D.A. Davidson & CO. Has $6.83 Million Stake in Nordstrom, Inc. (JWN)

D.A. Davidson & CO. lifted its stake in Nordstrom, Inc. (NYSE:JWN) by 1.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 142,877 shares of the specialty retailer’s stock after purchasing an additional 2,524 shares during the period. D.A. Davidson & CO. owned 0.09% of Nordstrom worth $6,833,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Parallel Advisors LLC increased its stake in shares of Nordstrom by 12.7% in the 1st quarter. Parallel Advisors LLC now owns 2,099 shares of the specialty retailer’s stock worth $104,000 after purchasing an additional 236 shares in the last quarter. Gemmer Asset Management LLC increased its stake in shares of Nordstrom by 0.8% in the 2nd quarter. Gemmer Asset Management LLC now owns 2,270 shares of the specialty retailer’s stock worth $109,000 after purchasing an additional 18 shares in the last quarter. NEXT Financial Group Inc increased its stake in shares of Nordstrom by 55.4% in the 2nd quarter. NEXT Financial Group Inc now owns 2,642 shares of the specialty retailer’s stock worth $126,000 after purchasing an additional 942 shares in the last quarter. Ameritas Investment Partners Inc. increased its stake in shares of Nordstrom by 6,460.5% in the 1st quarter. Ameritas Investment Partners Inc. now owns 2,821 shares of the specialty retailer’s stock worth $131,000 after purchasing an additional 2,778 shares in the last quarter. Finally, Sei Investments Co. increased its stake in shares of Nordstrom by 32.0% in the 2nd quarter. Sei Investments Co. now owns 3,177 shares of the specialty retailer’s stock worth $152,000 after purchasing an additional 771 shares in the last quarter. Hedge funds and other institutional investors own 63.14% of the company’s stock.

Several equities research analysts have recently commented on JWN shares. Gordon Haskett restated an “accumulate” rating on shares of Nordstrom in a research note on Friday, June 9th. Zacks Investment Research upgraded Nordstrom from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a research note on Thursday, August 10th. Credit Suisse Group restated a “buy” rating and issued a $52.00 price objective on shares of Nordstrom in a research note on Thursday, August 10th. Cowen and Company restated a “buy” rating and issued a $49.00 price objective on shares of Nordstrom in a research note on Friday, August 11th. Finally, Vetr lowered Nordstrom from a “buy” rating to a “hold” rating and set a $43.99 price objective for the company. in a research note on Monday, June 12th. Four research analysts have rated the stock with a sell rating, seventeen have given a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $48.26.

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Shares of Nordstrom, Inc. (NYSE:JWN) traded down 0.2832% on Wednesday, hitting $46.0891. 492,151 shares of the company were exchanged. The firm’s 50-day moving average is $45.72 and its 200-day moving average is $45.61. The stock has a market capitalization of $7.66 billion, a PE ratio of 21.8328 and a beta of 0.82. Nordstrom, Inc. has a 52-week low of $39.53 and a 52-week high of $62.82.

Nordstrom (NYSE:JWN) last announced its quarterly earnings data 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. Nordstrom had a net margin of 2.44% and a return on equity of 71.57%. The company had revenue of $3.72 billion during the quarter, compared to analysts’ expectations of $3.70 billion. During the same quarter in the prior year, the company earned $0.67 EPS. Nordstrom’s revenue was up 3.5% compared to the same quarter last year. Equities research analysts predict that Nordstrom, Inc. will post $2.97 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 12th. Investors of record on Monday, August 28th were paid a dividend of $0.37 per share. The ex-dividend date of this dividend was Thursday, August 24th. This represents a $1.48 annualized dividend and a yield of 3.20%. Nordstrom’s dividend payout ratio is presently 70.14%.

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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