Pensionfund Dsm Netherlands buys $3 Million stake in Nordstrom (JWN)

Nordstrom (JWN) : Pensionfund Dsm Netherlands scooped up 19,500 additional shares in Nordstrom during the most recent quarter end , according to a recent disclosure to the SEC on Apr 4, 2016. The investment management firm now holds a total of 59,500 shares of Nordstrom which is valued at $3 Million.Nordstrom makes up approximately 0.41% of Pensionfund Dsm Netherlands’s portfolio.

Other Hedge Funds, Including ,

On the company’s financial health, Nordstrom reported $1.17 EPS for the quarter, missing the analyst consensus estimate by $ -0.07 based on the information available during the earnings call on Feb 18, 2016. Analyst had a consensus of $1.24. The company had revenue of $4143.00 million for the quarter, compared to analysts expectations of $4171.52 million. The company’s revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.32 EPS.

Many Wall Street Analysts have commented on Nordstrom. Company shares were Reiterated by Stifel on Mar 29, 2016 to “Buy”, Firm has raised the Price Target to $ 66 from a previous price target of $60 .Nordstrom was Downgraded by Piper Jaffray to ” Neutral” on Mar 21, 2016. Miller Tabak Initiated Nordstrom on Mar 8, 2016 to “Sell”, Price Target of the shares are set at $42.

Nordstrom closed down -0.3 points or -0.59% at $50.84 with 30,40,183 shares getting traded on Monday. Post opening the session at $51.23, the shares hit an intraday low of $50.65 and an intraday high of $51.44 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

Nordstrom Inc. is a fashion specialty retailer in the United States. The company operates through two segments: Retail and Credit. The Retail segment includes approximately 115 Nordstrom branded full-line stores in the United States and approximately 167 off-price Nordstrom Rack stores two Canada full-line stores and HauteLook and other retail channels including five Trunk Club showrooms and its two Jeffrey boutiques and one clearance store that operates under the name Last Chance. Credit segment includes its wholly owned federal savings bank Nordstrom fsb through which it provides a private label credit card two Nordstrom VISA credit cards and a debit card. The Company operated 290 United States stores located in 38 states as well as an e-commerce business through and HauteLook and as of March 16 2015. It also operates two Nordstrom full-line stores in Canada.

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