Published: Fri, May 18, 2018
Business | By Tara Barton

Sumitomo Mitsui Trust Holdings Inc. Increases Position in Nordstrom (JWN)

Sumitomo Mitsui Trust Holdings Inc. Increases Position in Nordstrom (JWN)

Investors sentiment decreased to 0.96 in Q4 2017. Its down 0.18, from 1.14 in 2017Q3. Nordstrom's dividend payout ratio (DPR) is 50.00%. 60 funds amassed holdings and 144 increased holdings. Rhumbline Advisers invested in 224,683 shs. (NYSE:JWN). Johnson Finance Grp Incorporated stated it has 0% in Nordstrom, Inc. (NYSE:JWN). Bartlett & Com has 300 shs for 0% of their capital. Institute For Wealth Ltd Liability holds 0.11% or 10,047 shares in its portfolio. (NYSE:JWN) for 22,992 shs. The ratio dived due to Nordstrom, Inc. positioning: 68 sold and 144 reduced. Pathstone Family Office Limited Co has invested 0.02% in Nordstrom, Inc.

JWN stock was down about 0.2% during regular trading hours Thursday and fell a further 5.9% after the bell. Korea Investment Corp has 105,500 shs. The New York-based Stone Ridge Asset Llc has invested 0.05% in Nordstrom, Inc.

Nordstrom (NYSE:JWN) last issued its quarterly earnings data on Thursday, March 1st. (NYSE:JWN). Cwm Lc reported 0% in Nordstrom, Inc.

In other Nordstrom news, insider Ken Worzel sold 13,703 shares of the company's stock in a transaction that occurred on Wednesday, April 11th. Meden Scott A sold $509,300 worth of stock. Robert W. Baird maintained Nordstrom, Inc. (NYSE:JWN). Zurcher Kantonalbank (Zurich Cantonalbank) holds 23,624 shares. The firm had revenue of $4.60 billion for the quarter, compared to the consensus estimate of $4.57 billion. 7 analysts say it's a Hold while 0 analysts provided their expert opinion as Sell. The consensus estimates call for $0.44 in earnings per share (EPS) on $3.46 billion in revenue. Nordstrom, Inc. (NYSE:JWN) has risen 11.56% since May 17, 2017 and is uptrending. More interesting news about Nordstrom, Inc. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have given a buy rating to the company. (NYSE:JWN) has 20% bullish analysts.

RBC has a Hold rating with a $49 target price. Finally, Piper Jaffray set a $48.00 target price on Nordstrom and gave the company a "hold" rating in a research report on Thursday, March 1st. The stock witnessed 8.27% gains, 1.37% gains and 31.84% gains for the 1-month, 3-month and 6-month period, respectively. The company presently has a consensus rating of "Hold" and an average price target of $48.32. $52's average target is 4.29% above currents $49.86 stock price. Nordstrom had a return on equity of 60.72% and a net margin of 2.86%. (NYSE:JWN) for 23,424 shares.

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Robert Baird has a Neutral rating. On Friday, January 19 the firm has "Buy" rating by Cowen & Co given. On Wednesday, March 21 the stock rating was maintained by Susquehanna with "Hold". The titles are as follows: "Nordstrom: The Right Retail Formula" released on April 24, 2018, "Nordstrom: A Decent Performing But Fairly Priced Retailer" on April 26, 2018, "Nordstrom: Diamond In The Rough" with a publish date: April 30, 2018, "Game Plan For The Week - Cramer's Mad Money (5/11/18)" and the last "Upcoming Earnings: Department Store Macy's Reports On Wednesday Morning" with publication date: May 15, 2018. The stock of Nordstrom, Inc. (NYSE:JWN) for 478,768 shares. William Blair downgraded shares of Nordstrom from an "outperform" rating to a "market perform" rating in a report on Tuesday, January 23rd. (NYSE:JWN) to "Hold" rating.

Nordstrom, Inc., a fashion specialty retailer, provides apparel, shoes, cosmetics, and accessories for women, men, young adults, and children in the United States and Canada.

The retail giant announced that its first quarter of fiscal 2018 yielded earnings of $87 million, or 51 cents per share, which came in ahead of the company's earnings from the year-ago quarter of $63 million, or 37 cents per share. 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.

More notable recent Nordstrom, Inc.

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