Nordstrom, Inc. (NYSE:JWN) Trading Down Today - Down by 5.11%

  • Nordstrom, Inc. (NYSE:JWN) Trading Down Today - Down by 5.11%

Nordstrom, Inc. (NYSE:JWN) Trading Down Today - Down by 5.11%

The stock witnessed -13.56% declines, -12.69% declines and -12.33% declines for the 1-month, 3-month and 6-month period, respectively. That puts total institutional holdings at 108,695,707 shares, according to SEC filings.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. The dividend payment was $0.370 per share for the quarter which comes to $1.48 on an annualized basis. Patten & Patten Inc/tn controls 9,325 shares worth $440,000. Gemmer Asset Management LLC lifted its position in shares of Nordstrom by 0.8% in the 2nd quarter.

Nordstrom, Inc is a fashion specialty retailer in the United States. The value of the investment in Nordstrom, Inc. increased from $455,000 to $462,000 a change of $7,000 since the last quarter. Sonora Investment Management, LLC now owns 1,200 shares worth $56,580,000.

Confluence Investment Management LLC downsized its ownership by shedding 3,572 shares a decrease of 1.5%. The family said it would restart its search for a partner to take the company private after the holiday season, but the news understandably caused the stock to sell off as investors had hoped to reap a premium in a takeover.

JWN has been the subject of a number of recent analyst reports. Cowen and Company reiterated a "buy" rating and issued a $49.00 target price on shares of Nordstrom in a research report on Friday, August 11th. (JWN) in trading session dated April 03, 2017. Zacks Investment Research upgraded shares of Nordstrom from a "hold" rating to a "buy" rating and set a $53.00 target price for the company in a research report on Thursday, August 10th. Vetr lowered shares of Nordstrom from a "buy" rating to a "hold" rating and set a $43.99 target price for the a research report on Monday, June 12th. Also, there are 1 buy, 1 sell and 2 strong sell ratings, collectively assigning a 2.71 average brokerage recommendation. The stock now has an average rating of "Hold" and an average target price of $47.77. Despite being one of the better performing department stores, Nordstrom has seen its shares plummet in the previous year on concerns about mall traffic and the loss of market share to other retailers.

(NYSE:JWN) is now down by 5.11% since yesterday's close of 42.65 and has one of the biggest price drops of the day. The stock had a trading volume of 1,268,153 shares.

Nordstrom, Inc. now has a P/E ratio of 19.64 and the market value is 6.89B. The 50 day moving average was down $-5.03 or -11.06% and the 200 day average was down $-5.34. Nordstrom shares are off 33% from a 52-week high.

Nordstrom (NYSE:JWN) last announced its quarterly earnings results on Thursday, August 10th. The specialty retailer reported $0.65 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.62 by $0.03. The firm had revenue of $3.72 billion during the quarter, compared to analysts' expectations of $3.70 billion. This company shares are 15.3% off its target price of $46.58 and the current market capitalization stands at $6.71B. Next quarter's EPS is expected be $1.31 with next year's EPS anticipated to be $3.04.