Nordstrom, Inc. (JWN) Shares Bought by Great West Life Assurance Co. Can

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Great West Life Assurance Co. Can increased its stake in Nordstrom, Inc. (NYSE:JWN) by 69.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 169,041 shares of the specialty retailer’s stock after acquiring an additional 69,315 shares during the quarter. Great West Life Assurance Co. Can’s holdings in Nordstrom were worth $7,470,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of JWN. Oregon Public Employees Retirement Fund increased its stake in shares of Nordstrom by 4,156.2% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,898,862 shares of the specialty retailer’s stock worth $62,000 after buying an additional 2,830,753 shares during the last quarter. Boston Partners increased its stake in shares of Nordstrom by 57.5% in the fourth quarter. Boston Partners now owns 6,346,355 shares of the specialty retailer’s stock worth $295,804,000 after buying an additional 2,318,179 shares during the last quarter. BlackRock Inc. increased its stake in shares of Nordstrom by 10.5% in the third quarter. BlackRock Inc. now owns 9,865,556 shares of the specialty retailer’s stock worth $590,062,000 after buying an additional 933,720 shares during the last quarter. TIAA CREF Investment Management LLC increased its stake in shares of Nordstrom by 92.5% in the third quarter. TIAA CREF Investment Management LLC now owns 1,358,979 shares of the specialty retailer’s stock worth $81,281,000 after buying an additional 653,173 shares during the last quarter. Finally, Unigestion Holding SA increased its stake in shares of Nordstrom by 533.8% in the fourth quarter. Unigestion Holding SA now owns 651,325 shares of the specialty retailer’s stock worth $30,358,000 after buying an additional 548,553 shares during the last quarter. Institutional investors and hedge funds own 60.50% of the company’s stock.

Several research firms have weighed in on JWN. Credit Suisse Group lowered their target price on shares of Nordstrom from $55.00 to $50.00 and set a “positive” rating for the company in a research note on Wednesday, January 16th. Zacks Investment Research upgraded shares of Nordstrom from a “hold” rating to a “buy” rating and set a $57.00 target price for the company in a research note on Friday, December 7th. Goldman Sachs Group set a $73.00 target price on shares of Nordstrom and gave the company a “buy” rating in a research note on Friday, November 16th. Citigroup lowered their target price on shares of Nordstrom from $62.00 to $56.00 and set a “neutral” rating for the company in a research note on Friday, November 16th. Finally, Nomura set a $53.00 target price on shares of Nordstrom and gave the company a “hold” rating in a research note on Monday, November 26th. Three research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have issued a buy rating to the stock. Nordstrom has an average rating of “Hold” and a consensus price target of $52.79.

In related news, insider Erik B. Nordstrom sold 1,169 shares of the company’s stock in a transaction dated Monday, February 25th. The shares were sold at an average price of $44.70, for a total value of $52,254.30. Following the completion of the sale, the insider now owns 2,671,406 shares of the company’s stock, valued at $119,411,848.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Erik B. Nordstrom sold 17,762 shares of the company’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $44.07, for a total transaction of $782,771.34. Following the completion of the sale, the insider now directly owns 2,653,314 shares of the company’s stock, valued at approximately $116,931,547.98. The disclosure for this sale can be found here. Corporate insiders own 7.05% of the company’s stock.

Nordstrom stock opened at $44.46 on Friday. The stock has a market cap of $7.44 billion, a PE ratio of 12.52, a PEG ratio of 1.97 and a beta of 0.54. The company has a debt-to-equity ratio of 3.07, a current ratio of 1.00 and a quick ratio of 0.41. Nordstrom, Inc. has a one year low of $43.04 and a one year high of $67.75.

Nordstrom (NYSE:JWN) last released its quarterly earnings results on Thursday, February 28th. The specialty retailer reported $1.48 EPS for the quarter, topping the consensus estimate of $1.42 by $0.06. Nordstrom had a net margin of 3.56% and a return on equity of 57.14%. During the same quarter last year, the company earned $1.20 earnings per share. Equities research analysts predict that Nordstrom, Inc. will post 3.76 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 26th. Investors of record on Monday, March 11th will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 3.33%. The ex-dividend date of this dividend is Friday, March 8th. Nordstrom’s payout ratio is currently 41.69%.

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Nordstrom Company Profile

Nordstrom, Inc, a fashion retailer, provides apparel, shoes, cosmetics, and accessories for women, men, young adults, and children. The company operates in two segments, Retail and Credit. The Retail segment offers a range of brand name and private label merchandise through various channels, including Nordstrom branded full-line stores and online store at Nordstrom.com; Nordstrom Rack stores; Nordstromrack.com and HauteLook; Trunk Club clubhouses and TrunkClub.com; Jeffrey boutiques; and clearance stores that operate under the Last Chance name.

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Institutional Ownership by Quarter for Nordstrom (NYSE:JWN)

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