Brandywine Global Investment Management LLC raised its position in shares of Nordstrom, Inc. (NYSE:JWN - Free Report) by 8.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 505,060 shares of the specialty retailer's stock after purchasing an additional 40,697 shares during the period. Brandywine Global Investment Management LLC owned 0.31% of Nordstrom worth $12,197,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also bought and sold shares of JWN. Spire Wealth Management lifted its position in shares of Nordstrom by 90.9% during the 4th quarter. Spire Wealth Management now owns 2,100 shares of the specialty retailer's stock valued at $51,000 after buying an additional 1,000 shares during the last quarter. Wolverine Asset Management LLC purchased a new stake in Nordstrom during the fourth quarter valued at about $63,000. Vestcor Inc bought a new position in Nordstrom during the fourth quarter worth about $63,000. KBC Group NV increased its stake in shares of Nordstrom by 36.5% in the fourth quarter. KBC Group NV now owns 4,816 shares of the specialty retailer's stock worth $116,000 after purchasing an additional 1,287 shares in the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund bought a new stake in shares of Nordstrom in the fourth quarter valued at approximately $122,000. 88.73% of the stock is owned by hedge funds and other institutional investors.
Nordstrom Price Performance
JWN traded down $0.63 on Friday, reaching $23.33. The company had a trading volume of 14,033,692 shares, compared to its average volume of 2,544,464. Nordstrom, Inc. has a 52-week low of $17.21 and a 52-week high of $24.99. The company has a market cap of $3.85 billion, a price-to-earnings ratio of 14.86 and a beta of 2.31. 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 business has a 50 day simple moving average of $24.29 and a 200 day simple moving average of $23.63.
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, beating 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 analysts' expectations of $4.32 billion. As a group, sell-side analysts anticipate that Nordstrom, Inc. will post 1.97 EPS for the current year.
Wall Street Analyst Weigh In
JWN has been the subject of several analyst reports. Barclays raised their price objective on shares of Nordstrom from $23.00 to $24.00 and gave the stock an "equal weight" rating in a report on Thursday, January 16th. 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 report on Monday, January 13th. Citigroup reissued a "sell" rating and set a $22.00 price objective (down previously from $25.00) on shares of Nordstrom in a report on Friday. Argus downgraded Nordstrom from a "buy" rating to a "sell" rating in a research note on Monday, December 30th. Finally, UBS Group upgraded Nordstrom from a "sell" rating to a "neutral" rating and upped their price target for the company from $14.50 to $24.00 in a research report on Friday, January 10th. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $22.80.
View Our Latest Report on Nordstrom
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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