DekaBank Deutsche Girozentrale Has $112,000 Stock Position in Nordstrom, Inc. (NYSE:JWN)

DekaBank Deutsche Girozentrale increased its position in Nordstrom, Inc. (NYSE:JWN) by 70.5% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 5,387 shares of the specialty retailer’s stock after purchasing an additional 2,227 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Nordstrom were worth $112,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in JWN. Register Financial Advisors LLC acquired a new stake in Nordstrom in the first quarter valued at approximately $30,000. Atlas Capital Advisors LLC grew its position in Nordstrom by 101.8% in the 2nd quarter. Atlas Capital Advisors LLC now owns 1,491 shares of the specialty retailer’s stock valued at $32,000 after purchasing an additional 752 shares during the period. Rothschild Investment LLC bought a new stake in Nordstrom during the 2nd quarter valued at $39,000. Blue Trust Inc. raised its holdings in Nordstrom by 10,045.8% during the second quarter. Blue Trust Inc. now owns 2,435 shares of the specialty retailer’s stock worth $49,000 after buying an additional 2,411 shares during the last quarter. Finally, Hexagon Capital Partners LLC lifted its stake in shares of Nordstrom by 33.1% in the first quarter. Hexagon Capital Partners LLC now owns 2,648 shares of the specialty retailer’s stock valued at $54,000 after buying an additional 659 shares in the last quarter. 88.73% of the stock is owned by institutional investors.

Nordstrom Stock Up 0.5 %

JWN opened at $23.02 on Friday. Nordstrom, Inc. has a twelve month low of $12.88 and a twelve month high of $24.03. The company’s 50-day moving average price is $22.20 and its two-hundred day moving average price is $20.92. The stock has a market cap of $3.77 billion, a price-to-earnings ratio of 12.58, a PEG ratio of 2.38 and a beta of 2.61. The company has a quick ratio of 0.41, a current ratio of 1.07 and a debt-to-equity ratio of 2.76.

Nordstrom (NYSE:JWN) last posted its quarterly earnings data on Tuesday, August 27th. The specialty retailer reported $0.96 EPS for the quarter, beating the consensus estimate of $0.71 by $0.25. Nordstrom had a negative return on equity of 21.26% and a negative net margin of 1.44%. The business had revenue of $3.89 billion for the quarter, compared to the consensus estimate of $3.88 billion. During the same quarter in the prior year, the business earned $0.84 earnings per share. Nordstrom’s revenue for the quarter was up 3.2% on a year-over-year basis. As a group, equities analysts expect that Nordstrom, Inc. will post 1.9 earnings per share for the current year.

Nordstrom Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Tuesday, September 3rd were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 3.30%. The ex-dividend date of this dividend was Tuesday, September 3rd. Nordstrom’s dividend payout ratio (DPR) is currently 41.53%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on JWN shares. Telsey Advisory Group boosted their target price on shares of Nordstrom from $23.00 to $24.00 and gave the stock a “market perform” rating in a research report on Wednesday, August 28th. The Goldman Sachs Group boosted their price objective on Nordstrom from $19.00 to $21.00 and gave the stock a “neutral” rating in a report on Wednesday, August 28th. TD Cowen raised their target price on Nordstrom from $24.00 to $25.00 and gave the company a “hold” rating in a report on Wednesday, August 28th. BMO Capital Markets upped their price target on Nordstrom from $20.00 to $22.00 and gave the stock a “market perform” rating in a report on Wednesday, August 28th. Finally, StockNews.com upgraded Nordstrom from a “hold” rating to a “buy” rating in a research note on Thursday, August 8th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Nordstrom has a consensus rating of “Hold” and a consensus price target of $20.23.

Nordstrom Profile

Nordstrom, Inc, a fashion retailer, provides apparels, shoes, beauty, accessories, and home goods for women, men, young adults, and children. It offers a range of brand-name and private-label merchandise through various channels, such as Nordstrom branded stores and online at Nordstrom.com; Nordstrom.ca; Nordstrom stores; Nordstrom Rack stores; Nordstrom Locals; ASOS; Nordstromrack.com; mobile application; and clearance stores under the Last Chance name.