Sumitomo Mitsui Trust Holdings Inc. Sells 11,701 Shares of Nordstrom, Inc. (JWN)

Sumitomo Mitsui Trust Holdings Inc. trimmed its position in shares of Nordstrom, Inc. (NYSE:JWN) by 3.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 370,879 shares of the specialty retailer’s stock after selling 11,701 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.22% of Nordstrom worth $17,487,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Kwmg LLC boosted its position in Nordstrom by 5.9% during the 3rd quarter. Kwmg LLC now owns 37,169 shares of the specialty retailer’s stock valued at $1,753,000 after acquiring an additional 2,075 shares in the last quarter. Comerica Bank boosted its position in shares of Nordstrom by 6.1% in the 3rd quarter. Comerica Bank now owns 31,177 shares of the specialty retailer’s stock worth $1,247,000 after purchasing an additional 1,780 shares in the last quarter. Toronto Dominion Bank boosted its position in shares of Nordstrom by 17.4% in the 3rd quarter. Toronto Dominion Bank now owns 44,487 shares of the specialty retailer’s stock worth $2,098,000 after purchasing an additional 6,598 shares in the last quarter. Retirement Systems of Alabama boosted its position in shares of Nordstrom by 4.7% in the 3rd quarter. Retirement Systems of Alabama now owns 56,455 shares of the specialty retailer’s stock worth $2,662,000 after purchasing an additional 2,512 shares in the last quarter. Finally, Grimes & Company Inc. boosted its position in shares of Nordstrom by 1.4% in the 3rd quarter. Grimes & Company Inc. now owns 116,147 shares of the specialty retailer’s stock worth $5,476,000 after purchasing an additional 1,566 shares in the last quarter. 57.74% of the stock is currently owned by institutional investors and hedge funds.

Shares of Nordstrom, Inc. (NYSE JWN) opened at $46.28 on Wednesday. Nordstrom, Inc. has a 52 week low of $37.79 and a 52 week high of $61.85. The company has a current ratio of 1.00, a quick ratio of 0.30 and a debt-to-equity ratio of 3.14. The firm has a market cap of $7,872.68, a P/E ratio of 15.15, a P/E/G ratio of 2.67 and a beta of 0.90.

Nordstrom (NYSE:JWN) last announced its quarterly earnings data on Thursday, November 9th. The specialty retailer reported $0.67 EPS for the quarter, beating the Zacks’ 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 company had revenue of $3.54 billion for the quarter, compared to the consensus estimate of $3.50 billion. During the same period in the prior year, the firm posted $0.84 EPS. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. analysts predict that Nordstrom, Inc. will post 2.95 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Monday, November 27th will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 3.20%. The ex-dividend date is Friday, November 24th. Nordstrom’s payout ratio is 52.11%.

A number of brokerages recently weighed in on JWN. Zacks Investment Research lowered shares of Nordstrom from a “hold” rating to a “sell” rating in a report on Tuesday, November 14th. BMO Capital Markets set a $44.00 price objective on Nordstrom and gave the stock a “hold” rating in a research note on Monday, November 13th. Cowen restated a “buy” rating and issued a $50.00 price objective on shares of Nordstrom in a research note on Friday, November 10th. Bank of America dropped their target price on shares of Nordstrom from $40.00 to $35.00 and set an “underperform” rating for the company in a report on Friday, November 10th. Finally, J P Morgan Chase & Co reaffirmed a “sell” rating and issued a $33.00 target price on shares of Nordstrom in a report on Friday, November 10th. Five investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and seven have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $45.33.

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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)

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