Quantinno Capital Management LP Acquires 28,437 Shares of Nordstrom, Inc. (NYSE:JWN)

Quantinno Capital Management LP grew its holdings in Nordstrom, Inc. (NYSE:JWN - Free Report) by 19.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 173,583 shares of the specialty retailer's stock after buying an additional 28,437 shares during the quarter. Quantinno Capital Management LP owned 0.11% of Nordstrom worth $4,192,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Spire Wealth Management grew its position in Nordstrom by 90.9% in the fourth quarter. Spire Wealth Management now owns 2,100 shares of the specialty retailer's stock valued at $51,000 after acquiring an additional 1,000 shares during the period. Wolverine Asset Management LLC bought a new stake in shares of Nordstrom in the 4th quarter worth about $63,000. Vestcor Inc acquired a new stake in shares of Nordstrom during the 4th quarter worth about $63,000. Atlas Capital Advisors Inc. increased its position in shares of Nordstrom by 45.5% during the 4th quarter. Atlas Capital Advisors Inc. now owns 4,446 shares of the specialty retailer's stock worth $107,000 after purchasing an additional 1,391 shares in the last quarter. Finally, KBC Group NV lifted its holdings 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 last quarter. 88.73% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on JWN shares. StockNews.com began coverage on shares of Nordstrom in a research note on Sunday. They set a "buy" rating on the stock. Telsey Advisory Group reissued a "market perform" rating and issued a $24.00 target price on shares of Nordstrom in a report on Wednesday, March 5th. Finally, Citigroup reaffirmed a "sell" rating and set a $22.00 price target (down from $25.00) on shares of Nordstrom in a report on Friday, April 4th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $22.80.

Nordstrom Trading Up 0.2%

JWN stock opened at $24.59 on Monday. The company has a quick ratio of 0.35, a current ratio of 1.14 and a debt-to-equity ratio of 2.65. Nordstrom, Inc. has a twelve month low of $19.45 and a twelve month high of $24.99. The company has a market cap of $4.11 billion, a P/E ratio of 15.66 and a beta of 2.36. The business has a fifty day moving average of $24.13 and a 200-day moving average of $23.91.

Nordstrom (NYSE:JWN - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $4.32 billion during the quarter, compared to analyst estimates of $4.32 billion. As a group, equities research analysts expect that Nordstrom, Inc. will post 1.97 EPS for the current year.

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.

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