CenterBook Partners LP Invests $370,000 in Nordstrom, Inc. (NYSE:JWN)

CenterBook Partners LP acquired a new position in Nordstrom, Inc. (NYSE:JWN - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,329 shares of the specialty retailer's stock, valued at approximately $370,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Spire Wealth Management increased its holdings 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 acquiring an additional 1,000 shares during the last quarter. Wolverine Asset Management LLC acquired a new stake in shares of Nordstrom in the fourth quarter valued at about $63,000. Vestcor Inc bought a new position in shares of Nordstrom in the fourth quarter worth about $63,000. Atlas Capital Advisors Inc. lifted its position in shares of Nordstrom by 45.5% during the 4th quarter. Atlas Capital Advisors Inc. now owns 4,446 shares of the specialty retailer's stock worth $107,000 after purchasing an additional 1,391 shares during the last quarter. Finally, KBC Group NV boosted its stake in Nordstrom by 36.5% during the 4th quarter. KBC Group NV now owns 4,816 shares of the specialty retailer's stock valued at $116,000 after purchasing an additional 1,287 shares during the period. Institutional investors own 88.73% of the company's stock.

Nordstrom Trading Down 0.0 %

Shares of NYSE JWN traded down $0.00 during mid-day trading on Friday, hitting $23.86. The company's stock had a trading volume of 1,779,981 shares, compared to its average volume of 2,612,693. The company has a debt-to-equity ratio of 2.65, a current ratio of 1.14 and a quick ratio of 0.35. The stock has a market cap of $3.99 billion, a price-to-earnings ratio of 15.20 and a beta of 2.31. The company's fifty day simple moving average is $24.17 and its 200-day simple moving average is $23.69. Nordstrom, Inc. has a one year low of $17.91 and a one year high of $24.99.

Nordstrom (NYSE:JWN - Get Free Report) last issued 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. The firm had revenue of $4.32 billion for the quarter, compared to analysts' expectations of $4.32 billion. Nordstrom had a negative return on equity of 18.04% and a negative net margin of 1.57%. On average, sell-side analysts anticipate that Nordstrom, Inc. will post 1.97 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on JWN shares. Citigroup reiterated a "sell" rating and set a $22.00 price target (down from $25.00) on shares of Nordstrom in a report on Friday, April 4th. UBS Group raised shares of Nordstrom from a "sell" rating to a "neutral" rating and increased their price target for the company from $14.50 to $24.00 in a report on Friday, January 10th. Evercore ISI boosted their price objective on shares of Nordstrom from $22.00 to $24.00 and gave the stock an "in-line" rating in a report on Monday, January 13th. Barclays increased their target price 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, Argus cut Nordstrom from a "buy" rating to a "sell" rating in a report on Monday, December 30th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target 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.