US Bancorp DE Sells 9,242 Shares of Nordstrom, Inc. (NYSE:JWN)

US Bancorp DE decreased its stake in shares of Nordstrom, Inc. (NYSE:JWN) by 10.8% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 76,708 shares of the specialty retailer’s stock after selling 9,242 shares during the period. US Bancorp DE’s holdings in Nordstrom were worth $3,670,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in JWN. Gemmer Asset Management LLC boosted its position in shares of Nordstrom by 0.8% in the first quarter. Gemmer Asset Management LLC now owns 2,252 shares of the specialty retailer’s stock valued at $105,000 after buying an additional 18 shares in the last quarter. Mosaic Family Wealth LLC boosted its position in shares of Nordstrom by 3.8% in the first quarter. Mosaic Family Wealth LLC now owns 2,953 shares of the specialty retailer’s stock valued at $138,000 after buying an additional 109 shares in the last quarter. State of Alaska Department of Revenue boosted its position in shares of Nordstrom by 1.5% in the second quarter. State of Alaska Department of Revenue now owns 9,520 shares of the specialty retailer’s stock valued at $455,000 after buying an additional 140 shares in the last quarter. Ken Stern & Associates Inc. boosted its position in shares of Nordstrom by 2.7% in the first quarter. Ken Stern & Associates Inc. now owns 6,155 shares of the specialty retailer’s stock valued at $297,000 after buying an additional 159 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. boosted its position in shares of Nordstrom by 5.5% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,467 shares of the specialty retailer’s stock valued at $151,000 after buying an additional 180 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 down 0.06% during trading on Tuesday, reaching $47.46. 1,175,709 shares of the company traded hands. The stock’s 50 day moving average price is $47.44 and its 200-day moving average price is $45.41. The stock has a market cap of $7.88 billion, a P/E ratio of 22.22 and a beta of 0.83. Nordstrom, Inc. has a 12 month low of $39.05 and a 12 month high of $62.82.

COPYRIGHT VIOLATION NOTICE: “US Bancorp DE Sells 9,242 Shares of Nordstrom, Inc. (NYSE:JWN)” was posted by Markets Daily and is the property of of Markets Daily. If you are accessing this piece of content on another site, it was stolen and republished in violation of US and international trademark & copyright legislation. The legal version of this piece of content can be viewed at https://www.themarketsdaily.com/2017/08/08/nordstrom-inc-nysejwn-shares-sold-by-us-bancorp-de-updated.html.

JWN has been the topic of several recent research reports. Vetr cut shares of Nordstrom from a “strong-buy” rating to a “buy” rating and set a $48.92 price objective on the stock. in a research note on Monday, April 10th. Zacks Investment Research cut shares of Nordstrom from a “hold” rating to a “sell” rating in a research note on Wednesday, April 26th. TheStreet raised shares of Nordstrom from a “c” rating to a “b-” rating in a research note on Wednesday, April 26th. Atlantic Securities upgraded shares of Nordstrom from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $45.00 to $58.00 in a report on Thursday, May 4th. Finally, Maxim Group set a $61.00 target price on shares of Nordstrom and gave the stock a “buy” rating in a report on Thursday, May 4th. Five equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $47.23.

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)

Receive News & Ratings for Nordstrom Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nordstrom Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply