28,170 Shares in Nordstrom, Inc. (NYSE:JWN) Acquired by Moore Capital Management LP

Moore Capital Management LP acquired a new position in shares of Nordstrom, Inc. (NYSE:JWN - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 28,170 shares of the specialty retailer's stock, valued at approximately $680,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Cooper Creek Partners Management LLC increased its holdings in shares of 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 buying an additional 372,024 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Nordstrom by 4.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,265,322 shares of the specialty retailer's stock valued at $78,858,000 after purchasing an additional 138,900 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Nordstrom by 18.3% during the fourth 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 acquired a new position in shares of Nordstrom in the fourth quarter valued at approximately $61,582,000. Finally, Hennessy Advisors Inc. bought a new position in Nordstrom in the 4th quarter valued at approximately $56,026,000. Institutional investors own 88.73% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on JWN. Telsey Advisory Group reissued a "market perform" rating and set a $24.00 target price on shares of Nordstrom in a report on Wednesday, March 5th. Citigroup reaffirmed a "sell" rating and set a $22.00 target price (down from $25.00) on shares of Nordstrom in a research report on Friday, April 4th. Finally, StockNews.com began 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 assigned a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $22.80.

Nordstrom Trading Up 0.1%

Shares of Nordstrom stock traded up $0.02 on Monday, hitting $24.60. 11,173,541 shares of the company's stock traded hands, compared to its average volume of 3,286,449. The company has a fifty day moving average of $24.13 and a two-hundred day moving average of $23.91. Nordstrom, Inc. has a one year low of $19.45 and a one year high of $24.99. The company has a market capitalization of $4.11 billion, a price-to-earnings ratio of 15.67 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.

Nordstrom (NYSE:JWN - Get Free Report) last issued its quarterly earnings results on Tuesday, March 4th. The specialty retailer reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.20. The firm 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%. As a group, sell-side analysts expect that Nordstrom, Inc. will post 1.97 earnings per share for the current 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.