Madison Investment Holdings Has Lifted Nordstrom (JWN) Holding By $846000; Nuveen Senior Income Fund (NSL
Schwab Charles Investment Management Inc. lifted its position in Nordstrom by 10.0% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 797,763 shares of the specialty retailer's stock valued at $37,615,000 after buying an additional 168,724 shares during the last quarter. Janus Henderson Group PLC lifted its stake in shares of Nordstrom by 22.7% in the second quarter. Analysts had expected revenue of $4.62 billion. Wealthstreet Investment Advisors LLC purchased a new stake in shares of Nordstrom in the fourth quarter worth approximately $332,000. Advisory Services Network LLC now owns 3,452 shares of the specialty retailer's stock valued at $165,000 after buying an additional 1,018 shares in the last quarter. APG Asset Management N.V. grew its stake in shares of Nordstrom by 6.8% during the third quarter. Cognios Capital LLC now owns 43,394 shares of the specialty retailer's stock worth $2,054,000 after buying an additional 1,149 shares during the last quarter.
At the moment 24 analysts are watching Nordstrom, Inc. (NYSE:JWN). Washington Tru Comml Bank holds 0.2% of its portfolio in Nordstrom, Inc. The company has a market capitalization of $8,550.00, a P/E ratio of 18.00, a PEG ratio of 2.76 and a beta of 0.90. The stock's 52-week range is $37.79 to $54.00. The company has a quick ratio of 0.30, a current ratio of 1.00 and a debt-to-equity ratio of 3.14. Its shares fell almost 4 percent in extended trading.
The Seattle-based upscale retailer reported Q4 earnings per share (EPS) of $1.20, which was $0.03 worse than the Wall Street consensus estimate of $1.23. Nordstrom had a return on equity of 67.44% and a net margin of 3.25%.
Sales for the three-month period ended February 3 reached $4.7 billion, helped by an extra week of selling in the quarter, up 8.9 percent from $4.32 billion in the year-earlier period. During the same quarter in the previous year, the business posted $1.27 EPS.
For the full year, Nordstrom said its net sales increased 4.4 percent to $15.1 billion and comparable sales increased 0.8 percent, slightly exceeding the company's prior outlook for sales growth of 4.2 percent and comparable sales increase of approximately 0.5 percent.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 20th. Investors of record on Monday, March 5th will be issued a dividend of $0.37 per share. The stock decreased 2.48% or $1.27 during the last trading session, reaching $50.04. (JWN) Ex-Dividend Date Scheduled for March 02, 2018" published on March 01, 2018 as well as Bloomberg.com's news article titled: "Nordstrom Declines After Weaker Profit Clouds Comeback Plan" with publication date: "March 01, 2018. The biggest holder now is Bruce A. Nordstrom who owns 9,097,870 shares (5.46% of those outstanding), whilst Erik B. Nordstrom holds 2,427,710 (1.46% of shares outstanding) and Peter E. Nordstrom holds 2,311,672 (1.39% of shares outstanding).
Total shares held by institutions as of the most recent company filings are 106,563,893 with a reported 6,343,122 bought and 14,923,054 sold. Canaccord Genuity initiated the stock with "Hold" rating in Monday, July 18 report. Robert W. Baird set a $49.00 price objective on Nordstrom and gave the stock a "hold" rating in a report on Friday, December 22nd. William Blair lowered Nordstrom from an "outperform" rating to a "market perform" rating in a research note on Tuesday, January 23rd. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and seven have issued a buy rating to the stock. Piper Jaffray Companies set a $48.00 price target on Nordstrom and gave the company a "hold" rating in a research note on Thursday.
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