LSV Asset Management Purchases 121,700 Shares of Nordstrom, Inc. (NYSE:JWN)

LSV Asset Management increased its holdings in Nordstrom, Inc. (NYSE:JWN - Free Report) by 8.8% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,506,689 shares of the specialty retailer's stock after buying an additional 121,700 shares during the period. LSV Asset Management owned 0.91% of Nordstrom worth $36,387,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in JWN. Orion Portfolio Solutions LLC bought a new stake in Nordstrom during the third quarter valued at approximately $215,000. MML Investors Services LLC lifted its stake in Nordstrom by 24.7% during the third quarter. MML Investors Services LLC now owns 20,097 shares of the specialty retailer's stock worth $452,000 after purchasing an additional 3,981 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Nordstrom by 0.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,625,616 shares of the specialty retailer's stock worth $36,570,000 after purchasing an additional 5,407 shares in the last quarter. Virtu Financial LLC purchased a new position in shares of Nordstrom during the 3rd quarter valued at about $451,000. Finally, Sanctuary Advisors LLC lifted its position in Nordstrom by 160.9% in the 3rd quarter. Sanctuary Advisors LLC now owns 51,071 shares of the specialty retailer's stock worth $1,187,000 after buying an additional 31,498 shares during the last quarter. 88.73% of the stock is currently owned by institutional investors.

Nordstrom Trading Up 0.6 %

Shares of NYSE JWN traded up $0.14 during midday trading on Thursday, hitting $24.00. 710,148 shares of the company traded hands, compared to its average volume of 2,607,150. The company has a debt-to-equity ratio of 2.65, a quick ratio of 0.35 and a current ratio of 1.14. Nordstrom, Inc. has a 12-month low of $17.63 and a 12-month high of $24.99. The stock has a 50-day moving average price of $24.18 and a 200 day moving average price of $23.68. The firm has a market cap of $4.01 billion, a P/E ratio of 15.28 and a beta of 2.31.

Nordstrom (NYSE:JWN - Get Free Report) last announced its 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. 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 analyst estimates of $4.32 billion. As a group, analysts expect that Nordstrom, Inc. will post 1.97 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on JWN. Barclays boosted their price objective on shares of Nordstrom from $23.00 to $24.00 and gave the stock an "equal weight" rating in a report on Thursday, January 16th. StockNews.com assumed coverage on Nordstrom in a research note on Wednesday. They issued a "buy" rating for the company. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $24.00 price target on shares of Nordstrom in a research note on Wednesday, March 5th. Evercore ISI increased their price objective on Nordstrom from $22.00 to $24.00 and gave the company an "in-line" rating in a research note on Monday, January 13th. Finally, Argus lowered shares of Nordstrom from a "buy" rating to a "sell" rating in a report on Monday, December 30th. Four analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target 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.