Amalgamated Bank increased its position in Nordstrom, Inc. (NYSE:JWN) by 5.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,208 shares of the specialty retailer’s stock after acquiring an additional 1,257 shares during the quarter. Amalgamated Bank’s holdings in Nordstrom were worth $1,194,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. San Francisco Sentry Investment Group CA increased its holdings in Nordstrom by 1,752.0% in the 3rd quarter. San Francisco Sentry Investment Group CA now owns 2,315 shares of the specialty retailer’s stock worth $109,000 after acquiring an additional 2,190 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in Nordstrom in the 4th quarter worth approximately $115,000. Cerebellum GP LLC purchased a new stake in Nordstrom in the 4th quarter worth approximately $131,000. Calton & Associates Inc. purchased a new stake in Nordstrom in the 4th quarter worth approximately $153,000. Finally, Steward Partners Investment Advisory LLC purchased a new stake in Nordstrom in the 3rd quarter worth approximately $258,000. 59.01% of the stock is owned by institutional investors.
Nordstrom, Inc. (NYSE:JWN) opened at $49.85 on Tuesday. 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 company has a market capitalization of $8,300.00, a P/E ratio of 17.25, a PEG ratio of 2.44 and a beta of 0.81. Nordstrom, Inc. has a 52-week low of $37.79 and a 52-week high of $54.00.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 20th. Stockholders of record on Monday, March 5th will be given a dividend of $0.37 per share. The ex-dividend date is Friday, March 2nd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.97%. Nordstrom’s dividend payout ratio is currently 51.21%.
Several research firms recently issued reports on JWN. Piper Jaffray Companies set a $48.00 target price on shares of Nordstrom and gave the stock a “hold” rating in a report on Thursday, March 1st. Credit Suisse Group began coverage on shares of Nordstrom in a report on Monday. They issued a “neutral” rating and a $54.00 target price for the company. BMO Capital Markets set a $50.00 target price on shares of Nordstrom and gave the stock a “hold” rating in a report on Friday, January 12th. Zacks Investment Research raised shares of Nordstrom from a “hold” rating to a “buy” rating and set a $56.00 target price for the company in a report on Monday, January 15th. Finally, Robert W. Baird set a $53.00 target price on shares of Nordstrom and gave the stock a “hold” rating in a report on Thursday, March 1st. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $48.92.
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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