Nordstrom, Inc. (NYSE:JWN) Shares Bought by Northern Trust Corp

Northern Trust Corp increased its position in Nordstrom, Inc. (NYSE:JWN - Free Report) by 30.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 960,648 shares of the specialty retailer's stock after buying an additional 223,935 shares during the period. Northern Trust Corp owned about 0.58% of Nordstrom worth $23,200,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of JWN. Tidal Investments LLC raised its position in shares of Nordstrom by 47.8% in the third quarter. Tidal Investments LLC now owns 17,602 shares of the specialty retailer's stock valued at $396,000 after buying an additional 5,690 shares during the last quarter. Franklin Resources Inc. raised its position in shares of Nordstrom by 29.9% in the third quarter. Franklin Resources Inc. now owns 50,294 shares of the specialty retailer's stock valued at $1,152,000 after buying an additional 11,583 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Nordstrom by 29.7% in the third quarter. JPMorgan Chase & Co. now owns 388,796 shares of the specialty retailer's stock valued at $8,744,000 after buying an additional 89,114 shares during the last quarter. Wedmont Private Capital raised its position in shares of Nordstrom by 6.7% in the fourth quarter. Wedmont Private Capital now owns 11,589 shares of the specialty retailer's stock valued at $278,000 after buying an additional 723 shares during the last quarter. Finally, Hennessy Advisors Inc. acquired a new position in shares of Nordstrom in the fourth quarter valued at approximately $56,026,000. Institutional investors and hedge funds own 88.73% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on JWN. StockNews.com began coverage on shares of Nordstrom in a research report on Sunday. They issued a "buy" rating for the company. Telsey Advisory Group restated a "market perform" rating and issued a $24.00 target price on shares of Nordstrom in a report on Wednesday, March 5th. Finally, Citigroup restated a "sell" rating and issued a $22.00 target price (down from $25.00) on shares of Nordstrom in a report on Friday, April 4th. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $22.80.

Nordstrom Price Performance

Nordstrom stock traded up $0.05 during trading hours on Friday, hitting $24.59. 16,043,887 shares of the company traded hands, compared to its average volume of 2,710,267. The firm has a market cap of $4.11 billion, a P/E ratio of 15.66 and a beta of 2.36. 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 firm's 50-day simple moving average is $24.13 and its two-hundred day simple moving average is $23.91. Nordstrom, Inc. has a 1-year low of $19.45 and a 1-year high of $24.99.

Nordstrom (NYSE:JWN - Get Free Report) last released its earnings results on Tuesday, March 4th. The specialty retailer reported $1.10 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 analysts' expectations of $4.32 billion. Nordstrom had a negative net margin of 1.57% and a negative return on equity of 18.04%. As a group, analysts forecast that Nordstrom, Inc. will post 1.97 earnings per share for the current fiscal year.

Nordstrom Company 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.