156,000 Shares in Nordstrom, Inc. (NYSE:JWN) Purchased by Madison Investment Advisors LLC

Madison Investment Advisors LLC bought a new stake in Nordstrom, Inc. (NYSE:JWN - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 156,000 shares of the specialty retailer's stock, valued at approximately $3,767,000. Madison Investment Advisors LLC owned about 0.09% of Nordstrom at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Hennessy Advisors Inc. purchased a new stake in shares of Nordstrom during the fourth quarter valued at approximately $56,026,000. Great Lakes Advisors LLC acquired a new position in Nordstrom in the fourth quarter worth $21,736,000. Verition Fund Management LLC boosted its holdings in shares of Nordstrom by 147.4% in the 3rd quarter. Verition Fund Management LLC now owns 1,218,365 shares of the specialty retailer's stock valued at $27,401,000 after buying an additional 725,803 shares during the period. Versor Investments LP bought a new stake in shares of Nordstrom during the 4th quarter valued at about $9,409,000. Finally, Charles Schwab Investment Management Inc. raised its stake in Nordstrom by 20.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,712,452 shares of the specialty retailer's stock worth $41,356,000 after acquiring an additional 289,596 shares during the period. Hedge funds and other institutional investors own 88.73% of the company's stock.

Analyst Ratings Changes

A number of brokerages have commented on JWN. UBS Group upgraded Nordstrom from a "sell" rating to a "neutral" rating and lifted their target price for the company from $14.50 to $24.00 in a research note on Friday, January 10th. Argus lowered Nordstrom from a "buy" rating to a "sell" rating in a research report on Monday, December 30th. StockNews.com assumed coverage on Nordstrom in a research report on Sunday. They issued a "buy" rating on the stock. Evercore ISI boosted their price target on shares of Nordstrom from $22.00 to $24.00 and gave the company an "in-line" rating in a report on Monday, January 13th. Finally, Bank of America raised their price objective on shares of Nordstrom from $20.00 to $22.00 and gave the company an "underperform" rating in a research note on Wednesday, November 27th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $22.90.

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Nordstrom Trading Up 0.1 %

Shares of NYSE:JWN traded up $0.03 during mid-day trading on Tuesday, hitting $24.40. The stock had a trading volume of 1,164,994 shares, compared to its average volume of 2,481,564. The company has a market cap of $4.03 billion, a PE ratio of 15.54 and a beta of 2.60. Nordstrom, Inc. has a 12-month low of $17.21 and a 12-month high of $24.99. The company has a debt-to-equity ratio of 2.65, a quick ratio of 0.35 and a current ratio of 1.14. The company's 50 day moving average is $24.27 and its 200-day moving average is $23.53.

Nordstrom (NYSE:JWN - Get Free Report) last released its earnings results on Tuesday, March 4th. The specialty retailer reported $1.10 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 during 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.

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.