Legal & General Group Plc Sells 16,444 Shares of Nordstrom, Inc. (NYSE:JWN)

Legal & General Group Plc lowered its stake in Nordstrom, Inc. (NYSE:JWN - Free Report) by 8.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 167,617 shares of the specialty retailer's stock after selling 16,444 shares during the period. Legal & General Group Plc owned approximately 0.10% of Nordstrom worth $4,048,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Bank of Montreal Can grew its stake in Nordstrom by 8.8% in the 4th quarter. Bank of Montreal Can now owns 25,118 shares of the specialty retailer's stock valued at $607,000 after buying an additional 2,036 shares during the last quarter. Landscape Capital Management L.L.C. boosted its holdings in Nordstrom by 36.7% during the fourth quarter. Landscape Capital Management L.L.C. now owns 12,904 shares of the specialty retailer's stock valued at $312,000 after acquiring an additional 3,465 shares during the period. Atlas Capital Advisors Inc. grew its position in shares of Nordstrom by 45.5% in the fourth quarter. Atlas Capital Advisors Inc. now owns 4,446 shares of the specialty retailer's stock valued at $107,000 after purchasing an additional 1,391 shares during the last quarter. Franklin Resources Inc. increased its stake in shares of Nordstrom by 22.8% in the fourth quarter. Franklin Resources Inc. now owns 61,777 shares of the specialty retailer's stock worth $1,492,000 after purchasing an additional 11,483 shares during the period. Finally, Brandywine Global Investment Management LLC lifted its position in shares of Nordstrom by 8.8% during the 4th quarter. Brandywine Global Investment Management LLC now owns 505,060 shares of the specialty retailer's stock worth $12,197,000 after purchasing an additional 40,697 shares during the last quarter. Institutional investors own 88.73% of the company's stock.

Nordstrom Trading Up 1.1 %

JWN stock opened at $24.07 on Wednesday. The company has a current ratio of 1.14, a quick ratio of 0.35 and a debt-to-equity ratio of 2.65. The firm has a market cap of $4.03 billion, a P/E ratio of 15.33 and a beta of 2.31. Nordstrom, Inc. has a 1-year low of $18.57 and a 1-year high of $24.99. The business's 50 day moving average is $24.14 and its 200-day moving average is $23.75.

Nordstrom (NYSE:JWN - Get Free Report) last announced 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. Nordstrom had a negative return on equity of 18.04% and a negative net margin of 1.57%. The firm had revenue of $4.32 billion for the quarter, compared to analysts' expectations of $4.32 billion. Equities analysts anticipate that Nordstrom, Inc. will post 1.97 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

JWN has been the topic of several recent analyst reports. Argus downgraded Nordstrom from a "buy" rating to a "sell" rating in a research report on Monday, December 30th. Barclays boosted their target price on shares of Nordstrom from $23.00 to $24.00 and gave the stock an "equal weight" rating in a research report on Thursday, January 16th. Evercore ISI increased their price target on shares of Nordstrom from $22.00 to $24.00 and gave the company an "in-line" rating in a report on Monday, January 13th. UBS Group raised shares of Nordstrom from a "sell" rating to a "neutral" rating and upped their price objective for the company from $14.50 to $24.00 in a research report on Friday, January 10th. Finally, StockNews.com assumed coverage on Nordstrom in a research report on Wednesday, April 16th. They set a "buy" rating on the stock. Four analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target 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.

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