Caxton Associates LP Invests $936,000 in Nordstrom, Inc. (NYSE:JWN)

Caxton Associates LP acquired a new stake in Nordstrom, Inc. (NYSE:JWN - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 38,745 shares of the specialty retailer's stock, valued at approximately $936,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. BNP Paribas Financial Markets lifted its stake in shares of Nordstrom by 74.0% in the 4th quarter. BNP Paribas Financial Markets now owns 192,118 shares of the specialty retailer's stock valued at $4,640,000 after purchasing an additional 81,706 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Nordstrom by 34.4% during the 4th quarter. Ameriprise Financial Inc. now owns 330,389 shares of the specialty retailer's stock valued at $7,979,000 after acquiring an additional 84,585 shares during the last quarter. AQR Arbitrage LLC acquired a new position in shares of Nordstrom during the 4th quarter valued at about $9,605,000. Nexpoint Asset Management L.P. acquired a new position in shares of Nordstrom during the 4th quarter valued at about $9,312,000. Finally, Schonfeld Strategic Advisors LLC increased its holdings in shares of Nordstrom by 453.8% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 667,710 shares of the specialty retailer's stock valued at $16,125,000 after acquiring an additional 547,147 shares during the last quarter. Institutional investors and hedge funds own 88.73% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently commented on JWN. Telsey Advisory Group reissued a "market perform" rating and set a $24.00 price objective on shares of Nordstrom in a report on Wednesday, March 5th. Evercore ISI increased their price objective on Nordstrom from $22.00 to $24.00 and gave the company an "in-line" rating in a report on Monday, January 13th. Citigroup reissued a "sell" rating and set a $22.00 price objective (down previously from $25.00) on shares of Nordstrom in a report on Friday, April 4th. StockNews.com began coverage on Nordstrom in a report on Saturday. They set a "buy" rating on the stock. Finally, Barclays increased their price objective on Nordstrom from $23.00 to $24.00 and gave the company an "equal weight" rating in a report on Thursday, January 16th. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $22.80.

Nordstrom Stock Performance

Shares of NYSE:JWN traded up $0.13 on Monday, hitting $24.52. 2,267,372 shares of the company were exchanged, compared to its average volume of 2,611,736. The company's 50 day moving average price is $24.11 and its two-hundred day moving average price is $23.86. Nordstrom, Inc. has a one year low of $19.45 and a one year high of $24.99. The company has a debt-to-equity ratio of 2.65, a quick ratio of 0.35 and a current ratio of 1.14. The firm has a market capitalization of $4.10 billion, a price-to-earnings ratio of 15.61 and a beta of 2.36.

Nordstrom (NYSE:JWN - Get Free Report) last posted its quarterly earnings data on Tuesday, March 4th. The specialty retailer reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.20. Nordstrom had a negative net margin of 1.57% and a negative return on equity of 18.04%. The company had revenue of $4.32 billion for the quarter, compared to the consensus estimate of $4.32 billion. Research analysts expect that Nordstrom, Inc. will post 1.97 earnings per share for the current year.

About Nordstrom

Nordstrom, Inc, a fashion retailer, provides apparels, shoes, beauty, accessories, and home goods for women, men, young adults, and children. It offers a range of brand-name and private-label merchandise through various channels, such as Nordstrom branded stores and online at Nordstrom.com; Nordstrom.ca; Nordstrom stores; Nordstrom Rack stores; Nordstrom Locals; ASOS; Nordstromrack.com; mobile application; and clearance stores under the Last Chance name.