BCK Capital Management LP Takes Position in Nordstrom, Inc. (NYSE:JWN)

BCK Capital Management LP bought a new stake in shares of Nordstrom, Inc. (NYSE:JWN - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 29,500 shares of the specialty retailer's stock, valued at approximately $712,000.

A number of other large investors have also recently modified their holdings of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Nordstrom by 16.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 360,627 shares of the specialty retailer's stock valued at $8,709,000 after purchasing an additional 50,049 shares in the last quarter. Towle & Co. bought a new stake in shares of Nordstrom during the 4th quarter valued at about $2,044,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Nordstrom during the 4th quarter valued at about $164,000. Point72 Asset Management L.P. boosted its stake in shares of Nordstrom by 233.2% during the 4th quarter. Point72 Asset Management L.P. now owns 198,874 shares of the specialty retailer's stock valued at $4,803,000 after purchasing an additional 139,196 shares in the last quarter. Finally, ProShare Advisors LLC bought a new stake in shares of Nordstrom during the 4th quarter valued at about $384,000. Institutional investors own 88.73% of the company's stock.

Nordstrom Stock Up 0.1%

Shares of Nordstrom stock opened at $24.68 on Friday. 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 stock has a market capitalization of $4.13 billion, a PE ratio of 15.72 and a beta of 2.36. Nordstrom, Inc. has a 52-week low of $19.45 and a 52-week high of $24.99. The company has a 50-day simple moving average of $24.17 and a two-hundred day simple moving average of $23.94.

Nordstrom (NYSE:JWN - Get Free Report) last issued its earnings results 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. The business had revenue of $4.32 billion during the quarter, compared to analysts' expectations of $4.32 billion. Nordstrom had a negative net margin of 1.57% and a negative return on equity of 18.04%. On average, analysts anticipate that Nordstrom, Inc. will post 1.97 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Telsey Advisory Group reaffirmed a "market perform" rating and set a $24.00 target price on shares of Nordstrom in a research note on Wednesday, March 5th. Wall Street Zen assumed coverage on shares of Nordstrom in a research report on Sunday, May 18th. They set a "buy" rating for the company. Finally, 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. 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's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $22.80.

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.

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