Nomura Holdings Inc. Acquires New Position in Nordstrom, Inc. (JWN)

Nomura Holdings Inc. acquired a new position in shares of Nordstrom, Inc. (NYSE:JWN) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 16,641 shares of the specialty retailer’s stock, valued at approximately $796,000.

Other institutional investors also recently added to or reduced their stakes in the company. Gemmer Asset Management LLC raised its stake in Nordstrom by 0.8% during the second quarter. Gemmer Asset Management LLC now owns 2,270 shares of the specialty retailer’s stock worth $109,000 after acquiring an additional 18 shares in the last quarter. NEXT Financial Group Inc raised its stake in Nordstrom by 55.4% during the second quarter. NEXT Financial Group Inc now owns 2,642 shares of the specialty retailer’s stock worth $126,000 after acquiring an additional 942 shares in the last quarter. Ameritas Investment Partners Inc. raised its stake in Nordstrom by 6,460.5% during the first quarter. Ameritas Investment Partners Inc. now owns 2,821 shares of the specialty retailer’s stock worth $131,000 after acquiring an additional 2,778 shares in the last quarter. Sei Investments Co. raised its stake in Nordstrom by 32.0% during the second quarter. Sei Investments Co. now owns 3,177 shares of the specialty retailer’s stock worth $152,000 after acquiring an additional 771 shares in the last quarter. Finally, Mosaic Family Wealth LLC raised its stake in Nordstrom by 8.2% during the second quarter. Mosaic Family Wealth LLC now owns 3,195 shares of the specialty retailer’s stock worth $153,000 after acquiring an additional 242 shares in the last quarter. Hedge funds and other institutional investors own 63.00% of the company’s stock.

Nordstrom, Inc. (NYSE JWN) opened at 42.01 on Thursday. The firm’s 50-day moving average price is $45.18 and its 200-day moving average price is $45.70. The company has a market cap of $6.98 billion, a PE ratio of 19.90 and a beta of 0.85. Nordstrom, Inc. has a one year low of $39.53 and a one year high of $62.82.

Nordstrom (NYSE:JWN) last announced its earnings results on Thursday, August 10th. The specialty retailer reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.03. The firm had revenue of $3.72 billion for the quarter, compared to analysts’ expectations of $3.70 billion. Nordstrom had a net margin of 2.44% and a return on equity of 71.57%. The business’s revenue was up 3.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.67 EPS. On average, equities research analysts forecast that Nordstrom, Inc. will post $2.98 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION WARNING: “Nomura Holdings Inc. Acquires New Position in Nordstrom, Inc. (JWN)” was originally reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this report on another domain, it was illegally copied and republished in violation of U.S. & international trademark & copyright law. The legal version of this report can be read at https://ledgergazette.com/2017/10/19/nomura-holdings-inc-acquires-new-position-in-nordstrom-inc-jwn.html.

Several analysts have recently commented on the company. Zacks Investment Research upgraded Nordstrom from a “hold” rating to a “buy” rating and set a $53.00 target price on the stock in a report on Thursday, August 10th. Cowen and Company restated an “outperform” rating and set a $53.00 target price (up previously from $49.00) on shares of Nordstrom in a report on Wednesday, September 13th. KeyCorp set a $55.00 target price on Nordstrom and gave the stock a “buy” rating in a report on Wednesday, October 11th. Vetr cut Nordstrom from a “sell” rating to a “strong sell” rating and set a $41.54 target price on the stock. in a report on Wednesday, July 5th. Finally, BidaskClub cut Nordstrom from a “buy” rating to a “hold”

Other institutional investors also recently added to or reduced their stakes in the company. Gemmer Asset Management LLC raised its stake in Nordstrom by 0.8% during the second quarter. Gemmer Asset Management LLC now owns 2,270 shares of the specialty retailer’s stock worth $109,000 after acquiring an additional 18 shares in the last quarter. NEXT Financial Group Inc raised its stake in Nordstrom by 55.4% during the second quarter. NEXT Financial Group Inc now owns 2,642 shares of the specialty retailer’s stock worth $126,000 after acquiring an additional 942 shares in the last quarter. Ameritas Investment Partners Inc. raised its stake in Nordstrom by 6,460.5% during the first quarter. Ameritas Investment Partners Inc. now owns 2,821 shares of the specialty retailer’s stock worth $131,000 after acquiring an additional 2,778 shares in the last quarter. Sei Investments Co. raised its stake in Nordstrom by 32.0% during the second quarter. Sei Investments Co. now owns 3,177 shares of the specialty retailer’s stock worth $152,000 after acquiring an additional 771 shares in the last quarter. Finally, Mosaic Family Wealth LLC raised its stake in Nordstrom by 8.2% during the second quarter. Mosaic Family Wealth LLC now owns 3,195 shares of the specialty retailer’s stock worth $153,000 after acquiring an additional 242 shares in the last quarter. Hedge funds and other institutional investors own 63.00% of the company’s stock.

Nordstrom, Inc. (NYSE JWN) opened at 42.01 on Thursday. The firm’s 50-day moving average price is $45.18 and its 200-day moving average price is $45.70. The company has a market cap of $6.98 billion, a PE ratio of 19.90 and a beta of 0.85. Nordstrom, Inc. has a one year low of $39.53 and a one year high of $62.82.

Nordstrom (NYSE:JWN) last announced its earnings results on Thursday, August 10th. The specialty retailer reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.03. The firm had revenue of $3.72 billion for the quarter, compared to analysts’ expectations of $3.70 billion. Nordstrom had a net margin of 2.44% and a return on equity of 71.57%. The business’s revenue was up 3.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.67 EPS. On average, equities research analysts forecast that Nordstrom, Inc. will post $2.98 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION WARNING: “Nomura Holdings Inc. Acquires New Position in Nordstrom, Inc. (JWN)” was originally reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this report on another domain, it was illegally copied and republished in violation of U.S. & international trademark & copyright law. The legal version of this report can be read at https://ledgergazette.com/2017/10/19/nomura-holdings-inc-acquires-new-position-in-nordstrom-inc-jwn.html.

Several analysts have recently commented on the company. Zacks Investment Research upgraded Nordstrom from a “hold” rating to a “buy” rating and set a $53.00 target price on the stock in a report on Thursday, August 10th. Cowen and Company restated an “outperform” rating and set a $53.00 target price (up previously from $49.00) on shares of Nordstrom in a report on Wednesday, September 13th. KeyCorp set a $55.00 target price on Nordstrom and gave the stock a “buy” rating in a report on Wednesday, October 11th. Vetr cut Nordstrom from a “sell” rating to a “strong sell” rating and set a $41.54 target price on the stock. in a report on Wednesday, July 5th. Finally, BidaskClub cut Nordstrom from a “buy” rating to a “hold” rating in a report on Saturday, August 12th. Four investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eight have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $47.77.

Nordstrom 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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