Maven Securities LTD Makes New Investment in Nordstrom, Inc. (NYSE:JWN)

Maven Securities LTD acquired a new position in shares of Nordstrom, Inc. (NYSE:JWN - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 15,000 shares of the specialty retailer's stock, valued at approximately $362,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Moore Capital Management LP purchased a new position in Nordstrom during the fourth quarter worth $680,000. Lazard Asset Management LLC boosted its stake in Nordstrom by 218.3% during the fourth quarter. Lazard Asset Management LLC now owns 19,711 shares of the specialty retailer's stock worth $474,000 after buying an additional 13,518 shares during the period. Hudson Bay Capital Management LP boosted its stake in Nordstrom by 1,830.9% during the fourth quarter. Hudson Bay Capital Management LP now owns 342,217 shares of the specialty retailer's stock worth $8,265,000 after buying an additional 324,494 shares during the period. Deutsche Bank AG boosted its stake in Nordstrom by 32.5% during the fourth quarter. Deutsche Bank AG now owns 45,755 shares of the specialty retailer's stock worth $1,105,000 after buying an additional 11,235 shares during the period. Finally, Caxton Associates LP purchased a new position in Nordstrom during the fourth quarter worth $936,000. 88.73% of the stock is owned by hedge funds and other institutional investors.

Nordstrom Stock Up 0.2%

Shares of JWN stock traded up $0.05 on Friday, hitting $24.59. The stock had a trading volume of 16,043,887 shares, compared to its average volume of 2,706,428. 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 50 day moving average price of $24.13 and a 200 day moving average price of $23.89. The company has a market cap of $4.11 billion, a PE ratio of 15.66 and a beta of 2.36. Nordstrom, Inc. has a one year low of $19.45 and a one year high of $24.99.

Nordstrom (NYSE:JWN - Get Free Report) last released its quarterly earnings data on Tuesday, March 4th. The specialty retailer reported $1.10 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.20. The firm 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%. Research analysts anticipate that Nordstrom, Inc. will post 1.97 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Citigroup reaffirmed a "sell" rating and set a $22.00 price objective (down from $25.00) on shares of Nordstrom in a research note on Friday, April 4th. StockNews.com started coverage on shares of Nordstrom in a research note on Saturday, May 10th. They set a "buy" rating for the company. Finally, Telsey Advisory Group reissued a "market perform" rating and set a $24.00 target price on shares of Nordstrom in a research note on Wednesday, March 5th. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, the stock presently 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.