Nordstrom, Inc. (NYSE:JWN) Shares Acquired by BNP Paribas Financial Markets

BNP Paribas Financial Markets lifted its stake in shares of Nordstrom, Inc. (NYSE:JWN - Free Report) by 74.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 192,118 shares of the specialty retailer's stock after purchasing an additional 81,706 shares during the period. BNP Paribas Financial Markets owned about 0.12% of Nordstrom worth $4,640,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of JWN. Pentwater Capital Management LP bought a new position in shares of Nordstrom during the fourth quarter worth about $61,582,000. Hennessy Advisors Inc. bought a new position in shares of Nordstrom during the fourth quarter worth about $56,026,000. Norges Bank bought a new position in shares of Nordstrom during the fourth quarter worth about $33,480,000. Great Lakes Advisors LLC bought a new position in shares of Nordstrom during the fourth quarter worth about $21,736,000. Finally, Schonfeld Strategic Advisors LLC lifted its position in shares of Nordstrom by 453.8% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 667,710 shares of the specialty retailer's stock worth $16,125,000 after purchasing an additional 547,147 shares during the last quarter. Institutional investors own 88.73% of the company's stock.

Nordstrom Stock Performance

Shares of JWN traded up $0.05 during mid-day trading on Friday, reaching $24.59. 16,043,887 shares of the company's stock traded hands, compared to its average volume of 2,706,428. The business's 50-day moving average price is $24.13 and its 200-day moving average price is $23.89. The stock has a market capitalization of $4.11 billion, a P/E ratio of 15.66 and a beta of 2.36. The company has a debt-to-equity ratio of 2.65, a quick ratio of 0.35 and a current ratio of 1.14. Nordstrom, Inc. has a 12 month low of $19.45 and a 12 month high of $24.99.

Nordstrom (NYSE:JWN - Get Free Report) last released its quarterly earnings results on Tuesday, March 4th. The specialty retailer reported $1.10 earnings per share for the quarter, beating 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 company had revenue of $4.32 billion for the quarter, compared to analysts' expectations of $4.32 billion. Equities analysts predict that Nordstrom, Inc. will post 1.97 earnings per share for the current year.

Wall Street Analyst Weigh In

JWN has been the topic of a number of recent research reports. Telsey Advisory Group reissued a "market perform" rating and issued a $24.00 target price on shares of Nordstrom in a report on Wednesday, March 5th. StockNews.com initiated coverage on shares of Nordstrom in a report on Saturday, May 10th. They issued a "buy" rating on the stock. Finally, Citigroup reissued a "sell" rating and issued a $22.00 target price (down previously from $25.00) on shares of Nordstrom in a report on Friday, April 4th. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price 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.