Empowered Funds LLC purchased a new stake in Nordstrom, Inc. (NYSE:JWN - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 15,633 shares of the specialty retailer's stock, valued at approximately $378,000.
A number of other hedge funds have also added to or reduced their stakes in JWN. Venturi Wealth Management LLC lifted its holdings in shares of Nordstrom by 355.9% in the third quarter. Venturi Wealth Management LLC now owns 1,272 shares of the specialty retailer's stock valued at $29,000 after purchasing an additional 993 shares in the last quarter. Spire Wealth Management lifted its stake in 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 in the last quarter. CWM LLC lifted its stake in Nordstrom by 28.7% during the 3rd quarter. CWM LLC now owns 3,628 shares of the specialty retailer's stock valued at $82,000 after acquiring an additional 810 shares in the last quarter. Blue Trust Inc. boosted its holdings in Nordstrom by 57.7% during the 3rd quarter. Blue Trust Inc. now owns 3,839 shares of the specialty retailer's stock worth $81,000 after acquiring an additional 1,404 shares during the last quarter. Finally, KBC Group NV grew its stake in shares of Nordstrom by 36.5% in the 4th quarter. KBC Group NV now owns 4,816 shares of the specialty retailer's stock worth $116,000 after acquiring an additional 1,287 shares in the last quarter. Institutional investors and hedge funds own 88.73% of the company's stock.
Nordstrom Stock Performance
NYSE:JWN traded down $0.03 on Friday, reaching $24.33. 2,008,569 shares of the company's stock were exchanged, compared to its average volume of 2,282,087. The firm has a market cap of $4.01 billion, a price-to-earnings ratio of 15.49 and a beta of 2.51. 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 fifty day simple moving average of $24.13 and a 200-day simple moving average of $23.14. Nordstrom, Inc. has a 52 week low of $16.78 and a 52 week high of $24.99.
Nordstrom (NYSE:JWN - Get Free Report) last released its quarterly earnings data on Tuesday, November 26th. The specialty retailer reported $0.33 EPS for the quarter, topping the consensus estimate of $0.22 by $0.11. Nordstrom had a negative net margin of 1.57% and a negative return on equity of 18.04%. The company had revenue of $3.35 billion during the quarter, compared to the consensus estimate of $3.34 billion. During the same period last year, the firm earned $0.25 EPS. Nordstrom's revenue for the quarter was up 4.6% on a year-over-year basis. As a group, sell-side analysts predict that Nordstrom, Inc. will post 1.97 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of research analysts recently weighed in on the stock. Citigroup raised their price target on shares of Nordstrom from $22.00 to $23.00 and gave the company a "neutral" rating in a research report on Tuesday, November 19th. Telsey Advisory Group restated a "market perform" rating and issued a $24.00 target price on shares of Nordstrom in a research note on Monday, January 13th. Evercore ISI upped their target price on Nordstrom from $22.00 to $24.00 and gave the company an "in-line" rating in a report on Monday, January 13th. StockNews.com assumed coverage on Nordstrom in a report on Wednesday. They set a "buy" rating on the stock. Finally, Argus cut Nordstrom from a "buy" rating to a "sell" rating in a research report on Monday, December 30th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, Nordstrom has a consensus rating of "Hold" and a consensus target price of $22.17.
Check Out 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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