Dimensional Fund Advisors LP Purchases 138,900 Shares of Nordstrom, Inc. (NYSE:JWN)

Dimensional Fund Advisors LP boosted its position in Nordstrom, Inc. (NYSE:JWN - Free Report) by 4.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,265,322 shares of the specialty retailer's stock after buying an additional 138,900 shares during the period. Dimensional Fund Advisors LP owned approximately 1.98% of Nordstrom worth $78,858,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in JWN. Spire Wealth Management grew its stake in Nordstrom by 90.9% in the fourth quarter. Spire Wealth Management now owns 2,100 shares of the specialty retailer's stock valued at $51,000 after acquiring an additional 1,000 shares during the period. Wolverine Asset Management LLC bought a new position in shares of Nordstrom in the 4th quarter worth $63,000. Vestcor Inc acquired a new stake in Nordstrom in the 4th quarter valued at $63,000. Atlas Capital Advisors Inc. lifted its stake in shares of Nordstrom by 45.5% in the fourth quarter. Atlas Capital Advisors Inc. now owns 4,446 shares of the specialty retailer's stock valued at $107,000 after buying an additional 1,391 shares in the last quarter. Finally, KBC Group NV lifted its stake in shares of Nordstrom by 36.5% in the fourth quarter. KBC Group NV now owns 4,816 shares of the specialty retailer's stock valued at $116,000 after buying an additional 1,287 shares in the last quarter. 88.73% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Nordstrom Stock Performance

Shares of NYSE:JWN traded down $0.10 during midday trading on Monday, reaching $24.17. The company had a trading volume of 196,237 shares, compared to its average volume of 2,589,077. Nordstrom, Inc. has a 52-week low of $19.45 and a 52-week high of $24.99. The company's 50 day moving average price is $24.11 and its 200 day moving average price is $23.83. The company has a current ratio of 1.14, a quick ratio of 0.35 and a debt-to-equity ratio of 2.65. The stock has a market cap of $4.04 billion, a P/E ratio of 15.39 and a beta of 2.31.

Nordstrom (NYSE:JWN - Get Free Report) last released its 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 net margin of 1.57% and a negative return on equity of 18.04%. The firm had revenue of $4.32 billion for the quarter, compared to analysts' expectations of $4.32 billion. As a group, sell-side analysts anticipate that Nordstrom, Inc. will post 1.97 EPS for the current fiscal year.

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.