Susquehanna Portfolio Strategies LLC Has $4.88 Million Stock Position in Nordstrom, Inc. (NYSE:JWN)

Susquehanna Portfolio Strategies LLC cut its position in shares of Nordstrom, Inc. (NYSE:JWN - Free Report) by 22.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 202,177 shares of the specialty retailer's stock after selling 57,102 shares during the quarter. Nordstrom accounts for 16.5% of Susquehanna Portfolio Strategies LLC's portfolio, making the stock its 2nd largest position. Susquehanna Portfolio Strategies LLC owned about 0.12% of Nordstrom worth $4,883,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Pentwater Capital Management LP purchased a new stake in shares of Nordstrom during the fourth quarter valued at $61,582,000. Norges Bank purchased a new stake in shares of Nordstrom during the fourth quarter valued at $33,480,000. Great Lakes Advisors LLC purchased a new stake in shares of Nordstrom during the fourth quarter valued at $21,736,000. Schonfeld Strategic Advisors LLC lifted its holdings in shares of Nordstrom by 453.8% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 667,710 shares of the specialty retailer's stock valued at $16,125,000 after purchasing an additional 547,147 shares during the last quarter. Finally, American Century Companies Inc. grew its holdings 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 valued at $70,331,000 after buying an additional 450,539 shares in the last quarter. 88.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

JWN has been the topic of a number of research analyst reports. StockNews.com initiated coverage on Nordstrom in a report on Sunday. They set a "buy" rating on the stock. Telsey Advisory Group reiterated a "market perform" rating and set a $24.00 price target on shares of Nordstrom in a report on Wednesday, March 5th. Finally, Citigroup reiterated a "sell" rating and set a $22.00 price target (down previously from $25.00) on shares of Nordstrom in a report 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, the stock presently has a consensus rating of "Hold" and a consensus target price of $22.80.

Nordstrom Stock Up 0.1%

JWN stock traded up $0.03 during mid-day trading on Tuesday, hitting $24.67. The stock had a trading volume of 50,669,665 shares, compared to its average volume of 2,989,611. 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, Inc. has a 1-year low of $19.45 and a 1-year high of $24.99. The company has a fifty day moving average of $24.15 and a 200 day moving average of $23.93. The stock has a market capitalization of $4.13 billion, a price-to-earnings ratio of 15.71 and a beta of 2.36.

Nordstrom (NYSE:JWN - Get Free Report) last issued its earnings results on Tuesday, March 4th. The specialty retailer reported $1.10 earnings per share for the quarter, topping the consensus estimate 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. On average, equities analysts expect that Nordstrom, Inc. will post 1.97 EPS for the current fiscal 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.