Gotham Asset Management LLC Sells 93,056 Shares of Nordstrom, Inc. (NYSE:JWN)

Gotham Asset Management LLC cut its stake in shares of Nordstrom, Inc. (NYSE:JWN - Free Report) by 56.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 71,259 shares of the specialty retailer's stock after selling 93,056 shares during the period. Gotham Asset Management LLC's holdings in Nordstrom were worth $1,721,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Retirement Systems of Alabama raised its holdings in Nordstrom by 0.4% in the 4th quarter. Retirement Systems of Alabama now owns 117,801 shares of the specialty retailer's stock worth $2,845,000 after purchasing an additional 512 shares during the period. Freestone Capital Holdings LLC increased its position in Nordstrom by 3.0% in the fourth quarter. Freestone Capital Holdings LLC now owns 19,252 shares of the specialty retailer's stock worth $465,000 after buying an additional 558 shares in the last quarter. Amalgamated Bank raised its stake in shares of Nordstrom by 1.4% in the fourth quarter. Amalgamated Bank now owns 45,083 shares of the specialty retailer's stock worth $1,089,000 after buying an additional 617 shares during the period. Janney Montgomery Scott LLC raised its stake in shares of Nordstrom by 1.2% in the fourth quarter. Janney Montgomery Scott LLC now owns 55,956 shares of the specialty retailer's stock worth $1,351,000 after buying an additional 640 shares during the period. Finally, Wedmont Private Capital lifted its position in shares of Nordstrom by 6.7% during the 4th 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 in the last quarter. 88.73% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on JWN. Citigroup reissued a "sell" rating and set a $22.00 target price (down previously from $25.00) on shares of Nordstrom in a research note on Friday, April 4th. StockNews.com initiated coverage on shares of Nordstrom in a research report on Sunday. They set a "buy" rating on the stock. Finally, Telsey Advisory Group restated a "market perform" rating and set a $24.00 target price on shares of Nordstrom in a research report on Wednesday, March 5th. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, Nordstrom presently has an average rating of "Hold" and an average price target of $22.80.

Nordstrom Trading Up 0.1%

NYSE:JWN traded up $0.03 during midday trading on Tuesday, hitting $24.67. 50,669,665 shares of the company traded hands, compared to its average volume of 2,987,314. The firm has a market capitalization of $4.13 billion, a P/E ratio of 15.71 and a beta of 2.36. The firm's fifty day moving average is $24.14 and its 200-day moving average is $23.92. Nordstrom, Inc. has a 12-month low of $19.45 and a 12-month high of $24.99. The company has a current ratio of 1.14, a quick ratio of 0.35 and a debt-to-equity ratio of 2.65.

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 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 for the quarter, compared to the consensus estimate of $4.32 billion. On average, sell-side analysts predict that Nordstrom, Inc. will post 1.97 EPS 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.