Two Sigma Investments LP Sells 345,604 Shares of Nordstrom, Inc. (NYSE:JWN)

Two Sigma Investments LP decreased its position in Nordstrom, Inc. (NYSE:JWN - Free Report) by 27.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 933,377 shares of the specialty retailer's stock after selling 345,604 shares during the period. Two Sigma Investments LP owned about 0.57% of Nordstrom worth $22,541,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Retirement Systems of Alabama raised its holdings in Nordstrom by 0.4% in the 4th quarter. Retirement Systems of Alabama now owns 117,801 shares of the specialty retailer's stock valued at $2,845,000 after acquiring an additional 512 shares in the last quarter. Freestone Capital Holdings LLC raised its holdings in Nordstrom by 3.0% in the 4th quarter. Freestone Capital Holdings LLC now owns 19,252 shares of the specialty retailer's stock valued at $465,000 after acquiring an additional 558 shares in the last quarter. Amalgamated Bank raised its holdings in Nordstrom by 1.4% in the 4th quarter. Amalgamated Bank now owns 45,083 shares of the specialty retailer's stock valued at $1,089,000 after acquiring an additional 617 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in 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 in the last quarter. Finally, Avantax Advisory Services Inc. raised its holdings in 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 in the last quarter. Institutional investors and hedge funds own 88.73% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $24.00 price target on shares of Nordstrom in a report on Wednesday, March 5th. Citigroup reaffirmed a "sell" rating and issued a $22.00 price target (down previously from $25.00) on shares of Nordstrom in a report on Friday, April 4th. Finally, Wall Street Zen initiated coverage on Nordstrom in a research note on Sunday, May 18th. They issued a "buy" rating on the stock. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $22.80.

Nordstrom Price Performance

NYSE JWN traded up $0.04 during trading hours on Tuesday, reaching $24.68. 50,669,665 shares of the company's stock were exchanged, compared to its average volume of 3,008,086. The stock has a market cap of $4.13 billion, a PE ratio of 15.72 and a beta of 2.36. Nordstrom, Inc. has a one year low of $19.45 and a one year high of $24.99. The firm has a fifty day moving average of $24.18 and a 200-day moving average of $23.99. 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 released its quarterly 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. The business had revenue of $4.32 billion for the quarter, compared to analyst estimates of $4.32 billion. Nordstrom had a negative return on equity of 18.04% and a negative net margin of 1.57%. On average, equities research analysts predict that Nordstrom, Inc. will post 1.97 earnings per share 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.