(NYSE:JWN) will report sales of $3.73 billion for the current fiscal quarter, according to Zacks Investment Research. The institutional investor owned 10,136 shares of the specialty retailer's stock after selling 49 shares during the period. NORDSTROM PETER E also sold $147,544 worth of Nordstrom, Inc. Teachers Advisors, LLC bolstered its investment by buying 16,794 shares an increase of 8.2% in the quarter. Finally, Toronto Dominion Bank boosted its position in Nordstrom by 53.4% in the first quarter. Bank of New York Mellon Corp now owns 7,896,754 shares of the specialty retailer's stock valued at $367,753,000 after buying an additional 1,364,328 shares during the last quarter.
Nordstrom's results were better than that of peers like Macy's, Kohl's, and Dillards, all of which released quarterly results before markets opened this morning.
Several other institutional investors have also recently bought and sold shares of the stock. State of Alaska Department of Revenue now owns 9,520 shares of the specialty retailer's stock worth $455,000 after buying an additional 140 shares during the last quarter.
Shares rose 2.3% to $45.92 in after-hours trading Thursday.
Shares of Nordstrom, Inc. (NYSE:JWN). Ranger Inv Management LP has invested 0.02% in Nordstrom, Inc.
Nordstrom Inc. said its second-quarter profit declined 6 percent, but it reported encouraging sales growth. The 50 day moving average went down $-2.56 or -5.39% and the 200 day average was down $-0.64. The company has market cap of $7.30 billion. The specialty retailer reported $0.65 EPS for the quarter, beating the consensus estimate of $0.64 by $0.01. Ken Stern & Associates Inc. raised its position in Nordstrom by 2.7% in the first quarter.
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.
Consensus estimates call for third-quarter EPS of $0.64 on revenues of $3.59 billion. The value of the company's investment in Nordstrom, Inc. increased from $9,535,000 to $10,597,000 a change of 11.1% since the last quarter.
COPYRIGHT VIOLATION WARNING: This news story was originally reported by BBNS and is owned by of BBNS. Smith Asset Grp L P, a Texas-based fund reported 1.34M shares. If you are viewing this story on another publication, it was copied illegally and republished in violation of United States & worldwide trademark and copyright legislation. The correct version of this article can be accessed at https://weekherald.com/2017/08/11/chevy-chase-trust-holdings-inc-sells-2341-shares-of-nordstrom-inc-nysejwn-updated-updated.html. (JWN) has the trading volume of 5.43 Million shares with the average trading volume of 1980 shares. Piper Jaffray has "Hold" rating and $4200 target. Finally, Credit Suisse Group restated a "neutral" rating and issued a $52.00 target price on shares of Nordstrom in a research note on Monday, June 12th. They set an "accumulate" rating and a $54.00 target price for the company. Five investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and seven have issued a buy rating to the company's stock. The stock has a consensus rating of "Hold" and a consensus price target of $47.36. Arizona State Retirement has invested 0.03% of its portfolio in Nordstrom, Inc. The Company's primary internal focus is to leverage its cell-free molecular diagnostic platform to facilitate improvements in the field of oncology, while its external focus includes entering into license agreements or collaborations to develop its technology in areas, such as infectious disease, transplant medicine and prenatal genetics.