MML Investors Services LLC lifted its holdings in shares of Nordstrom, Inc. (NYSE:JWN – Get Rating) by 7.0% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 11,224 shares of the specialty retailer’s stock after acquiring an additional 738 shares during the period. MML Investors Services LLC’s holdings in Nordstrom were worth $188,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of JWN. Captrust Financial Advisors grew its position in shares of Nordstrom by 44.9% during the 2nd quarter. Captrust Financial Advisors now owns 2,738 shares of the specialty retailer’s stock worth $58,000 after buying an additional 849 shares during the period. SeaCrest Wealth Management LLC acquired a new stake in shares of Nordstrom during the 2nd quarter worth approximately $66,000. Rockefeller Capital Management L.P. grew its position in shares of Nordstrom by 1,224.5% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 4,225 shares of the specialty retailer’s stock worth $69,000 after buying an additional 3,906 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in shares of Nordstrom during the 2nd quarter worth approximately $151,000. Finally, Wedge Capital Management L L P NC acquired a new stake in shares of Nordstrom during the 3rd quarter worth approximately $177,000. Institutional investors and hedge funds own 66.41% of the company’s stock.
Nordstrom Stock Performance
Shares of JWN stock opened at $18.24 on Monday. The company’s fifty day simple moving average is $19.44 and its 200-day simple moving average is $19.08. The company has a quick ratio of 0.42, a current ratio of 1.07 and a debt-to-equity ratio of 3.86. The firm has a market cap of $2.92 billion, a PE ratio of 12.08, a P/E/G ratio of 1.62 and a beta of 2.24. Nordstrom, Inc. has a 12 month low of $15.52 and a 12 month high of $29.59.
Nordstrom Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 29th. Stockholders of record on Tuesday, March 14th will be given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.17%. The ex-dividend date is Monday, March 13th. Nordstrom’s dividend payout ratio is presently 50.33%.
Analyst Ratings Changes
JWN has been the subject of several analyst reports. Argus upgraded shares of Nordstrom from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a research report on Wednesday, March 8th. Telsey Advisory Group lifted their price objective on shares of Nordstrom from $19.00 to $21.00 and gave the stock a “market perform” rating in a research note on Friday, March 3rd. Morgan Stanley reduced their price objective on shares of Nordstrom from $21.00 to $19.00 and set an “underweight” rating on the stock in a research note on Monday, January 23rd. StockNews.com lowered shares of Nordstrom from a “buy” rating to a “hold” rating in a research note on Monday, December 12th. Finally, Gordon Haskett raised shares of Nordstrom from a “reduce” rating to a “hold” rating and set a $22.00 price objective on the stock in a research note on Friday, February 3rd. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Nordstrom currently has an average rating of “Hold” and a consensus price target of $19.61.
Nordstrom, Inc engages in the manufacture and trade of clothes, shoes, and accessories. It operates through the following segments: Retail and Corporate/Other. The Retail segment consists of a selection of high-quality, brand-name, and private label merchandise, which includes apparel, shoes, cosmetics, and accessories for women, men, young adults, and children.
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