Moore Capital Management LP Purchases Shares of 28,170 Nordstrom, Inc. (NYSE:JWN)

Moore Capital Management LP purchased a new stake in Nordstrom, Inc. (NYSE:JWN - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 28,170 shares of the specialty retailer's stock, valued at approximately $680,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Cooper Creek Partners Management LLC boosted its position in Nordstrom by 11.0% in the 4th quarter. Cooper Creek Partners Management LLC now owns 3,757,847 shares of the specialty retailer's stock valued at $90,752,000 after buying an additional 372,024 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Nordstrom by 4.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,265,322 shares of the specialty retailer's stock worth $78,858,000 after purchasing an additional 138,900 shares during the last quarter. American Century Companies Inc. lifted 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 during the last quarter. Pentwater Capital Management LP purchased a new stake in shares of Nordstrom during the 4th quarter worth $61,582,000. Finally, Hennessy Advisors Inc. purchased a new stake in shares of Nordstrom during the 4th quarter worth $56,026,000. Hedge funds and other institutional investors own 88.73% of the company's stock.

Nordstrom Price Performance

Shares of JWN opened at $24.57 on Wednesday. Nordstrom, Inc. has a 1-year low of $19.45 and a 1-year high of $24.99. The stock has a market cap of $4.11 billion, a PE ratio of 15.65 and a beta of 2.36. The company has a debt-to-equity ratio of 2.65, a current ratio of 1.14 and a quick ratio of 0.35. The firm has a fifty day moving average price of $24.12 and a 200 day moving average price of $23.87.

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 for the quarter, beating analysts' consensus estimates of $0.90 by $0.20. Nordstrom had a negative net margin of 1.57% and a negative return on equity of 18.04%. The firm had revenue of $4.32 billion during the quarter, compared to analysts' expectations of $4.32 billion. As a group, sell-side analysts anticipate that Nordstrom, Inc. will post 1.97 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports 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 report on Friday, April 4th. StockNews.com assumed coverage on shares of Nordstrom in a research report on Saturday. They set a "buy" rating for the company. Telsey Advisory Group reaffirmed a "market perform" rating and set a $24.00 price objective on shares of Nordstrom in a research report on Wednesday, March 5th. Finally, Barclays lifted their price objective on shares of Nordstrom from $23.00 to $24.00 and gave the stock an "equal weight" rating in a research report on Thursday, January 16th. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Nordstrom presently has a consensus rating of "Hold" and an average price target of $22.80.

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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