Nordstrom, Inc. (NYSE:JWN) Shares Bought by American Century Companies Inc.

American Century Companies Inc. grew its holdings in Nordstrom, Inc. (NYSE:JWN - Free Report) by 18.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,912,254 shares of the specialty retailer's stock after acquiring an additional 450,539 shares during the period. American Century Companies Inc. owned about 1.76% of Nordstrom worth $70,331,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Landscape Capital Management L.L.C. purchased a new stake in shares of Nordstrom during the third quarter worth approximately $212,000. Charles Schwab Investment Management Inc. increased its position in shares of Nordstrom by 17.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,422,856 shares of the specialty retailer's stock valued at $32,000,000 after purchasing an additional 208,193 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Nordstrom by 2.4% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 310,578 shares of the specialty retailer's stock valued at $6,985,000 after purchasing an additional 7,139 shares in the last quarter. Verition Fund Management LLC lifted its position in shares of Nordstrom by 147.4% during the 3rd quarter. Verition Fund Management LLC now owns 1,218,365 shares of the specialty retailer's stock worth $27,401,000 after purchasing an additional 725,803 shares during the last quarter. Finally, Maverick Capital Ltd. grew its stake in shares of Nordstrom by 45.8% during the third quarter. Maverick Capital Ltd. now owns 173,262 shares of the specialty retailer's stock worth $3,897,000 after purchasing an additional 54,428 shares in the last quarter. Hedge funds and other institutional investors own 88.73% of the company's stock.

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Nordstrom Stock Performance

Shares of JWN traded up $0.03 during mid-day trading on Friday, hitting $24.48. 1,232,669 shares of the company's stock were exchanged, compared to its average volume of 2,497,045. The firm has a market capitalization of $4.04 billion, a P/E ratio of 15.59 and a beta of 2.60. Nordstrom, Inc. has a fifty-two week low of $17.21 and a fifty-two week high of $24.99. The business's 50 day moving average is $24.29 and its two-hundred day moving average is $23.57. 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 posted its quarterly earnings data on Tuesday, March 4th. The specialty retailer reported $1.10 earnings per share for the quarter, topping analysts' consensus estimates 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 company had revenue of $4.32 billion during the quarter, compared to analysts' expectations of $4.32 billion. On average, equities analysts expect that Nordstrom, Inc. will post 1.97 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on JWN. Argus downgraded Nordstrom from a "buy" rating to a "sell" rating in a report on Monday, December 30th. Barclays boosted their target price on Nordstrom from $23.00 to $24.00 and gave the stock an "equal weight" rating in a research note on Thursday, January 16th. Evercore ISI increased their price target on shares of Nordstrom from $22.00 to $24.00 and gave the company an "in-line" rating in a research note on Monday, January 13th. Telsey Advisory Group reissued a "market perform" rating and set a $24.00 price objective on shares of Nordstrom in a report on Wednesday, March 5th. Finally, StockNews.com assumed coverage on shares of Nordstrom in a report on Sunday, March 23rd. They issued a "buy" rating for the company. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Nordstrom currently has an average rating of "Hold" and an average target price of $22.90.

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.