Nordstrom, Inc. (NYSE:JWN) Stock Holdings Lifted by AQR Capital Management LLC

AQR Capital Management LLC increased its stake in Nordstrom, Inc. (NYSE:JWN - Free Report) by 34.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 736,298 shares of the specialty retailer's stock after acquiring an additional 187,617 shares during the period. AQR Capital Management LLC owned approximately 0.45% of Nordstrom worth $17,782,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Virtu Financial LLC acquired a new stake in shares of Nordstrom during the 3rd quarter worth $451,000. Tidal Investments LLC raised its holdings in shares of Nordstrom by 47.8% in the 3rd quarter. Tidal Investments LLC now owns 17,602 shares of the specialty retailer's stock worth $396,000 after purchasing an additional 5,690 shares during the period. Franklin Resources Inc. lifted its stake in shares of Nordstrom by 29.9% in the 3rd quarter. Franklin Resources Inc. now owns 50,294 shares of the specialty retailer's stock valued at $1,152,000 after purchasing an additional 11,583 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Nordstrom by 29.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 388,796 shares of the specialty retailer's stock worth $8,744,000 after purchasing an additional 89,114 shares during the period. Finally, Wedmont Private Capital raised its holdings in Nordstrom by 6.7% in the fourth quarter. Wedmont Private Capital now owns 11,589 shares of the specialty retailer's stock valued at $278,000 after buying an additional 723 shares during the period. 88.73% of the stock is currently owned by hedge funds and other institutional investors.

Nordstrom Stock Performance

NYSE JWN traded up $0.06 during trading hours on Wednesday, hitting $24.27. The company had a trading volume of 4,130,839 shares, compared to its average volume of 2,606,003. Nordstrom, Inc. has a fifty-two week low of $19.45 and a fifty-two week high of $24.99. The firm has a market cap of $4.06 billion, a P/E ratio of 15.46 and a beta of 2.36. The company has a quick ratio of 0.35, a current ratio of 1.14 and a debt-to-equity ratio of 2.65. The business has a fifty day simple moving average of $24.11 and a 200-day simple moving average of $23.82.

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

Wall Street Analysts Forecast Growth

JWN has been the topic of a number of research reports. Evercore ISI raised their target price on shares of Nordstrom from $22.00 to $24.00 and gave the company an "in-line" rating in a research note on Monday, January 13th. StockNews.com began coverage on Nordstrom in a research report on Friday, May 2nd. They issued a "buy" rating for the company. Citigroup reissued a "sell" rating and set a $22.00 price target (down from $25.00) on shares of Nordstrom in a research report on Friday, April 4th. UBS Group raised shares of Nordstrom from a "sell" rating to a "neutral" rating and increased their price objective for the company from $14.50 to $24.00 in a research report on Friday, January 10th. Finally, Telsey Advisory Group reissued a "market perform" rating and set a $24.00 target price on shares of Nordstrom in a research report on Wednesday, March 5th. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $22.80.

Nordstrom Profile

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.