Northern Trust Corp Increases Stake in Nordstrom, Inc. (NYSE:JWN)

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

A number of other large investors also recently bought and sold shares of the company. Spire Wealth Management grew its stake in shares of Nordstrom by 90.9% during the 4th quarter. Spire Wealth Management now owns 2,100 shares of the specialty retailer's stock worth $51,000 after purchasing an additional 1,000 shares during the period. Wolverine Asset Management LLC acquired a new position in shares of Nordstrom during the 4th quarter worth $63,000. Vestcor Inc acquired a new position in shares of Nordstrom during the 4th quarter worth $63,000. Atlas Capital Advisors Inc. grew its stake in shares of Nordstrom by 45.5% during the 4th quarter. Atlas Capital Advisors Inc. now owns 4,446 shares of the specialty retailer's stock worth $107,000 after purchasing an additional 1,391 shares during the period. Finally, KBC Group NV grew its stake in shares of Nordstrom by 36.5% during the 4th quarter. KBC Group NV now owns 4,816 shares of the specialty retailer's stock worth $116,000 after purchasing an additional 1,287 shares during the period. Hedge funds and other institutional investors own 88.73% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on JWN. StockNews.com began coverage on shares of Nordstrom in a research note on Saturday, May 10th. They set a "buy" rating on the stock. Telsey Advisory Group reaffirmed a "market perform" rating and set a $24.00 price target on shares of Nordstrom in a research note on Wednesday, March 5th. Barclays upped their price target on shares of Nordstrom from $23.00 to $24.00 and gave the stock an "equal weight" rating in a research note on Thursday, January 16th. Finally, Citigroup reissued a "sell" rating and issued a $22.00 price objective (down from $25.00) on shares of Nordstrom in a research note on Friday, April 4th. Four equities 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 company. According to data from MarketBeat.com, Nordstrom currently has an average rating of "Hold" and a consensus price target of $22.80.

Nordstrom Price Performance

NYSE JWN traded down $0.05 during trading hours on Thursday, reaching $24.53. The company's stock had a trading volume of 3,896,964 shares, compared to its average volume of 2,652,349. Nordstrom, Inc. has a fifty-two week low of $19.45 and a fifty-two week high of $24.99. The stock has a market cap of $4.10 billion, a PE ratio of 15.62 and a beta of 2.36. The company's 50-day moving average is $24.12 and its two-hundred day moving average is $23.88. 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 (NYSE:JWN - Get Free Report) last released its quarterly 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 net margin of 1.57% and a negative return on equity of 18.04%. The company had revenue of $4.32 billion for the quarter, compared to analysts' expectations of $4.32 billion. Analysts forecast that Nordstrom, Inc. will post 1.97 EPS for the current year.

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.