Hudson Bay Capital Management LP Boosts Stock Position in Nordstrom, Inc. (NYSE:JWN)

Hudson Bay Capital Management LP raised its position in Nordstrom, Inc. (NYSE:JWN - Free Report) by 1,830.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 342,217 shares of the specialty retailer's stock after buying an additional 324,494 shares during the period. Hudson Bay Capital Management LP owned 0.21% of Nordstrom worth $8,265,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Deutsche Bank AG increased its position in shares of Nordstrom by 32.5% during the fourth quarter. Deutsche Bank AG now owns 45,755 shares of the specialty retailer's stock valued at $1,105,000 after acquiring an additional 11,235 shares during the last quarter. Caxton Associates LP bought a new stake in shares of Nordstrom during the 4th quarter worth $936,000. BNP Paribas Financial Markets raised its stake in shares of Nordstrom by 74.0% during the 4th quarter. BNP Paribas Financial Markets now owns 192,118 shares of the specialty retailer's stock worth $4,640,000 after purchasing an additional 81,706 shares during the period. Ameriprise Financial Inc. boosted its holdings in shares of Nordstrom by 34.4% in the 4th quarter. Ameriprise Financial Inc. now owns 330,389 shares of the specialty retailer's stock worth $7,979,000 after buying an additional 84,585 shares during the last quarter. Finally, AQR Arbitrage LLC bought a new position in Nordstrom during the fourth quarter valued at about $9,605,000. Hedge funds and other institutional investors own 88.73% of the company's stock.

Nordstrom Price Performance

NYSE:JWN traded down $0.05 during trading hours on Thursday, hitting $24.53. The stock had a trading volume of 3,896,964 shares, compared to its average volume of 2,651,811. The company has a 50 day simple moving average of $24.12 and a two-hundred day simple moving average of $23.88. The firm has a market capitalization of $4.10 billion, a price-to-earnings ratio of 15.62 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, Inc. has a one year low of $19.45 and a one year high of $24.99.

Nordstrom (NYSE:JWN - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $4.32 billion during 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%. Research analysts forecast that Nordstrom, Inc. will post 1.97 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

JWN has been the topic of a number of research analyst reports. Telsey Advisory Group reiterated a "market perform" rating and issued a $24.00 target price on shares of Nordstrom in a research note on Wednesday, March 5th. Citigroup reissued a "sell" rating and set a $22.00 price objective (down from $25.00) on shares of Nordstrom in a report on Friday, April 4th. Barclays upped their price target on Nordstrom from $23.00 to $24.00 and gave the company an "equal weight" rating in a research report on Thursday, January 16th. Finally, StockNews.com initiated coverage on Nordstrom in a report on Saturday, May 10th. They issued a "buy" rating for the company. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus 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.