Aviva PLC reduced its stake in shares of Nordstrom, Inc. (NYSE:JWN) by 21.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 43,972 shares of the specialty retailer’s stock after selling 12,295 shares during the period. Aviva PLC’s holdings in Nordstrom were worth $2,050,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of JWN. Oregon Public Employees Retirement Fund lifted its holdings in shares of Nordstrom by 4,156.2% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,898,862 shares of the specialty retailer’s stock worth $62,000 after acquiring an additional 2,830,753 shares during the last quarter. Boston Partners lifted its holdings in shares of Nordstrom by 57.5% during the 4th quarter. Boston Partners now owns 6,346,355 shares of the specialty retailer’s stock worth $295,804,000 after acquiring an additional 2,318,179 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Nordstrom by 10.5% during the 3rd quarter. BlackRock Inc. now owns 9,865,556 shares of the specialty retailer’s stock worth $590,062,000 after acquiring an additional 933,720 shares during the last quarter. TIAA CREF Investment Management LLC lifted its holdings in shares of Nordstrom by 92.5% during the 3rd quarter. TIAA CREF Investment Management LLC now owns 1,358,979 shares of the specialty retailer’s stock worth $81,281,000 after acquiring an additional 653,173 shares during the last quarter. Finally, Unigestion Holding SA lifted its stake in Nordstrom by 533.8% in the fourth quarter. Unigestion Holding SA now owns 651,325 shares of the specialty retailer’s stock worth $30,358,000 after purchasing an additional 548,553 shares during the last quarter. 60.50% of the stock is owned by institutional investors.
In other Nordstrom news, insider Erik B. Nordstrom sold 1,169 shares of the business’s stock in a transaction dated Monday, February 25th. The shares were sold at an average price of $44.70, for a total value of $52,254.30. Following the transaction, the insider now owns 2,671,406 shares in the company, valued at $119,411,848.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Erik B. Nordstrom sold 17,762 shares of the business’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $44.07, for a total transaction of $782,771.34. Following the completion of the transaction, the insider now owns 2,653,314 shares in the company, valued at approximately $116,931,547.98. The disclosure for this sale can be found here. 7.05% of the stock is currently owned by insiders.
JWN stock opened at $44.46 on Friday. Nordstrom, Inc. has a 12-month low of $43.04 and a 12-month high of $67.75. The stock has a market capitalization of $7.44 billion, a price-to-earnings ratio of 12.52, a PEG ratio of 1.97 and a beta of 0.54. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.41 and a current ratio of 1.00.
Nordstrom (NYSE:JWN) last released its quarterly earnings data on Thursday, February 28th. The specialty retailer reported $1.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.42 by $0.06. Nordstrom had a net margin of 3.56% and a return on equity of 57.14%. During the same period in the previous year, the business earned $1.20 EPS. As a group, equities analysts predict that Nordstrom, Inc. will post 3.76 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 26th. Shareholders of record on Monday, March 11th will be given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.33%. The ex-dividend date of this dividend is Friday, March 8th. Nordstrom’s payout ratio is 41.69%.
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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