Gamco Investors INC. ET AL Takes $333,000 Position in Nordstrom, Inc. (NYSE:JWN)

Gamco Investors INC. ET AL acquired a new stake in Nordstrom, Inc. (NYSE:JWN - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 13,800 shares of the specialty retailer's stock, valued at approximately $333,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Retirement Systems of Alabama grew its stake in Nordstrom by 0.4% during the 4th quarter. Retirement Systems of Alabama now owns 117,801 shares of the specialty retailer's stock valued at $2,845,000 after acquiring an additional 512 shares in the last quarter. Freestone Capital Holdings LLC increased its stake in shares of Nordstrom by 3.0% in the 4th quarter. Freestone Capital Holdings LLC now owns 19,252 shares of the specialty retailer's stock worth $465,000 after acquiring an additional 558 shares during the last quarter. Amalgamated Bank raised its holdings in shares of Nordstrom by 1.4% during the 4th quarter. Amalgamated Bank now owns 45,083 shares of the specialty retailer's stock worth $1,089,000 after acquiring an additional 617 shares during the period. Janney Montgomery Scott LLC grew its holdings in shares of Nordstrom by 1.2% in the fourth quarter. Janney Montgomery Scott LLC now owns 55,956 shares of the specialty retailer's stock valued at $1,351,000 after purchasing an additional 640 shares during the period. Finally, Wedmont Private Capital boosted its holdings in Nordstrom by 6.7% in the 4th quarter. Wedmont Private Capital now owns 11,589 shares of the specialty retailer's stock valued at $278,000 after purchasing an additional 723 shares during the last quarter. Institutional investors and hedge funds own 88.73% of the company's stock.

Analyst Ratings Changes

JWN has been the subject of several analyst reports. Citigroup reiterated a "sell" rating and issued a $22.00 price objective (down from $25.00) on shares of Nordstrom in a research report on Friday, April 4th. UBS Group upgraded Nordstrom from a "sell" rating to a "neutral" rating and increased their price target for the stock from $14.50 to $24.00 in a report on Friday, January 10th. Barclays boosted their price objective on shares of Nordstrom from $23.00 to $24.00 and gave the company an "equal weight" rating in a report on Thursday, January 16th. Argus lowered shares of Nordstrom from a "buy" rating to a "sell" rating in a research note on Monday, December 30th. Finally, StockNews.com initiated coverage on shares of Nordstrom in a research note on Thursday. They issued a "buy" rating on the stock. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, Nordstrom has an average rating of "Hold" and an average target price of $22.80.

Nordstrom Stock Up 0.4 %

Shares of NYSE:JWN traded up $0.09 during trading on Thursday, hitting $24.22. The company's stock had a trading volume of 1,673,498 shares, compared to its average volume of 2,602,536. The company has a market capitalization of $4.05 billion, a PE ratio of 15.43 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. Nordstrom, Inc. has a fifty-two week low of $18.57 and a fifty-two week high of $24.99. The business has a 50 day moving average price of $24.14 and a two-hundred day moving average price of $23.75.

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 (EPS) for the quarter, beating analysts' consensus estimates 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 company had revenue of $4.32 billion for the quarter, compared to analyst estimates of $4.32 billion. As a group, research analysts expect that Nordstrom, Inc. will post 1.97 EPS for the current fiscal year.

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.