Federated Hermes Inc. Trims Stake in Nordstrom, Inc. (NYSE:JWN)

Federated Hermes Inc. lessened its stake in shares of Nordstrom, Inc. (NYSE:JWN - Free Report) by 96.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 9,992 shares of the specialty retailer's stock after selling 300,084 shares during the period. Federated Hermes Inc.'s holdings in Nordstrom were worth $241,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. American Century Companies Inc. raised its position in Nordstrom by 18.3% in the fourth quarter. American Century Companies Inc. now owns 2,912,254 shares of the specialty retailer's stock valued at $70,331,000 after purchasing an additional 450,539 shares during the period. Hennessy Advisors Inc. purchased a new stake in Nordstrom in the 4th quarter valued at about $56,026,000. Charles Schwab Investment Management Inc. lifted its position in Nordstrom by 20.4% in the fourth 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 during the last quarter. Geode Capital Management LLC boosted its stake in Nordstrom by 0.3% during the third quarter. Geode Capital Management LLC now owns 1,625,616 shares of the specialty retailer's stock worth $36,570,000 after buying an additional 5,407 shares during the period. Finally, Norges Bank acquired a new stake in shares of Nordstrom during the fourth quarter valued at about $33,480,000. Institutional investors and hedge funds own 88.73% of the company's stock.

Nordstrom Stock Up 0.1 %

NYSE JWN traded up $0.02 on Thursday, hitting $24.15. 392,639 shares of the stock were exchanged, compared to its average volume of 2,994,381. Nordstrom, Inc. has a fifty-two week low of $18.57 and a fifty-two week high of $24.99. The company has a 50-day moving average price of $24.14 and a 200-day moving average price of $23.75. The company has a market cap of $4.04 billion, a PE ratio of 15.38 and a beta of 2.31. The company has a quick ratio of 0.35, a current ratio of 1.14 and a debt-to-equity ratio of 2.65.

Nordstrom (NYSE:JWN - Get Free Report) last posted its quarterly earnings results on Tuesday, March 4th. The specialty retailer reported $1.10 earnings per share 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 return on equity of 18.04% and a negative net margin of 1.57%. Sell-side analysts anticipate that Nordstrom, Inc. will post 1.97 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on JWN shares. Evercore ISI increased their price objective on shares of Nordstrom from $22.00 to $24.00 and gave the stock an "in-line" rating in a research report on Monday, January 13th. Citigroup restated a "sell" rating and set a $22.00 price target (down from $25.00) on shares of Nordstrom in a research report on Friday, April 4th. StockNews.com started coverage on Nordstrom in a report on Thursday. They issued a "buy" rating on the stock. Telsey Advisory Group restated a "market perform" rating and set a $24.00 target price on shares of Nordstrom in a report on Wednesday, March 5th. Finally, Barclays boosted their price target on shares of Nordstrom from $23.00 to $24.00 and gave the stock an "equal weight" rating in a research note on Thursday, January 16th. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price 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.