BlueCrest Capital Management Ltd bought a new stake in Nordstrom, Inc. (NYSE:JWN) in the 4th quarter, Holdings Channel reports. The institutional investor bought 15,763 shares of the specialty retailer’s stock, valued at approximately $747,000.
Other large investors have also recently modified their holdings of the company. Buckley Wealth Management LLC acquired a new position in shares of Nordstrom in the 4th quarter valued at approximately $625,000. Evergreen Capital Management LLC raised its position in shares of Nordstrom by 233.6% in the 3rd quarter. Evergreen Capital Management LLC now owns 284,681 shares of the specialty retailer’s stock valued at $13,423,000 after buying an additional 199,339 shares in the last quarter. Wealthstreet Investment Advisors LLC acquired a new position in shares of Nordstrom in the 4th quarter valued at approximately $332,000. Schwab Charles Investment Management Inc. raised its position in shares of Nordstrom by 26.8% in the 3rd 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 in the last quarter. Finally, ING Groep NV raised its position in shares of Nordstrom by 62.5% in the 3rd quarter. ING Groep NV now owns 10,057 shares of the specialty retailer’s stock valued at $474,000 after buying an additional 3,868 shares in the last quarter. Institutional investors own 59.01% of the company’s stock.
Nordstrom, Inc. (JWN) opened at $49.48 on Thursday. Nordstrom, Inc. has a 12-month low of $37.79 and a 12-month high of $54.00. The company has a current ratio of 1.07, a quick ratio of 0.45 and a debt-to-equity ratio of 2.74. The stock has a market cap of $8,240.00, a P/E ratio of 17.12, a P/E/G ratio of 2.43 and a beta of 0.81.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 20th. Shareholders of record on Monday, March 5th will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date of this dividend is Friday, March 2nd. Nordstrom’s payout ratio is 51.21%.
Several equities analysts have recently commented on the stock. Credit Suisse Group assumed coverage on shares of Nordstrom in a research report on Monday. They issued a “neutral” rating and a $54.00 target price for the company. TheStreet upgraded shares of Nordstrom from a “c+” rating to a “b-” rating in a research report on Friday, March 2nd. BMO Capital Markets boosted their target price on shares of Nordstrom from $50.00 to $55.00 and gave the company a “market perform” rating in a research report on Monday, March 5th. Robert W. Baird restated a “neutral” rating on shares of Nordstrom in a research report on Friday, March 2nd. Finally, Royal Bank of Canada set a $49.00 target price on shares of Nordstrom and gave the company a “hold” rating in a research report on Friday, March 2nd. Two equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and six have assigned a buy rating to the stock. Nordstrom currently has a consensus rating of “Hold” and a consensus price target of $48.92.
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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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