set a $56.00 target price for the company in a research report on Monday, January 15th. Robert W. Baird set a $53.00 target price on Nordstrom and gave the stock a “hold” rating in a research report on Thursday, March 1st. Finally, Royal Bank of Canada set a $49.00 target price on Nordstrom and gave the stock a “hold” rating in a research report on Friday, March 2nd. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and seven have given a buy rating to the stock. Nordstrom presently has a consensus rating of “Hold” and a consensus target price of $48.82.
Nordstrom (NYSE:JWN) last announced its quarterly earnings data on Thursday, March 1st. The specialty retailer reported $1.20 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.24 by ($0.04). Nordstrom had a net margin of 2.86% and a return on equity of 60.72%. The firm had revenue of $4.60 billion for the quarter, compared to analyst estimates of $4.57 billion. During the same quarter in the previous year, the company earned $1.27 EPS. The company’s quarterly revenue was up 8.4% compared to the same quarter last year. equities research analysts expect that Nordstrom, Inc. will post 3.42 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 20th. Shareholders of record on Monday, March 5th will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 2.96%. The ex-dividend date is Friday, March 2nd. Nordstrom’s payout ratio is currently 57.36%.
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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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