Nordstrom, Inc. (JWN) Position Boosted by FineMark National Bank & Trust

FineMark National Bank & Trust raised its position in shares of Nordstrom, Inc. (NYSE:JWN) by 2.1% during the second quarter, according to its most recent filing with the SEC. The fund owned 6,156 shares of the specialty retailer’s stock after buying an additional 128 shares during the period. FineMark National Bank & Trust’s holdings in Nordstrom were worth $294,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in JWN. Cribstone Capital Management LLC boosted its position in shares of Nordstrom by 2,530.2% in the first quarter. Cribstone Capital Management LLC now owns 7,233 shares of the specialty retailer’s stock worth $322,000 after buying an additional 6,958 shares during the last quarter. Merriman Wealth Management LLC boosted its position in shares of Nordstrom by 5.4% in the first quarter. Merriman Wealth Management LLC now owns 5,922 shares of the specialty retailer’s stock worth $276,000 after buying an additional 304 shares in the last quarter. Cutler Group LP boosted its position in shares of Nordstrom by 5,147.8% in the first quarter. Cutler Group LP now owns 5,930 shares of the specialty retailer’s stock worth $276,000 after buying an additional 5,817 shares in the last quarter. Gulf International Bank UK Ltd boosted its position in shares of Nordstrom by 0.9% in the first quarter. Gulf International Bank UK Ltd now owns 43,475 shares of the specialty retailer’s stock worth $2,024,000 after buying an additional 400 shares in the last quarter. Finally, Boltwood Capital Management boosted its position in shares of Nordstrom by 15.8% in the first quarter. Boltwood Capital Management now owns 19,630 shares of the specialty retailer’s stock worth $914,000 after buying an additional 2,675 shares in the last quarter. 64.36% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Nordstrom, Inc. (NYSE:JWN) traded up 0.07% during mid-day trading on Friday, hitting $44.90. 6,548,321 shares of the company traded hands. The stock has a market capitalization of $7.46 billion, a price-to-earnings ratio of 21.27 and a beta of 0.83. The firm has a 50-day moving average of $47.32 and a 200-day moving average of $45.51. Nordstrom, Inc. has a one year low of $39.53 and a one year high of $62.82.

Nordstrom (NYSE:JWN) last posted its quarterly earnings results on Thursday, August 10th. The specialty retailer reported $0.65 EPS for the quarter, topping the consensus estimate of $0.62 by $0.03. The firm had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.70 billion. Nordstrom had a net margin of 2.44% and a return on equity of 71.19%. The business’s revenue was up 3.5% compared to the same quarter last year. During the same period last year, the firm posted $0.67 earnings per share. On average, equities analysts predict that Nordstrom, Inc. will post $2.96 earnings per share for the current year.

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A number of equities analysts have recently weighed in on JWN shares. TheStreet cut shares of Nordstrom from a “b-” rating to a “c” rating in a research report on Thursday, May 11th. Atlantic Securities raised shares of Nordstrom from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $45.00 to $58.00 in a research report on Thursday, May 4th. Zacks Investment Research raised shares of Nordstrom from a “sell” rating to a “hold” rating in a research report on Wednesday, May 10th. Maxim Group set a $61.00 price target on shares of Nordstrom and gave the stock a “buy” rating in a research report on Thursday, May 4th. Finally, Vetr raised shares of Nordstrom from a “buy” rating to a “strong-buy” rating and set a $53.07 price target on the stock in a research report on Tuesday, April 18th. Five analysts have rated the stock with a sell rating, seventeen have given a hold rating and eight have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $47.34.

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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