ClearAlpha Technologies LP Buys New Stake in Nordstrom, Inc. (NYSE:JWN)

ClearAlpha Technologies LP purchased a new position in Nordstrom, Inc. (NYSE:JWN - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 93,722 shares of the specialty retailer's stock, valued at approximately $2,263,000. Nordstrom makes up approximately 1.6% of ClearAlpha Technologies LP's investment portfolio, making the stock its 17th biggest holding. ClearAlpha Technologies LP owned about 0.06% of Nordstrom as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cooper Creek Partners Management LLC increased its position in Nordstrom by 11.0% in the fourth quarter. Cooper Creek Partners Management LLC now owns 3,757,847 shares of the specialty retailer's stock worth $90,752,000 after purchasing an additional 372,024 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Nordstrom by 4.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,265,322 shares of the specialty retailer's stock worth $78,858,000 after buying an additional 138,900 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Nordstrom by 18.3% in the 4th quarter. American Century Companies Inc. now owns 2,912,254 shares of the specialty retailer's stock worth $70,331,000 after buying an additional 450,539 shares during the last quarter. Hennessy Advisors Inc. purchased a new stake in shares of Nordstrom during the 4th quarter valued at about $56,026,000. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Nordstrom by 20.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,712,452 shares of the specialty retailer's stock valued at $41,356,000 after buying an additional 289,596 shares in the last quarter. Institutional investors own 88.73% of the company's stock.

Nordstrom Stock Performance

Nordstrom stock traded down $0.07 during mid-day trading on Friday, reaching $24.16. 3,086,608 shares of the company traded hands, compared to its average volume of 2,605,243. Nordstrom, Inc. has a fifty-two week low of $18.57 and a fifty-two week high of $24.99. The firm's fifty day moving average is $24.14 and its two-hundred day moving average is $23.77. 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 company has a market capitalization of $4.04 billion, a price-to-earnings ratio of 15.39 and a beta of 2.31.

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, beating the consensus estimate 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 firm had revenue of $4.32 billion for the quarter, compared to the consensus estimate of $4.32 billion. On average, equities research analysts expect that Nordstrom, Inc. will post 1.97 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Evercore ISI boosted their price objective on Nordstrom from $22.00 to $24.00 and gave the stock an "in-line" rating in a research note on Monday, January 13th. Barclays increased their price target on Nordstrom from $23.00 to $24.00 and gave the company an "equal weight" rating in a report on Thursday, January 16th. Telsey Advisory Group reiterated a "market perform" rating and set a $24.00 price objective on shares of Nordstrom in a research report on Wednesday, March 5th. StockNews.com started coverage on shares of Nordstrom in a report on Thursday. They issued a "buy" rating for the company. Finally, Argus downgraded shares of Nordstrom from a "buy" rating to a "sell" rating in a report on Monday, December 30th. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $22.80.

Nordstrom 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.