NumerixS Investment Technologies Inc lessened its holdings in shares of Nordstrom, Inc. (NYSE:JWN) by 35.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,402 shares of the specialty retailer’s stock after selling 5,822 shares during the quarter. NumerixS Investment Technologies Inc’s holdings in Nordstrom were worth $462,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also modified their holdings of the company. CX Institutional purchased a new stake in Nordstrom in the 1st quarter worth $41,000. Zions Bancorporation N.A. bought a new stake in shares of Nordstrom in the 1st quarter worth about $41,000. Quadrant Capital Group LLC bought a new stake in shares of Nordstrom in the 1st quarter worth about $48,000. Pinnacle Financial Partners Inc. bought a new stake in shares of Nordstrom in the 1st quarter worth about $51,000. Finally, Whittier Trust Co. bought a new stake in shares of Nordstrom in the 1st quarter worth about $53,000. Institutional investors and hedge funds own 62.30% of the company’s stock.
Shares of NYSE:JWN traded up $0.41 during midday trading on Friday, reaching $31.86. The company’s stock had a trading volume of 3,448,000 shares, compared to its average volume of 3,444,740. The firm has a market capitalization of $4.98 billion, a price-to-earnings ratio of 8.97, a PEG ratio of 1.61 and a beta of 0.66. Nordstrom, Inc. has a twelve month low of $30.55 and a twelve month high of $67.75. The firm has a fifty day moving average price of $33.86. The company has a debt-to-equity ratio of 6.34, a current ratio of 0.76 and a quick ratio of 0.24.
The company also recently declared a quarterly dividend, which was paid on Tuesday, June 18th. Investors of record on Monday, June 3rd were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, May 31st. This represents a $1.48 annualized dividend and a yield of 4.65%. Nordstrom’s dividend payout ratio is presently 41.69%.
A number of analysts have recently weighed in on JWN shares. Zacks Investment Research upgraded shares of Nordstrom from a “hold” rating to a “buy” rating and set a $49.00 target price on the stock in a report on Tuesday, March 19th. Piper Jaffray Companies set a $44.00 target price on shares of Nordstrom and gave the stock a “hold” rating in a research note on Friday, March 1st. Deutsche Bank dropped their target price on shares of Nordstrom from $51.00 to $49.00 and set a “hold” rating on the stock in a research note on Friday, March 1st. Guggenheim restated a “hold” rating on shares of Nordstrom in a research note on Thursday, February 28th. Finally, Gordon Haskett upgraded shares of Nordstrom from a “reduce” rating to a “hold” rating and set a $33.71 target price on the stock in a research note on Thursday, June 20th. Five equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $42.11.
In other Nordstrom news, insider Peter E. Nordstrom sold 3,380 shares of the stock in a transaction on Monday, June 10th. The shares were sold at an average price of $32.46, for a total transaction of $109,714.80. Following the transaction, the insider now directly owns 2,530,989 shares of the company’s stock, valued at $82,155,902.94. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Christine Deputy sold 4,812 shares of the firm’s stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $32.59, for a total transaction of $156,823.08. Following the completion of the transaction, the insider now directly owns 60,056 shares in the company, valued at $1,957,225.04. The disclosure for this sale can be found here. 5.21% of the stock is currently owned by company insiders.
Nordstrom, Inc, a fashion retailer, provides apparel, shoes, cosmetics, and accessories for women, men, young adults, and children. It offers a range of brand name and private label merchandise through various channels, such as Nordstrom branded full-line stores and online store at Nordstrom.com; Nordstrom Rack stores; Nordstromrack.com and HauteLook; Jeffrey boutiques; clearance stores that operate under the Last Chance name; Trunk Club clubhouses and TrunkClub.com; and Nordstrom Locals.
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