Meeder Asset Management Inc. Has $635,000 Holdings in Nordstrom, Inc. (JWN)

Meeder Asset Management Inc. lessened its holdings in shares of Nordstrom, Inc. (NYSE:JWN) by 18.6% in the first quarter, according to its most recent filing with the SEC. The firm owned 14,308 shares of the specialty retailer’s stock after selling 3,268 shares during the period. Meeder Asset Management Inc.’s holdings in Nordstrom were worth $635,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in JWN. CX Institutional acquired a new stake in Nordstrom during the 1st quarter worth $41,000. Financial Advocates Investment Management grew its holdings in shares of Nordstrom by 67.4% in the 4th quarter. Financial Advocates Investment Management now owns 2,357 shares of the specialty retailer’s stock valued at $58,000 after buying an additional 949 shares during the period. Oregon Public Employees Retirement Fund grew its holdings in shares of Nordstrom by 4,156.2% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,898,862 shares of the specialty retailer’s stock valued at $62,000 after buying an additional 2,830,753 shares during the period. NuWave Investment Management LLC grew its holdings in shares of Nordstrom by 66.2% in the 1st quarter. NuWave Investment Management LLC now owns 2,036 shares of the specialty retailer’s stock valued at $91,000 after buying an additional 811 shares during the period. Finally, We Are One Seven LLC acquired a new position in shares of Nordstrom in the 4th quarter valued at $92,000. 65.95% of the stock is owned by hedge funds and other institutional investors.

JWN has been the subject of several research analyst reports. JPMorgan Chase & Co. lowered shares of Nordstrom from a “neutral” rating to an “underweight” rating in a report on Wednesday, January 16th. Wolfe Research reissued a “peer perform” rating and issued a $44.00 price target (down previously from $53.00) on shares of Nordstrom in a report on Thursday, January 17th. Piper Jaffray Companies set a $44.00 price target on shares of Nordstrom and gave the company a “hold” rating in a report on Friday, March 1st. ValuEngine raised shares of Nordstrom from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. Finally, Deutsche Bank lowered shares of Nordstrom from a “buy” rating to a “hold” rating and set a $43.30 price target for the company. in a report on Friday, February 22nd. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $52.08.

Shares of NYSE JWN opened at $43.86 on Friday. The firm has a market capitalization of $6.80 billion, a P/E ratio of 12.15, a P/E/G ratio of 1.94 and a beta of 0.53. 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 1-year low of $42.54 and a 1-year high of $67.75.

Nordstrom (NYSE:JWN) last announced its earnings results on Thursday, February 28th. The specialty retailer reported $1.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.42 by $0.06. The firm had revenue of $4.48 billion during the quarter, compared to analyst estimates of $4.63 billion. Nordstrom had a net margin of 3.56% and a return on equity of 57.14%. During the same period in the prior year, the business earned $1.20 EPS. Sell-side analysts expect that Nordstrom, Inc. will post 3.77 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Monday, March 11th were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 3.37%. The ex-dividend date was Friday, March 8th. Nordstrom’s payout ratio is presently 41.69%.

In related news, insider Christine Deputy sold 13,124 shares of the company’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $42.61, for a total value of $559,213.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Erik B. Nordstrom sold 17,762 shares of the company’s stock in a transaction on 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 transaction, the insider now directly owns 2,653,314 shares of the company’s stock, valued at $116,931,547.98. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 49,180 shares of company stock valued at $2,164,864. Company insiders own 5.21% of the company’s stock.

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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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