Nuveen Asset Management LLC Reduces Stock Holdings in Nordstrom, Inc. (NYSE:JWN)

Nuveen Asset Management LLC lowered its holdings in shares of Nordstrom, Inc. (NYSE:JWN - Free Report) by 6.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 632,433 shares of the specialty retailer's stock after selling 46,828 shares during the quarter. Nuveen Asset Management LLC owned 0.38% of Nordstrom worth $15,273,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of JWN. Spire Wealth Management lifted its position 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 purchasing an additional 1,000 shares during the last quarter. Wolverine Asset Management LLC bought a new stake in Nordstrom during the 4th quarter valued at about $63,000. Vestcor Inc bought a new stake in Nordstrom during the 4th quarter valued at about $63,000. Atlas Capital Advisors Inc. lifted its holdings in Nordstrom by 45.5% during the 4th quarter. Atlas Capital Advisors Inc. now owns 4,446 shares of the specialty retailer's stock valued at $107,000 after buying an additional 1,391 shares in the last quarter. Finally, KBC Group NV increased its position in Nordstrom by 36.5% during the 4th quarter. KBC Group NV now owns 4,816 shares of the specialty retailer's stock valued at $116,000 after purchasing an additional 1,287 shares during the period. Institutional investors own 88.73% of the company's stock.

Analysts Set New Price Targets

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

Nordstrom Stock Performance

Shares of JWN traded up $0.04 during trading hours on Thursday, hitting $24.68. The stock had a trading volume of 50,669,665 shares, compared to its average volume of 3,011,476. 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 firm has a 50-day moving average price of $24.20 and a 200 day moving average price of $24.00. Nordstrom, Inc. has a fifty-two week low of $19.45 and a fifty-two week high of $24.99. The firm has a market capitalization of $4.13 billion, a price-to-earnings ratio of 15.72 and a beta of 2.36.

Nordstrom (NYSE:JWN - Get Free Report) last issued its quarterly earnings results on Tuesday, March 4th. The specialty retailer reported $1.10 EPS for the quarter, topping the consensus estimate of $0.90 by $0.20. The company 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, research analysts anticipate that Nordstrom, Inc. will post 1.97 EPS for the current year.

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.