Nordstrom, Inc. (NYSE:JWN) Shares Sold by Stifel Financial Corp

Stifel Financial Corp reduced its stake in shares of Nordstrom, Inc. (NYSE:JWN - Free Report) by 58.1% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 75,946 shares of the specialty retailer's stock after selling 105,264 shares during the period. Stifel Financial Corp's holdings in Nordstrom were worth $1,834,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Spire Wealth Management raised its position in Nordstrom by 90.9% during the fourth quarter. Spire Wealth Management now owns 2,100 shares of the specialty retailer's stock valued at $51,000 after acquiring an additional 1,000 shares in the last quarter. Wolverine Asset Management LLC purchased a new position in shares of Nordstrom during the 4th quarter valued at approximately $63,000. Vestcor Inc purchased a new stake in Nordstrom during the fourth quarter worth $63,000. Atlas Capital Advisors Inc. boosted its holdings in Nordstrom by 45.5% during the fourth quarter. Atlas Capital Advisors Inc. now owns 4,446 shares of the specialty retailer's stock worth $107,000 after buying an additional 1,391 shares in the last quarter. Finally, KBC Group NV grew its position in Nordstrom by 36.5% during the fourth quarter. KBC Group NV now owns 4,816 shares of the specialty retailer's stock valued at $116,000 after buying an additional 1,287 shares during the period. Hedge funds and other institutional investors own 88.73% of the company's stock.

Nordstrom Trading Up 0.1 %

JWN traded up $0.02 on Friday, hitting $24.40. The company had a trading volume of 1,757,373 shares, compared to its average volume of 2,610,871. The company's fifty day moving average price is $24.11 and its 200 day moving average price is $23.84. Nordstrom, Inc. has a 1 year low of $19.45 and a 1 year 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. The firm has a market cap of $4.08 billion, a P/E ratio of 15.54 and a beta of 2.36.

Nordstrom (NYSE:JWN - Get Free Report) last issued its quarterly earnings data on Tuesday, March 4th. The specialty retailer reported $1.10 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 firm had revenue of $4.32 billion for the quarter, compared to analyst estimates of $4.32 billion. As a group, equities analysts expect that Nordstrom, Inc. will post 1.97 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Evercore ISI lifted their price target on Nordstrom from $22.00 to $24.00 and gave the company an "in-line" rating in a research note on Monday, January 13th. Citigroup reiterated a "sell" rating and set a $22.00 target price (down previously from $25.00) on shares of Nordstrom in a research report on Friday, April 4th. Telsey Advisory Group restated a "market perform" rating and set a $24.00 price objective on shares of Nordstrom in a research report on Wednesday, March 5th. Barclays raised their price target on shares of Nordstrom from $23.00 to $24.00 and gave the company an "equal weight" rating in a research note on Thursday, January 16th. Finally, UBS Group raised shares of Nordstrom from a "sell" rating to a "neutral" rating and raised their price target for the stock from $14.50 to $24.00 in a research note on Friday, January 10th. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $22.80.

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.