Point72 Asset Management L.P. Purchases 139,196 Shares of Nordstrom, Inc. (NYSE:JWN)

Point72 Asset Management L.P. grew its position in shares of Nordstrom, Inc. (NYSE:JWN - Free Report) by 233.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 198,874 shares of the specialty retailer's stock after buying an additional 139,196 shares during the quarter. Point72 Asset Management L.P. owned approximately 0.12% of Nordstrom worth $4,803,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Spire Wealth Management boosted its stake 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 acquiring an additional 1,000 shares during the last quarter. Wolverine Asset Management LLC acquired a new stake in shares of Nordstrom during the 4th quarter worth about $63,000. Vestcor Inc acquired a new stake in shares of Nordstrom during the 4th quarter worth about $63,000. Atlas Capital Advisors Inc. grew its position in Nordstrom by 45.5% during the fourth quarter. Atlas Capital Advisors Inc. now owns 4,446 shares of the specialty retailer's stock worth $107,000 after buying an additional 1,391 shares in the last quarter. Finally, KBC Group NV boosted its position in shares of Nordstrom by 36.5% during the 4th quarter. KBC Group NV now owns 4,816 shares of the specialty retailer's stock worth $116,000 after acquiring an additional 1,287 shares in the last quarter. Institutional investors own 88.73% of the company's stock.

Nordstrom Stock Up 0.1%

NYSE JWN traded up $0.04 on Friday, hitting $24.68. 50,669,665 shares of the company were exchanged, compared to its average volume of 3,008,086. Nordstrom, Inc. has a 12 month low of $19.45 and a 12 month high of $24.99. The company has a market cap of $4.13 billion, a PE ratio of 15.72 and a beta of 2.36. The stock has a fifty day moving average of $24.18 and a 200-day moving average of $23.97. 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 (NYSE:JWN - Get Free Report) last released its quarterly earnings data 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 analyst estimates of $4.32 billion. As a group, analysts forecast that Nordstrom, Inc. will post 1.97 earnings per share for the current year.

Analysts Set New Price Targets

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

Nordstrom Company 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.