Deutsche Bank AG Buys 11,235 Shares of Nordstrom, Inc. (NYSE:JWN)

Deutsche Bank AG increased its stake in shares of Nordstrom, Inc. (NYSE:JWN - Free Report) by 32.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 45,755 shares of the specialty retailer's stock after purchasing an additional 11,235 shares during the period. Deutsche Bank AG's holdings in Nordstrom were worth $1,105,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of JWN. Spire Wealth Management lifted its holdings in Nordstrom by 90.9% during the 4th quarter. Spire Wealth Management now owns 2,100 shares of the specialty retailer's stock worth $51,000 after buying an additional 1,000 shares in the last quarter. Wolverine Asset Management LLC purchased a new position in Nordstrom during the 4th quarter worth $63,000. Vestcor Inc purchased a new stake in shares of Nordstrom in the fourth quarter valued at about $63,000. Atlas Capital Advisors Inc. boosted its holdings 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 acquiring an additional 1,391 shares in the last quarter. Finally, KBC Group NV boosted its holdings 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 acquiring an additional 1,287 shares in the last quarter. Hedge funds and other institutional investors own 88.73% of the company's stock.

Analysts Set New Price Targets

JWN has been the subject of a number of research reports. Wall Street Zen initiated coverage on shares of Nordstrom in a research report on Sunday, May 18th. They set a "buy" rating for the company. Telsey Advisory Group restated a "market perform" rating and issued a $24.00 target price on shares of Nordstrom in a report on Wednesday, March 5th. Finally, Citigroup reiterated a "sell" rating and set a $22.00 price objective (down from $25.00) on shares of Nordstrom in a research note on Friday, April 4th. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Nordstrom currently has a consensus rating of "Hold" and an average target price of $22.80.

Nordstrom Stock Up 0.1%

Shares of NYSE JWN traded up $0.04 during mid-day trading on Wednesday, reaching $24.68. The company had a trading volume of 50,669,665 shares, compared to its average volume of 3,008,086. The company has a market capitalization of $4.13 billion, a price-to-earnings ratio of 15.72 and a beta of 2.36. The stock has a fifty day moving average of $24.19 and a two-hundred day moving average of $23.99. 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 announced its quarterly earnings results on Tuesday, March 4th. The specialty retailer reported $1.10 EPS for the quarter, beating the consensus estimate of $0.90 by $0.20. The company had revenue of $4.32 billion for the quarter, compared to the consensus estimate of $4.32 billion. Nordstrom had a negative return on equity of 18.04% and a negative net margin of 1.57%. As a group, equities research analysts expect 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.