Two Sigma Advisers LP decreased its position in shares of Nordstrom, Inc. (NYSE:JWN - Free Report) by 59.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 160,000 shares of the specialty retailer's stock after selling 232,801 shares during the quarter. Two Sigma Advisers LP owned approximately 0.10% of Nordstrom worth $3,864,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Retirement Systems of Alabama lifted its position in Nordstrom by 0.4% in the fourth quarter. Retirement Systems of Alabama now owns 117,801 shares of the specialty retailer's stock valued at $2,845,000 after buying an additional 512 shares during the last quarter. Freestone Capital Holdings LLC lifted its position in Nordstrom by 3.0% in the fourth quarter. Freestone Capital Holdings LLC now owns 19,252 shares of the specialty retailer's stock valued at $465,000 after buying an additional 558 shares during the last quarter. Amalgamated Bank lifted its position in Nordstrom by 1.4% in the fourth quarter. Amalgamated Bank now owns 45,083 shares of the specialty retailer's stock valued at $1,089,000 after buying an additional 617 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in Nordstrom by 1.2% in the fourth quarter. Janney Montgomery Scott LLC now owns 55,956 shares of the specialty retailer's stock valued at $1,351,000 after buying an additional 640 shares during the last quarter. Finally, Avantax Advisory Services Inc. lifted its position in Nordstrom by 3.5% in the fourth quarter. Avantax Advisory Services Inc. now owns 21,181 shares of the specialty retailer's stock valued at $512,000 after buying an additional 725 shares during the last quarter. Institutional investors and hedge funds own 88.73% of the company's stock.
Nordstrom Stock Up 0.1%
Nordstrom stock traded up $0.04 during mid-day trading on Friday, hitting $24.68. The company had a trading volume of 50,669,665 shares, compared to its average volume of 3,009,668. The stock has a market cap of $4.13 billion, a price-to-earnings ratio of 15.72 and a beta of 2.36. Nordstrom, Inc. has a 1 year low of $19.45 and a 1 year high of $24.99. The company has a quick ratio of 0.35, a current ratio of 1.14 and a debt-to-equity ratio of 2.65. The business has a fifty day moving average of $24.20 and a 200 day moving average of $24.01.
Nordstrom (NYSE:JWN - Get Free Report) last announced its quarterly earnings results on Tuesday, March 4th. The specialty retailer reported $1.10 EPS for the quarter, beating the consensus estimate of $0.90 by $0.20. The company had revenue of $4.32 billion for 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%. On average, sell-side analysts expect that Nordstrom, Inc. will post 1.97 earnings per share for the current fiscal year.
Analysts Set New Price Targets
A number of research firms have commented on JWN. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $24.00 target price on shares of Nordstrom in a research report on Wednesday, March 5th. Citigroup reaffirmed a "sell" rating and issued a $22.00 target price (down previously from $25.00) on shares of Nordstrom in a research report on Friday, April 4th. Finally, Wall Street Zen began coverage on shares of Nordstrom in a research report on Sunday, May 18th. They issued a "buy" rating on the stock. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $22.80.
Check Out Our Latest Stock Analysis on Nordstrom
About Nordstrom
(
Free Report)
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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