Nordstrom, Inc. (NYSE:JWN) Shares Bought by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp increased its position in Nordstrom, Inc. (NYSE:JWN - Free Report) by 14.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 347,164 shares of the specialty retailer's stock after purchasing an additional 43,544 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned 0.21% of Nordstrom worth $8,384,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Hennessy Advisors Inc. purchased a new position in shares of Nordstrom during the fourth quarter worth approximately $56,026,000. Great Lakes Advisors LLC acquired a new position in Nordstrom in the fourth quarter valued at $21,736,000. American Century Companies Inc. boosted its stake in shares of Nordstrom by 18.3% during the fourth quarter. American Century Companies Inc. now owns 2,912,254 shares of the specialty retailer's stock worth $70,331,000 after buying an additional 450,539 shares during the period. Versor Investments LP purchased a new position in shares of Nordstrom during the fourth quarter worth about $9,409,000. Finally, Charles Schwab Investment Management Inc. increased its position in Nordstrom by 20.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,712,452 shares of the specialty retailer's stock valued at $41,356,000 after acquiring an additional 289,596 shares during the period. 88.73% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Telsey Advisory Group restated a "market perform" rating and issued a $24.00 price objective on shares of Nordstrom in a research report on Wednesday, March 5th. StockNews.com assumed coverage on shares of Nordstrom in a research note on Monday. They set a "buy" rating on the stock. UBS Group upgraded shares of Nordstrom from a "sell" rating to a "neutral" rating and raised their price objective for the company from $14.50 to $24.00 in a research note on Friday, January 10th. Barclays upped 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. Finally, Argus lowered Nordstrom from a "buy" rating to a "sell" rating in a research note on Monday, December 30th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $22.90.

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Nordstrom Trading Down 1.0 %

Shares of JWN stock traded down $0.24 during mid-day trading on Thursday, hitting $24.22. 1,820,654 shares of the company's stock were exchanged, compared to its average volume of 2,473,792. The stock has a market cap of $4.00 billion, a price-to-earnings ratio of 15.42 and a beta of 2.60. The stock has a 50-day simple moving average of $24.31 and a two-hundred day simple moving average of $23.61. Nordstrom, Inc. has a fifty-two week low of $17.21 and a fifty-two week high of $24.99. The company has a quick ratio of 0.35, a current ratio of 1.14 and a debt-to-equity ratio of 2.65.

Nordstrom (NYSE:JWN - Get Free Report) last issued its 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 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.