84,621 Shares in Nordstrom, Inc. (NYSE:JWN) Acquired by Towle & Co.

Towle & Co. acquired a new position in Nordstrom, Inc. (NYSE:JWN - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 84,621 shares of the specialty retailer's stock, valued at approximately $2,044,000. Towle & Co. owned approximately 0.05% of Nordstrom at the end of the most recent reporting period.

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

Nordstrom Stock Up 0.1%

Shares of NYSE JWN traded up $0.04 during midday trading on Friday, hitting $24.68. The company's stock had a trading volume of 50,669,665 shares, compared to its average volume of 3,004,501. The business's fifty day simple moving average is $24.18 and its two-hundred day simple moving average is $23.96. 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 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 posted its quarterly earnings data on Tuesday, March 4th. The specialty retailer reported $1.10 EPS for the quarter, beating the consensus estimate of $0.90 by $0.20. Nordstrom had a negative net margin of 1.57% and a negative return on equity of 18.04%. The business had revenue of $4.32 billion during the quarter, compared to analyst estimates of $4.32 billion. On average, equities analysts predict that Nordstrom, Inc. will post 1.97 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on JWN shares. Telsey Advisory Group reissued a "market perform" rating and set a $24.00 price target on shares of Nordstrom in a report on Wednesday, March 5th. Wall Street Zen started coverage on shares of Nordstrom in a research report on Sunday, May 18th. They issued a "buy" rating for the company. Finally, Citigroup reissued a "sell" rating and issued a $22.00 price objective (down previously from $25.00) on shares of Nordstrom in a report on Friday, April 4th. Four equities 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, Nordstrom currently has an average rating of "Hold" and an average target price 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.