14,300 Shares in Nordstrom, Inc. (JWN) Acquired by Griffin Asset Management Inc.

Griffin Asset Management Inc. acquired a new stake in shares of Nordstrom, Inc. (NYSE:JWN) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 14,300 shares of the specialty retailer’s stock, valued at approximately $684,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in JWN. Ameritas Investment Partners Inc. raised its position 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 valued at $131,000 after purchasing an additional 2,778 shares in the last quarter. OppenheimerFunds Inc. raised its position in Nordstrom by 40.1% during the first quarter. OppenheimerFunds Inc. now owns 42,215 shares of the specialty retailer’s stock valued at $1,966,000 after purchasing an additional 12,085 shares in the last quarter. Teachers Advisors LLC raised its position in Nordstrom by 23.6% during the first quarter. Teachers Advisors LLC now owns 204,754 shares of the specialty retailer’s stock valued at $9,535,000 after purchasing an additional 39,100 shares in the last quarter. Global X Management Co. LLC raised its position in Nordstrom by 32.4% during the first quarter. Global X Management Co. LLC now owns 6,528 shares of the specialty retailer’s stock valued at $304,000 after purchasing an additional 1,598 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in Nordstrom by 5.6% during the first quarter. Geode Capital Management LLC now owns 1,082,204 shares of the specialty retailer’s stock valued at $50,324,000 after purchasing an additional 57,018 shares in the last quarter. Institutional investors and hedge funds own 63.00% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “14,300 Shares in Nordstrom, Inc. (JWN) Acquired by Griffin Asset Management Inc.” was posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this report on another site, it was illegally copied and republished in violation of United States and international copyright & trademark legislation. The correct version of this report can be read at https://ledgergazette.com/2017/10/20/14300-shares-in-nordstrom-inc-jwn-acquired-by-griffin-asset-management-inc.html.

Several research analysts have commented on the stock. Vetr downgraded shares of Nordstrom from a “sell” rating to a “strong sell” rating and set a $41.54 price objective for the company. in a research report on Wednesday, July 5th. Piper Jaffray Companies restated a “hold” rating on shares of Nordstrom in a research report on Thursday. Robert W. Baird set a $50.00 price objective on shares of Nordstrom and gave the company a “hold” rating in a research report on Saturday, August 12th. Zacks Investment Research upgraded shares of Nordstrom from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a research report on Thursday, August 10th. Finally, Wolfe Research boosted their price objective on shares of Nordstrom from $45.00 to $47.00 and gave the company an “outperform” rating in a research report on Friday, August 11th. Four research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eight have issued a buy rating to the company. Nordstrom presently has an average rating of “Hold” and an average price target of $47.77.

Nordstrom, Inc. (NYSE JWN) traded up 0.10% during midday trading on Friday, hitting $41.77. 444,627 shares of the company were exchanged. Nordstrom, Inc. has a 1-year low of $39.53 and a 1-year high of $62.82. The firm has a market capitalization of $6.94 billion, a PE ratio of 19.79 and a beta of 0.85. The stock has a 50 day moving average of $45.11 and a 200 day moving average of $45.67.

Nordstrom (NYSE:JWN) last

A number of other institutional investors and hedge funds have also recently made changes to their positions in JWN. Ameritas Investment Partners Inc. raised its position 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 valued at $131,000 after purchasing an additional 2,778 shares in the last quarter. OppenheimerFunds Inc. raised its position in Nordstrom by 40.1% during the first quarter. OppenheimerFunds Inc. now owns 42,215 shares of the specialty retailer’s stock valued at $1,966,000 after purchasing an additional 12,085 shares in the last quarter. Teachers Advisors LLC raised its position in Nordstrom by 23.6% during the first quarter. Teachers Advisors LLC now owns 204,754 shares of the specialty retailer’s stock valued at $9,535,000 after purchasing an additional 39,100 shares in the last quarter. Global X Management Co. LLC raised its position in Nordstrom by 32.4% during the first quarter. Global X Management Co. LLC now owns 6,528 shares of the specialty retailer’s stock valued at $304,000 after purchasing an additional 1,598 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in Nordstrom by 5.6% during the first quarter. Geode Capital Management LLC now owns 1,082,204 shares of the specialty retailer’s stock valued at $50,324,000 after purchasing an additional 57,018 shares in the last quarter. Institutional investors and hedge funds own 63.00% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “14,300 Shares in Nordstrom, Inc. (JWN) Acquired by Griffin Asset Management Inc.” was posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this report on another site, it was illegally copied and republished in violation of United States and international copyright & trademark legislation. The correct version of this report can be read at https://ledgergazette.com/2017/10/20/14300-shares-in-nordstrom-inc-jwn-acquired-by-griffin-asset-management-inc.html.

Several research analysts have commented on the stock. Vetr downgraded shares of Nordstrom from a “sell” rating to a “strong sell” rating and set a $41.54 price objective for the company. in a research report on Wednesday, July 5th. Piper Jaffray Companies restated a “hold” rating on shares of Nordstrom in a research report on Thursday. Robert W. Baird set a $50.00 price objective on shares of Nordstrom and gave the company a “hold” rating in a research report on Saturday, August 12th. Zacks Investment Research upgraded shares of Nordstrom from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a research report on Thursday, August 10th. Finally, Wolfe Research boosted their price objective on shares of Nordstrom from $45.00 to $47.00 and gave the company an “outperform” rating in a research report on Friday, August 11th. Four research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eight have issued a buy rating to the company. Nordstrom presently has an average rating of “Hold” and an average price target of $47.77.

Nordstrom, Inc. (NYSE JWN) traded up 0.10% during midday trading on Friday, hitting $41.77. 444,627 shares of the company were exchanged. Nordstrom, Inc. has a 1-year low of $39.53 and a 1-year high of $62.82. The firm has a market capitalization of $6.94 billion, a PE ratio of 19.79 and a beta of 0.85. The stock has a 50 day moving average of $45.11 and a 200 day moving average of $45.67.

Nordstrom (NYSE:JWN) last posted its quarterly earnings data on Thursday, August 10th. The specialty retailer reported $0.65 EPS for the quarter, topping the consensus estimate of $0.62 by $0.03. Nordstrom had a net margin of 2.44% and a return on equity of 71.57%. The business had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.70 billion. During the same quarter in the previous year, the firm posted $0.67 earnings per share. Nordstrom’s quarterly revenue was up 3.5% on a year-over-year basis. On average, equities analysts predict that Nordstrom, Inc. will post $2.98 earnings per share for the current fiscal year.

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.

Institutional Ownership by Quarter for Nordstrom (NYSE:JWN)

Receive News & Ratings for Nordstrom Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nordstrom Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply