Nordstrom, Inc. (NYSE:JWN) Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC trimmed its stake in shares of Nordstrom, Inc. (NYSE:JWN - Free Report) by 32.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 45,833 shares of the specialty retailer's stock after selling 22,382 shares during the period. HighTower Advisors LLC's holdings in Nordstrom were worth $1,107,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of JWN. Retirement Systems of Alabama grew its stake in Nordstrom by 0.4% in 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 during the last quarter. Freestone Capital Holdings LLC lifted its holdings in shares of Nordstrom by 3.0% in the fourth quarter. Freestone Capital Holdings LLC now owns 19,252 shares of the specialty retailer's stock valued at $465,000 after purchasing an additional 558 shares in the last quarter. Amalgamated Bank grew its position in shares of Nordstrom by 1.4% in the fourth quarter. Amalgamated Bank now owns 45,083 shares of the specialty retailer's stock valued at $1,089,000 after purchasing an additional 617 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in shares of Nordstrom by 1.2% during the 4th quarter. Janney Montgomery Scott LLC now owns 55,956 shares of the specialty retailer's stock worth $1,351,000 after purchasing an additional 640 shares in the last quarter. Finally, Wedmont Private Capital raised its position in shares of Nordstrom by 6.7% during the 4th quarter. Wedmont Private Capital now owns 11,589 shares of the specialty retailer's stock worth $278,000 after purchasing an additional 723 shares during the last quarter. Hedge funds and other institutional investors own 88.73% of the company's stock.

Remove Ads

Nordstrom Trading Up 0.1 %

NYSE JWN traded up $0.03 during mid-day trading on Friday, hitting $24.48. The company's stock had a trading volume of 1,232,669 shares, compared to its average volume of 2,497,045. The firm has a market capitalization of $4.04 billion, a P/E ratio of 15.59 and a beta of 2.60. The company has a debt-to-equity ratio of 2.65, a current ratio of 1.14 and a quick ratio of 0.35. Nordstrom, Inc. has a 52-week low of $17.21 and a 52-week high of $24.99. The stock's fifty day simple moving average is $24.29 and its two-hundred day simple moving average is $23.58.

Nordstrom (NYSE:JWN - Get Free Report) last issued its earnings results on Tuesday, March 4th. The specialty retailer reported $1.10 EPS for the quarter, beating analysts' consensus estimates of $0.90 by $0.20. Nordstrom had a negative net margin of 1.57% and a negative return on equity of 18.04%. The business had revenue of $4.32 billion for the quarter, compared to the consensus estimate of $4.32 billion. Research analysts expect that Nordstrom, Inc. will post 1.97 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on JWN shares. UBS Group upgraded Nordstrom from a "sell" rating to a "neutral" rating and increased their target price for the company from $14.50 to $24.00 in a report on Friday, January 10th. Barclays raised their price objective on Nordstrom from $23.00 to $24.00 and gave the stock an "equal weight" rating in a report on Thursday, January 16th. StockNews.com began coverage on Nordstrom in a research note on Sunday, March 23rd. They issued a "buy" rating for the company. Argus lowered Nordstrom from a "buy" rating to a "sell" rating in a research note on Monday, December 30th. Finally, Telsey Advisory Group restated a "market perform" rating and issued a $24.00 price target on shares of Nordstrom in a report on Wednesday, March 5th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Nordstrom currently has an average rating of "Hold" and a consensus target price of $22.90.

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.