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

Lazard Asset Management LLC grew its holdings in Nordstrom, Inc. (NYSE:JWN - Free Report) by 218.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,711 shares of the specialty retailer's stock after acquiring an additional 13,518 shares during the period. Lazard Asset Management LLC's holdings in Nordstrom were worth $474,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in JWN. Crossmark Global Holdings Inc. grew its position in Nordstrom by 171.3% in the fourth quarter. Crossmark Global Holdings Inc. now owns 100,733 shares of the specialty retailer's stock worth $2,432,000 after acquiring an additional 63,600 shares in the last quarter. Janney Montgomery Scott LLC grew its position in Nordstrom by 1.2% in the fourth quarter. Janney Montgomery Scott LLC now owns 55,956 shares of the specialty retailer's stock worth $1,351,000 after acquiring an additional 640 shares in the last quarter. Avior Wealth Management LLC bought a new stake in Nordstrom in the fourth quarter worth approximately $415,000. Cyndeo Wealth Partners LLC grew its position in Nordstrom by 4.7% in the fourth quarter. Cyndeo Wealth Partners LLC now owns 290,814 shares of the specialty retailer's stock worth $7,023,000 after acquiring an additional 13,021 shares in the last quarter. Finally, Blue Trust Inc. grew its position in Nordstrom by 51.9% in the fourth quarter. Blue Trust Inc. now owns 5,832 shares of the specialty retailer's stock worth $131,000 after acquiring an additional 1,993 shares in the last quarter. 88.73% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have commented on JWN. Telsey Advisory Group reissued a "market perform" rating and issued a $24.00 target price on shares of Nordstrom in a research report on Wednesday, March 5th. Citigroup restated 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. Finally, Wall Street Zen assumed coverage on shares of Nordstrom in a research note on Sunday, May 18th. They issued a "buy" rating for the company. Four analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $22.80.

Nordstrom Stock Performance

NYSE:JWN traded up $0.04 during trading hours on Tuesday, hitting $24.68. 50,669,665 shares of the company traded hands, compared to its average volume of 3,008,086. The stock has a market capitalization of $4.13 billion, a price-to-earnings ratio of 15.72 and a beta of 2.36. Nordstrom, Inc. has a twelve month low of $19.45 and a twelve month high of $24.99. The firm has a 50-day moving average of $24.19 and a 200 day moving average of $23.99. 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 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 firm 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 forecast that Nordstrom, Inc. will post 1.97 EPS for the current year.

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.