Two Sigma Investments LP Reduces Holdings in Nordstrom, Inc. (NYSE:JWN)

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

Several other hedge funds and other institutional investors also recently modified their holdings of JWN. Spire Wealth Management grew its holdings in shares of Nordstrom by 90.9% during the 4th quarter. Spire Wealth Management now owns 2,100 shares of the specialty retailer's stock worth $51,000 after acquiring an additional 1,000 shares during the period. Wolverine Asset Management LLC purchased a new position in Nordstrom during the fourth quarter valued at $63,000. Vestcor Inc bought a new stake in shares of Nordstrom during the 4th quarter valued at $63,000. Atlas Capital Advisors Inc. grew its position in shares of Nordstrom by 45.5% in the 4th quarter. Atlas Capital Advisors Inc. now owns 4,446 shares of the specialty retailer's stock worth $107,000 after buying an additional 1,391 shares during the period. Finally, KBC Group NV grew its position in shares of Nordstrom by 36.5% in the 4th quarter. KBC Group NV now owns 4,816 shares of the specialty retailer's stock worth $116,000 after buying an additional 1,287 shares during the period. Hedge funds and other institutional investors own 88.73% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on JWN. Telsey Advisory Group reissued a "market perform" rating and set a $24.00 price target on shares of Nordstrom in a research report on Wednesday, March 5th. Citigroup reaffirmed a "sell" rating and set a $22.00 target price (down previously from $25.00) on shares of Nordstrom in a research note on Friday, April 4th. Finally, StockNews.com initiated coverage on Nordstrom in a research report on Sunday. They issued a "buy" rating on the stock. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $22.80.

Nordstrom Price Performance

Shares of NYSE JWN opened at $24.68 on Thursday. The firm has a market cap of $4.13 billion, a P/E ratio of 15.72 and a beta of 2.36. Nordstrom, Inc. has a twelve month low of $19.45 and a twelve month 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 company has a 50 day moving average of $24.16 and a 200 day moving average of $23.93.

Nordstrom (NYSE:JWN - Get Free Report) last posted its quarterly 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 firm had revenue of $4.32 billion during the quarter, compared to analysts' expectations of $4.32 billion. As a group, research analysts expect that Nordstrom, Inc. will post 1.97 EPS 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.

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