Sherbrooke Park Advisers LLC Sells 34,149 Shares of Nordstrom, Inc. (NYSE:JWN)

Sherbrooke Park Advisers LLC reduced its stake in shares of Nordstrom, Inc. (NYSE:JWN - Free Report) by 80.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,515 shares of the specialty retailer's stock after selling 34,149 shares during the quarter. Sherbrooke Park Advisers LLC's holdings in Nordstrom were worth $206,000 at the end of the most recent quarter.

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

Nordstrom Trading Up 0.1%

JWN stock traded up $0.04 during midday trading on Monday, hitting $24.68. 50,669,665 shares of the company's stock were exchanged, compared to its average volume of 3,008,086. Nordstrom, Inc. has a one year low of $19.45 and a one year high of $24.99. The company has a debt-to-equity ratio of 2.65, a quick ratio of 0.35 and a current ratio of 1.14. The company has a market cap of $4.13 billion, a PE ratio of 15.72 and a beta of 2.36. The stock's fifty day moving average price is $24.18 and its 200-day moving average price is $23.97.

Nordstrom (NYSE:JWN - Get Free Report) last released its quarterly earnings results 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 return on equity of 18.04% and a negative net margin of 1.57%. The company had revenue of $4.32 billion for the quarter, compared to analyst estimates of $4.32 billion. Research analysts predict that Nordstrom, Inc. will post 1.97 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

About Nordstrom

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.