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

Quantinno Capital Management LP grew its position in shares of Nordstrom, Inc. (NYSE:JWN - Free Report) by 19.6% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 173,583 shares of the specialty retailer's stock after acquiring an additional 28,437 shares during the period. Quantinno Capital Management LP owned about 0.11% of Nordstrom worth $4,192,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Nomura Holdings Inc. purchased a new position in shares of Nordstrom during the 4th quarter worth approximately $310,000. Maven Securities LTD purchased a new position in shares of Nordstrom during the 4th quarter worth approximately $362,000. Moore Capital Management LP purchased a new position in shares of Nordstrom during the 4th quarter worth approximately $680,000. Lazard Asset Management LLC grew its holdings in shares of Nordstrom by 218.3% during the 4th quarter. Lazard Asset Management LLC now owns 19,711 shares of the specialty retailer's stock worth $474,000 after acquiring an additional 13,518 shares during the period. Finally, Hudson Bay Capital Management LP grew its holdings in shares of Nordstrom by 1,830.9% during the 4th quarter. Hudson Bay Capital Management LP now owns 342,217 shares of the specialty retailer's stock worth $8,265,000 after acquiring an additional 324,494 shares during the period. Hedge funds and other institutional investors own 88.73% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Wall Street Zen assumed coverage on Nordstrom in a report on Sunday, May 18th. They set a "buy" rating on the stock. Telsey Advisory Group restated a "market perform" rating and issued a $24.00 price target on shares of Nordstrom in a research note on Wednesday, March 5th. Finally, Citigroup restated a "sell" rating and issued a $22.00 price target (down previously from $25.00) on shares of Nordstrom in a research note on Friday, April 4th. 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. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $22.80.

Nordstrom Stock Performance

Nordstrom stock traded up $0.04 during trading on Friday, reaching $24.68. The company had a trading volume of 50,669,665 shares, compared to its average volume of 3,008,086. Nordstrom, Inc. has a 52 week low of $19.45 and a 52 week high of $24.99. The firm's 50-day simple moving average is $24.18 and its 200 day simple moving average is $23.97. The firm has a market capitalization of $4.13 billion, a price-to-earnings ratio of 15.72 and a beta of 2.36. 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 announced its 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 analysts' expectations of $4.32 billion. Sell-side analysts forecast that Nordstrom, Inc. will post 1.97 earnings per share for the current fiscal 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.