Nordstrom, Inc. (JWN) Stake Lifted by Disciplined Growth Investors Inc. MN

Disciplined Growth Investors Inc. MN lifted its position in shares of Nordstrom, Inc. (NYSE:JWN) by 60.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 1,428,767 shares of the specialty retailer’s stock after acquiring an additional 539,040 shares during the quarter. Nordstrom comprises 1.3% of Disciplined Growth Investors Inc. MN’s holdings, making the stock its 29th biggest position. Disciplined Growth Investors Inc. MN’s holdings in Nordstrom were worth $67,695,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of JWN. Crossmark Global Holdings Inc. acquired a new position in shares of Nordstrom during the third quarter worth about $409,000. Canada Pension Plan Investment Board boosted its holdings in Nordstrom by 227.7% during the third quarter. Canada Pension Plan Investment Board now owns 19,047 shares of the specialty retailer’s stock worth $898,000 after buying an additional 13,235 shares in the last quarter. Prudential Financial Inc. boosted its holdings in Nordstrom by 24.2% during the third quarter. Prudential Financial Inc. now owns 194,427 shares of the specialty retailer’s stock worth $9,167,000 after buying an additional 37,935 shares in the last quarter. Retirement Systems of Alabama boosted its holdings in Nordstrom by 4.7% during the third quarter. Retirement Systems of Alabama now owns 56,455 shares of the specialty retailer’s stock worth $2,662,000 after buying an additional 2,512 shares in the last quarter. Finally, Toronto Dominion Bank boosted its holdings in Nordstrom by 17.4% during the third quarter. Toronto Dominion Bank now owns 44,487 shares of the specialty retailer’s stock worth $2,098,000 after buying an additional 6,598 shares in the last quarter. Institutional investors and hedge funds own 58.75% of the company’s stock.

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Nordstrom, Inc. (NYSE JWN) opened at $49.36 on Tuesday. The company has a debt-to-equity ratio of 2.74, a quick ratio of 0.45 and a current ratio of 1.07. The stock has a market cap of $8,236.44, a P/E ratio of 16.72, a P/E/G ratio of 2.40 and a beta of 0.81. Nordstrom, Inc. has a one year low of $37.79 and a one year high of $54.00.

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 consensus estimate of $1.24 by ($0.04). The firm had revenue of $4.60 billion for the quarter, compared to analysts’ expectations of $4.57 billion. Nordstrom had a net margin of 2.86% and a return on equity of 60.72%. The business’s quarterly revenue was up 8.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.27 EPS. research analysts forecast 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. Investors 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 dividend yield of 3.00%. The ex-dividend date of this dividend is Friday, March 2nd. Nordstrom’s payout ratio is 57.36%.

A number of research firms recently commented on JWN. Credit Suisse Group began coverage on shares of Nordstrom in a report on Monday, March 12th. They set a “neutral” rating and a $54.00 price objective on the stock. TheStreet raised shares of Nordstrom from a “c+” rating to a “b-” rating in a report on Friday, March 2nd. BMO Capital Markets boosted their price objective on shares of Nordstrom from $50.00 to $55.00 and gave the stock a “market perform” rating in a report on Monday, March 5th. Robert W. Baird reissued a “neutral” rating on shares of Nordstrom in a report on Friday, March 2nd. Finally, Royal Bank of Canada set a $49.00 price objective on shares of Nordstrom and gave the stock a “hold” rating in a report on Friday, March 2nd. Two investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $48.92.

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Nordstrom Company Profile

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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Institutional Ownership by Quarter for Nordstrom (NYSE:JWN)

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