GABELLI & Co INVESTMENT ADVISERS INC. Buys Shares of 75,600 Nordstrom, Inc. (NYSE:JWN)

GABELLI & Co INVESTMENT ADVISERS INC. bought a new position in shares of Nordstrom, Inc. (NYSE:JWN - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 75,600 shares of the specialty retailer's stock, valued at approximately $1,826,000.

Several other institutional investors have also bought and sold shares of JWN. Cooper Creek Partners Management LLC raised its stake in Nordstrom by 11.0% during the fourth quarter. Cooper Creek Partners Management LLC now owns 3,757,847 shares of the specialty retailer's stock worth $90,752,000 after acquiring an additional 372,024 shares in the last quarter. American Century Companies Inc. increased its position in shares of Nordstrom by 18.3% during the 4th quarter. American Century Companies Inc. now owns 2,912,254 shares of the specialty retailer's stock worth $70,331,000 after purchasing an additional 450,539 shares in the last quarter. Hennessy Advisors Inc. bought a new position in Nordstrom during the 4th quarter valued at about $56,026,000. Charles Schwab Investment Management Inc. boosted its position in Nordstrom by 20.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,712,452 shares of the specialty retailer's stock valued at $41,356,000 after buying an additional 289,596 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in Nordstrom by 0.3% during the third quarter. Geode Capital Management LLC now owns 1,625,616 shares of the specialty retailer's stock worth $36,570,000 after buying an additional 5,407 shares during the last quarter. Institutional investors and hedge funds own 88.73% of the company's stock.

Nordstrom Trading Down 0.0 %

Shares of NYSE JWN traded down $0.00 during midday trading on Friday, reaching $23.86. 1,779,981 shares of the stock were exchanged, compared to its average volume of 2,592,997. 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 12 month low of $18.52 and a 12 month high of $24.99. The business has a 50-day simple moving average of $24.16 and a two-hundred day simple moving average of $23.72. The company has a market capitalization of $3.99 billion, a price-to-earnings ratio of 15.20 and a beta of 2.31.

Nordstrom (NYSE:JWN - Get Free Report) last announced its quarterly earnings results on Tuesday, March 4th. The specialty retailer reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.20. The company had revenue of $4.32 billion during the quarter, compared to the consensus estimate of $4.32 billion. Nordstrom had a negative return on equity of 18.04% and a negative net margin of 1.57%. As a group, equities research analysts expect that Nordstrom, Inc. will post 1.97 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently commented on JWN shares. Evercore ISI boosted their target price on Nordstrom from $22.00 to $24.00 and gave the stock an "in-line" rating in a report on Monday, January 13th. Barclays boosted their price objective on Nordstrom from $23.00 to $24.00 and gave the stock an "equal weight" rating in a research note on Thursday, January 16th. Argus lowered Nordstrom from a "buy" rating to a "sell" rating in a research note on Monday, December 30th. UBS Group upgraded shares of Nordstrom from a "sell" rating to a "neutral" rating and upped their price target for the stock from $14.50 to $24.00 in a research report on Friday, January 10th. Finally, Telsey Advisory Group restated a "market perform" rating and issued a $24.00 price objective on shares of Nordstrom in a research report on Wednesday, March 5th. 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. Based on data from MarketBeat, Nordstrom currently has a consensus rating of "Hold" and a consensus target price of $22.80.

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.