Nordstrom, Inc. (NYSE:JWN) Stake Increased by Hussman Strategic Advisors Inc.

Hussman Strategic Advisors Inc. increased its stake in shares of Nordstrom, Inc. (NYSE:JWN - Free Report) by 33.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 84,000 shares of the specialty retailer's stock after purchasing an additional 21,000 shares during the period. Hussman Strategic Advisors Inc. owned 0.05% of Nordstrom worth $2,029,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of JWN. Venturi Wealth Management LLC raised its holdings in shares of Nordstrom by 355.9% during the third quarter. Venturi Wealth Management LLC now owns 1,272 shares of the specialty retailer's stock valued at $29,000 after acquiring an additional 993 shares during the last quarter. Spire Wealth Management raised its stake in Nordstrom by 90.9% in the 4th quarter. Spire Wealth Management now owns 2,100 shares of the specialty retailer's stock valued at $51,000 after purchasing an additional 1,000 shares during the last quarter. Blue Trust Inc. raised its stake in Nordstrom by 57.7% in the 3rd quarter. Blue Trust Inc. now owns 3,839 shares of the specialty retailer's stock valued at $81,000 after purchasing an additional 1,404 shares during the last quarter. CWM LLC lifted its holdings in Nordstrom by 28.7% in the 3rd quarter. CWM LLC now owns 3,628 shares of the specialty retailer's stock valued at $82,000 after purchasing an additional 810 shares in the last quarter. Finally, KBC Group NV boosted its stake in Nordstrom by 36.5% during the 4th quarter. KBC Group NV now owns 4,816 shares of the specialty retailer's stock worth $116,000 after purchasing an additional 1,287 shares during the last quarter. 88.73% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on JWN. Citigroup increased their target price 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 reissued a "market perform" rating and issued a $24.00 target price on shares of Nordstrom in a research note on Monday, January 13th. UBS Group upgraded Nordstrom from a "sell" rating to a "neutral" rating and upped their price target for the company from $14.50 to $24.00 in a research report on Friday, January 10th. Evercore ISI lifted their price objective on Nordstrom from $22.00 to $24.00 and gave the stock an "in-line" rating in a research report on Monday, January 13th. Finally, Barclays upped their target price on Nordstrom from $23.00 to $24.00 and gave the company an "equal weight" rating in a report on Thursday, January 16th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $22.17.

Nordstrom Stock Performance

Nordstrom stock traded down $0.03 during trading hours on Friday, reaching $24.33. 2,008,569 shares of the stock were exchanged, compared to its average volume of 2,282,087. Nordstrom, Inc. has a 52-week low of $16.78 and a 52-week high of $24.99. The stock has a market cap of $4.01 billion, a P/E ratio of 15.49 and a beta of 2.51. The company has a debt-to-equity ratio of 2.65, a quick ratio of 0.35 and a current ratio of 1.14. The firm's 50 day moving average is $24.13 and its 200 day moving average is $23.14.

Nordstrom (NYSE:JWN - Get Free Report) last issued its earnings results on Tuesday, November 26th. The specialty retailer reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.11. The company had revenue of $3.35 billion for the quarter, compared to analyst estimates of $3.34 billion. Nordstrom had a negative net margin of 1.57% and a negative return on equity of 18.04%. The firm's revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.25 earnings per share. Analysts predict that Nordstrom, Inc. will post 1.97 EPS for the current fiscal year.

About Nordstrom

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.