Michels Family Financial LLC Invests $724,000 in Nordstrom, Inc. (NYSE:JWN)

Michels Family Financial LLC acquired a new position in Nordstrom, Inc. (NYSE:JWN - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 29,985 shares of the specialty retailer's stock, valued at approximately $724,000.

A number of other large investors have also modified their holdings of the company. Cooper Creek Partners Management LLC boosted its holdings in shares of Nordstrom by 11.0% in the fourth quarter. Cooper Creek Partners Management LLC now owns 3,757,847 shares of the specialty retailer's stock valued at $90,752,000 after acquiring an additional 372,024 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Nordstrom by 4.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,265,322 shares of the specialty retailer's stock worth $78,858,000 after purchasing an additional 138,900 shares during the period. American Century Companies Inc. boosted its stake in Nordstrom by 18.3% during the 4th quarter. American Century Companies Inc. now owns 2,912,254 shares of the specialty retailer's stock valued at $70,331,000 after purchasing an additional 450,539 shares in the last quarter. Pentwater Capital Management LP bought a new position in Nordstrom during the 4th quarter valued at $61,582,000. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Nordstrom by 20.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,712,452 shares of the specialty retailer's stock valued at $41,356,000 after purchasing an additional 289,596 shares during the period. Institutional investors and hedge funds own 88.73% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Wall Street Zen started coverage on Nordstrom in a report on Sunday, May 18th. They set a "buy" rating on the stock. Telsey Advisory Group restated a "market perform" rating and set a $24.00 price objective on shares of Nordstrom in a research report on Wednesday, March 5th. Finally, Citigroup reiterated a "sell" rating and issued a $22.00 target price (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 issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Nordstrom currently has an average rating of "Hold" and a consensus price target of $22.80.

Nordstrom Trading Up 0.1%

Shares of JWN traded up $0.04 during midday trading on Thursday, hitting $24.68. The stock had a trading volume of 50,669,665 shares, compared to its average volume of 3,011,476. The business has a 50-day simple moving average of $24.20 and a two-hundred day simple moving average of $24.00. The firm has a market cap of $4.13 billion, a P/E ratio of 15.72 and a beta of 2.36. The company has a current ratio of 1.14, a quick ratio of 0.35 and a debt-to-equity ratio of 2.65. Nordstrom, Inc. has a fifty-two week low of $19.45 and a fifty-two week high of $24.99.

Nordstrom (NYSE:JWN - Get Free Report) last posted its quarterly earnings data on Tuesday, March 4th. The specialty retailer reported $1.10 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $4.32 billion. As a group, equities analysts forecast that Nordstrom, Inc. will post 1.97 EPS for the current 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.