AXQ Capital LP lessened its holdings in Nordstrom, Inc. (NYSE:JWN - Free Report) by 50.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,851 shares of the specialty retailer's stock after selling 26,145 shares during the period. AXQ Capital LP's holdings in Nordstrom were worth $624,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors also recently bought and sold shares of the business. Retirement Systems of Alabama increased its position in shares of Nordstrom by 0.4% in the fourth quarter. Retirement Systems of Alabama now owns 117,801 shares of the specialty retailer's stock valued at $2,845,000 after buying an additional 512 shares in the last quarter. Freestone Capital Holdings LLC raised its position in Nordstrom by 3.0% during the fourth quarter. Freestone Capital Holdings LLC now owns 19,252 shares of the specialty retailer's stock worth $465,000 after acquiring an additional 558 shares during the period. Amalgamated Bank lifted its holdings in Nordstrom by 1.4% during the fourth quarter. Amalgamated Bank now owns 45,083 shares of the specialty retailer's stock valued at $1,089,000 after purchasing an additional 617 shares in the last quarter. Janney Montgomery Scott LLC grew its position 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 valued at $1,351,000 after purchasing an additional 640 shares during the period. Finally, Wedmont Private Capital increased its stake in shares of Nordstrom by 6.7% during the fourth quarter. Wedmont Private Capital now owns 11,589 shares of the specialty retailer's stock worth $278,000 after purchasing an additional 723 shares in the last quarter. Institutional investors and hedge funds own 88.73% of the company's stock.
Nordstrom Trading Up 0.1 %
Shares of Nordstrom stock traded up $0.02 during trading hours on Thursday, hitting $24.45. The company's stock had a trading volume of 1,574,864 shares, compared to its average volume of 2,464,894. The stock has a market cap of $4.04 billion, a price-to-earnings ratio of 15.58 and a beta of 2.60. 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, Inc. has a twelve month low of $17.21 and a twelve month high of $24.99. The firm has a fifty day moving average of $24.28 and a 200-day moving average of $23.53.
Nordstrom (NYSE:JWN - Get Free Report) last posted its earnings results on Tuesday, March 4th. The specialty retailer reported $1.10 EPS for the quarter, beating analysts' consensus estimates of $0.90 by $0.20. The company had revenue of $4.32 billion for the quarter, compared to analysts' expectations of $4.32 billion. Nordstrom had a negative net margin of 1.57% and a negative return on equity of 18.04%. Research analysts forecast that Nordstrom, Inc. will post 1.97 EPS for the current year.
Wall Street Analyst Weigh In
Several research firms recently issued reports on JWN. StockNews.com initiated coverage on Nordstrom in a report on Sunday. They issued a "buy" rating on the stock. Argus lowered Nordstrom from a "buy" rating to a "sell" rating in a research note on Monday, December 30th. Telsey Advisory Group reissued a "market perform" rating and issued a $24.00 price objective on shares of Nordstrom in a research note on Wednesday, March 5th. Bank of America upped their target price on shares of Nordstrom from $20.00 to $22.00 and gave the stock an "underperform" rating in a report on Wednesday, November 27th. Finally, UBS Group upgraded shares of Nordstrom from a "sell" rating to a "neutral" rating and increased their price objective for the company from $14.50 to $24.00 in a report on Friday, January 10th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $22.90.
Check Out Our Latest Analysis on JWN
About Nordstrom
(
Free Report)
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.
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