Lazard Asset Management LLC Has $474,000 Holdings in Nordstrom, Inc. (NYSE:JWN)

Lazard Asset Management LLC lifted its stake in Nordstrom, Inc. (NYSE:JWN - Free Report) by 218.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 19,711 shares of the specialty retailer's stock after purchasing an additional 13,518 shares during the quarter. Lazard Asset Management LLC's holdings in Nordstrom were worth $474,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Spire Wealth Management lifted its stake in Nordstrom by 90.9% during the fourth quarter. Spire Wealth Management now owns 2,100 shares of the specialty retailer's stock valued at $51,000 after buying an additional 1,000 shares in the last quarter. Wolverine Asset Management LLC acquired a new stake in shares of Nordstrom during the fourth quarter valued at approximately $63,000. Vestcor Inc purchased a new stake in shares of Nordstrom in the 4th quarter valued at approximately $63,000. Atlas Capital Advisors Inc. lifted its position in shares of Nordstrom by 45.5% in the 4th 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 stake in Nordstrom by 36.5% in the 4th quarter. KBC Group NV now owns 4,816 shares of the specialty retailer's stock worth $116,000 after purchasing an additional 1,287 shares during the period. Hedge funds and other institutional investors own 88.73% of the company's stock.

Nordstrom Stock Up 0.1%

JWN traded up $0.04 during trading on Tuesday, reaching $24.68. 50,669,665 shares of the stock traded hands, compared to its average volume of 3,008,086. The stock has a market cap of $4.13 billion, a price-to-earnings ratio of 15.72 and a beta of 2.36. Nordstrom, Inc. has a fifty-two week low of $19.45 and a fifty-two week high of $24.99. The company has a debt-to-equity ratio of 2.65, a current ratio of 1.14 and a quick ratio of 0.35. The stock's 50-day simple moving average is $24.18 and its two-hundred day simple moving average is $23.99.

Nordstrom (NYSE:JWN - Get Free Report) last posted its quarterly earnings results on Tuesday, March 4th. The specialty retailer reported $1.10 earnings per share for the quarter, topping analysts' consensus estimates of $0.90 by $0.20. The company had revenue of $4.32 billion during 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.

Analysts Set New Price Targets

Several brokerages have issued reports on JWN. Telsey Advisory Group reissued 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 initiated coverage on Nordstrom in a report on Sunday, May 18th. They set a "buy" rating on the stock. Finally, Citigroup reissued a "sell" rating and issued a $22.00 price objective (down from $25.00) on shares of Nordstrom in a research note on Friday, April 4th. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $22.80.

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.