Nordstrom, Inc. (JWN) Stake Lifted by Evergreen Capital Management LLC

Evergreen Capital Management LLC lifted its stake in Nordstrom, Inc. (NYSE:JWN) by 233.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 284,681 shares of the specialty retailer’s stock after buying an additional 199,339 shares during the period. Nordstrom comprises 1.6% of Evergreen Capital Management LLC’s portfolio, making the stock its 16th biggest holding. Evergreen Capital Management LLC owned approximately 0.17% of Nordstrom worth $13,423,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp increased its holdings in shares of Nordstrom by 37.8% during the second quarter. Bank of New York Mellon Corp now owns 10,882,305 shares of the specialty retailer’s stock worth $520,501,000 after buying an additional 2,985,551 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Nordstrom by 1.9% during the second quarter. BlackRock Inc. now owns 8,171,548 shares of the specialty retailer’s stock worth $390,843,000 after buying an additional 150,539 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Nordstrom by 7.4% during the third quarter. Principal Financial Group Inc. now owns 1,967,191 shares of the specialty retailer’s stock worth $92,752,000 after buying an additional 136,053 shares in the last quarter. York Capital Management Global Advisors LLC acquired a new stake in shares of Nordstrom during the second quarter worth approximately $75,623,000. Finally, APG Asset Management N.V. increased its holdings in shares of Nordstrom by 6.8% during the third quarter. APG Asset Management N.V. now owns 1,519,455 shares of the specialty retailer’s stock worth $71,642,000 after buying an additional 97,000 shares in the last quarter. Institutional investors and hedge funds own 57.74% of the company’s stock.

Nordstrom, Inc. (JWN) traded down $1.11 on Wednesday, reaching $46.15. 2,109,400 shares of the company traded hands, compared to its average volume of 2,912,612. The company has a market cap of $7,872.68, a PE ratio of 15.15, a P/E/G ratio of 2.67 and a beta of 0.90. Nordstrom, Inc. has a 1-year low of $37.79 and a 1-year high of $61.85. The company has a quick ratio of 0.30, a current ratio of 1.00 and a debt-to-equity ratio of 3.14.

Nordstrom (NYSE:JWN) last issued its quarterly earnings results on Thursday, November 9th. The specialty retailer reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.04. Nordstrom had a net margin of 3.25% and a return on equity of 67.44%. The firm had revenue of $3.54 billion for the quarter, compared to analyst estimates of $3.50 billion. During the same period in the previous year, the business earned $0.84 EPS. The company’s revenue was up 2.0% compared to the same quarter last year. equities research analysts predict that Nordstrom, Inc. will post 2.95 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 12th. Shareholders of record on Monday, November 27th will be paid a $0.37 dividend. The ex-dividend date of this dividend is Friday, November 24th. This represents a $1.48 annualized dividend and a yield of 3.21%. Nordstrom’s payout ratio is currently 52.11%.

Several analysts have recently weighed in on JWN shares. Credit Suisse Group reaffirmed a “buy” rating and set a $52.00 price objective on shares of Nordstrom in a report on Thursday, August 10th. Zacks Investment Research raised shares of Nordstrom from a “hold” rating to a “buy” rating and set a $53.00 price target for the company in a report on Thursday, August 10th. Cowen reissued a “buy” rating and issued a $49.00 price target on shares of Nordstrom in a report on Friday, August 11th. KeyCorp set a $55.00 price target on shares of Nordstrom and gave the company a “buy” rating in a report on Wednesday, October 11th. Finally, Robert W. Baird set a $50.00 price objective on shares of Nordstrom and gave the company a “hold” rating in a research note on Saturday, August 12th. Five analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and seven have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $45.33.

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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.

Institutional Ownership by Quarter for Nordstrom (NYSE:JWN)

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