Garde Capital Inc. Has $322,000 Stake in Nordstrom, Inc. (NYSE:JWN)

Garde Capital Inc. continued to hold its stake in shares of Nordstrom, Inc. (NYSE:JWN) during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 6,742 shares of the specialty retailer’s stock at the end of the second quarter. Garde Capital Inc.’s holdings in Nordstrom were worth $322,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. FMR LLC increased its stake in Nordstrom by 42.2% in the fourth quarter. FMR LLC now owns 181,943 shares of the specialty retailer’s stock worth $8,720,000 after buying an additional 54,007 shares in the last quarter. Kentucky Retirement Systems acquired a new position in shares of Nordstrom during the fourth quarter worth approximately $404,000. Macquarie Group Ltd. boosted its position in shares of Nordstrom by 421.1% in the fourth quarter. Macquarie Group Ltd. now owns 49,000 shares of the specialty retailer’s stock worth $2,348,000 after buying an additional 39,596 shares during the last quarter. Centre Asset Management LLC acquired a new position in shares of Nordstrom during the first quarter worth approximately $3,931,000. Finally, Rosenbaum Jay D. boosted its position in shares of Nordstrom by 20.4% in the first quarter. Rosenbaum Jay D. now owns 5,905 shares of the specialty retailer’s stock worth $275,000 after buying an additional 1,000 shares during the last quarter. Institutional investors and hedge funds own 66.53% of the company’s stock.

Shares of Nordstrom, Inc. (NYSE:JWN) traded down 0.25% during midday trading on Friday, reaching $44.33. 1,284,938 shares of the company traded hands. The stock’s 50-day moving average is $46.88 and its 200-day moving average is $45.53. Nordstrom, Inc. has a 1-year low of $39.53 and a 1-year high of $62.82. The stock has a market capitalization of $7.37 billion, a P/E ratio of 21.00 and a beta of 0.83.

Nordstrom (NYSE:JWN) last issued its quarterly earnings data on Thursday, August 10th. The specialty retailer reported $0.65 EPS for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.03. Nordstrom had a return on equity of 71.57% and a net margin of 2.44%. The firm had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.70 billion. During the same period in the prior year, the business earned $0.67 EPS. The firm’s revenue was up 3.5% on a year-over-year basis. Equities analysts predict that Nordstrom, Inc. will post $2.97 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 12th. Stockholders of record on Monday, August 28th will be issued a $0.37 dividend. The ex-dividend date of this dividend is Thursday, August 24th. This represents a $1.48 annualized dividend and a dividend yield of 3.34%. Nordstrom’s dividend payout ratio (DPR) is 70.14%.

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Several brokerages recently issued reports on JWN. BMO Capital Markets set a $48.00 price objective on shares of Nordstrom and gave the stock a “hold” rating in a research note on Saturday, May 13th. Robert W. Baird set a $50.00 price objective on shares of Nordstrom and gave the stock a “hold” rating in a research note on Saturday, May 13th. Piper Jaffray Companies set a $42.00 price objective on shares of Nordstrom and gave the company a “hold” rating in a research report on Saturday, May 13th. UBS AG restated a “buy” rating and set a $51.00 price objective on shares of Nordstrom in a research report on Monday, May 15th. Finally, Wolfe Research increased their price objective on shares of Nordstrom from $45.00 to $47.00 and gave the company an “outperform” rating in a research report on Friday, August 11th. Four research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eight have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $48.10.

Nordstrom Company Profile

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.

Institutional Ownership by Quarter for Nordstrom (NYSE:JWN)

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