Marshall Wace LLP Has $40.64 Million Stock Position in Nordstrom, Inc. (NYSE:JWN)

Marshall Wace LLP grew its holdings in shares of Nordstrom, Inc. (NYSE:JWN - Free Report) by 1.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,682,882 shares of the specialty retailer's stock after acquiring an additional 16,003 shares during the quarter. Marshall Wace LLP owned about 1.02% of Nordstrom worth $40,642,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of JWN. Spire Wealth Management increased its stake in shares of Nordstrom by 90.9% during the fourth quarter. Spire Wealth Management now owns 2,100 shares of the specialty retailer's stock valued at $51,000 after acquiring an additional 1,000 shares during the period. Wolverine Asset Management LLC bought a new stake in shares of Nordstrom in the 4th quarter worth $63,000. Vestcor Inc bought a new stake in Nordstrom in the fourth quarter worth about $63,000. Atlas Capital Advisors Inc. grew its stake in shares of Nordstrom by 45.5% in the 4th quarter. Atlas Capital Advisors Inc. now owns 4,446 shares of the specialty retailer's stock worth $107,000 after purchasing an additional 1,391 shares during the last quarter. Finally, KBC Group NV raised its holdings in shares of Nordstrom by 36.5% in 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 in the last quarter. 88.73% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

JWN has been the subject of a number of recent research reports. UBS Group upgraded Nordstrom from a "sell" rating to a "neutral" rating and increased their price objective for the company from $14.50 to $24.00 in a research report on Friday, January 10th. Telsey Advisory Group reissued a "market perform" rating and issued a $24.00 price objective on shares of Nordstrom in a research note on Wednesday, March 5th. StockNews.com began coverage on shares of Nordstrom in a report on Wednesday, April 16th. They set a "buy" rating on the stock. Argus lowered shares of Nordstrom from a "buy" rating to a "sell" rating in a research report on Monday, December 30th. Finally, Barclays increased their price objective on Nordstrom from $23.00 to $24.00 and gave the company an "equal weight" rating in a report on Thursday, January 16th. 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. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $22.80.

Nordstrom Trading Up 0.2 %

Shares of NYSE JWN traded up $0.06 during midday trading on Wednesday, reaching $24.12. 1,251,365 shares of the stock were exchanged, compared to its average volume of 2,600,429. The company has a market capitalization of $4.03 billion, a price-to-earnings ratio of 15.36 and a beta of 2.31. Nordstrom, Inc. has a 12 month low of $18.57 and a 12 month high of $24.99. The company has a debt-to-equity ratio of 2.65, a current ratio of 1.14 and a quick ratio of 0.35. The business has a 50-day simple moving average of $24.14 and a two-hundred day simple moving average of $23.75.

Nordstrom (NYSE:JWN - Get Free Report) last released its quarterly earnings results on Tuesday, March 4th. The specialty retailer reported $1.10 EPS for the quarter, topping 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, equities research analysts expect that Nordstrom, Inc. will post 1.97 EPS for the current 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.