Nordstrom, Inc. (NYSE:JWN) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC cut its stake in shares of Nordstrom, Inc. (NYSE:JWN - Free Report) by 6.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 632,433 shares of the specialty retailer's stock after selling 46,828 shares during the period. Nuveen Asset Management LLC owned 0.38% of Nordstrom worth $15,273,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Retirement Systems of Alabama boosted its stake in Nordstrom by 0.4% in the fourth quarter. Retirement Systems of Alabama now owns 117,801 shares of the specialty retailer's stock worth $2,845,000 after buying an additional 512 shares in the last quarter. Freestone Capital Holdings LLC lifted its position in Nordstrom by 3.0% during the fourth quarter. Freestone Capital Holdings LLC now owns 19,252 shares of the specialty retailer's stock valued at $465,000 after buying an additional 558 shares during the period. Amalgamated Bank increased its stake in shares of Nordstrom by 1.4% during the fourth quarter. Amalgamated Bank now owns 45,083 shares of the specialty retailer's stock valued at $1,089,000 after purchasing an additional 617 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in Nordstrom by 1.2% during the fourth quarter. Janney Montgomery Scott LLC now owns 55,956 shares of the specialty retailer's stock valued at $1,351,000 after buying an additional 640 shares during the last quarter. Finally, Avantax Advisory Services Inc. increased its stake in Nordstrom by 3.5% during the 4th quarter. Avantax Advisory Services Inc. now owns 21,181 shares of the specialty retailer's stock valued at $512,000 after purchasing an additional 725 shares in the last quarter. 88.73% of the stock is currently owned by hedge funds and other institutional investors.

Nordstrom Trading Up 0.1%

Shares of JWN traded up $0.04 during midday trading on Friday, hitting $24.68. The stock had a trading volume of 50,669,665 shares, compared to its average volume of 3,009,668. The company has a debt-to-equity ratio of 2.65, a current ratio of 1.14 and a quick ratio of 0.35. Nordstrom, Inc. has a 1 year low of $19.45 and a 1 year high of $24.99. The firm has a market cap of $4.13 billion, a PE ratio of 15.72 and a beta of 2.36. The stock's 50 day moving average is $24.20 and its 200 day moving average is $24.01.

Nordstrom (NYSE:JWN - Get Free Report) last issued its earnings results on Tuesday, March 4th. The specialty retailer reported $1.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.90 by $0.20. The firm had revenue of $4.32 billion during the quarter, compared to analyst estimates of $4.32 billion. Nordstrom had a negative net margin of 1.57% and a negative return on equity of 18.04%. As a group, analysts forecast that Nordstrom, Inc. will post 1.97 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have issued reports on JWN. Wall Street Zen assumed coverage on shares of Nordstrom in a research note on Sunday, May 18th. They set a "buy" rating on the stock. Citigroup restated a "sell" rating and set a $22.00 price objective (down from $25.00) on shares of Nordstrom in a research report on Friday, April 4th. Finally, Telsey Advisory Group reaffirmed a "market perform" rating and set a $24.00 price objective on shares of Nordstrom in a report on Wednesday, March 5th. Four equities 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. 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.