11 August, 2017
Messner & Smith Theme Value Investment Management Ltd Ca owns 34,075 shares or 0.12% of their U.S. portfolio. 67% shares of the company were owned by institutional investors. Bank of New York Mellon Corp raised its position in shares of Nordstrom by 37.8% in the second quarter. Total company same-store sales rose 1.7%, also better than expected.
Dean Investment Associates Llc increased Dillards Inc (NYSE:DDS) stake by 9,505 shares to 53,505 valued at $3.35M in 2016Q4. Skandinaviska Enskilda Banken AB publ raised its position in shares of Nordstrom by 32.2% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,467 shares of the specialty retailer's stock worth $151,000 after buying an additional 180 shares during the last quarter. The firm bought 13,480 shares of the specialty retailer's stock, valued at approximately $645,000.
COPYRIGHT VIOLATION NOTICE: "Brokerages Anticipate Nordstrom, Inc". (NYSE:JWN) opened at 44.87 on Friday. The stock has a market capitalization of $7.57 billion, a PE ratio of 21.34 and a beta of 0.83. Nordstrom, Inc. The firm's 50 day moving average price is $47.43 and its 200-day moving average price is $45.51. The stock of Nordstrom, Inc.
Nordstrom, Inc. (NYSE:JWN) reported Q2 17 earnings this Afternoon, coming in at $0.65 per share, beating Wall Street's estimates of $0.64 per Share.
The upscale department store retailer reported that total net sales increased 3.5% to $3.79 billion in the quarter ended July 29, compared to a forecast for $3.75 billion. Nordstrom had a return on equity of 69.16% and a net margin of 2.51%.
Overall quarterly revenue for Nordstrom came in at $3.79 billion - up almost 4 percent from a year ago and beating Wall Street estimates of $3.73 billion, according to a Zacks consensus estimate. (JWN) is 0.37 while the analysts predicted the EPS of the stock to be 0.27 suggesting the company fell short of the analysts' expectations.
Nordstrom, which has fought back by investing in its own off-price discount chain, Nordstrom Rack, said off-price comparable sales rose 3.1 percent during the quarter, boosted by sales at its Nordstromrack.com website. For the next fiscal year, analysts expect that the business will post sales of $15.49 billion per share, with estimates ranging from $15.34 billion to $15.78 billion.
COPYRIGHT VIOLATION WARNING: "Nordstrom, Inc". (NYSE:JWN) shares were sold by LITTLE DANIEL F. If you are viewing this piece of content on another site, it was illegally stolen and republished in violation of United States and global trademark & copyright legislation. Finally, Royal Bank Of Canada set a $45.00 target price on shares of Nordstrom and gave the company a "hold" rating in a research report on Monday, June 19th. J P Morgan Chase & Co restated an "underweight" rating and issued a $48.00 target price on shares of Nordstrom in a research note on Friday, July 14th. Piper Jaffray Companies set a $42.00 target price on shares of Nordstrom and gave the company a "hold" rating in a research report on Saturday, May 13th. UBS Group AG reaffirmed a "buy" rating and issued a $51.00 target price on shares of Nordstrom in a research report on Monday, May 15th.
These are 4 Sell Ratings, 14 Hold Ratings, 6 Buy Ratings. Nordstrom presently has an average rating of "Hold" and an average target price of $47.36. NEXT Financial Group Inc now owns 2,642 shares of the specialty retailer's stock worth $126,000 after buying an additional 942 shares during the last quarter. The Company's divisions include Retail and Credit.
