New Age Alpha Advisors LLC Purchases Shares of 74,261 Nordstrom, Inc. (NYSE:JWN)

New Age Alpha Advisors LLC purchased a new position in Nordstrom, Inc. (NYSE:JWN - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 74,261 shares of the specialty retailer's stock, valued at approximately $1,793,000.

A number of other hedge funds have also recently bought and sold shares of JWN. Norges Bank bought a new stake in shares of Nordstrom in the 4th quarter worth about $33,480,000. Financial Engines Advisors L.L.C. grew its stake in Nordstrom by 11.1% in the fourth quarter. Financial Engines Advisors L.L.C. now owns 37,081 shares of the specialty retailer's stock worth $896,000 after purchasing an additional 3,700 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its holdings in Nordstrom by 14.3% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 347,164 shares of the specialty retailer's stock valued at $8,384,000 after buying an additional 43,544 shares during the last quarter. Prudential Financial Inc. increased its holdings in Nordstrom by 260.1% in the fourth quarter. Prudential Financial Inc. now owns 144,839 shares of the specialty retailer's stock valued at $3,498,000 after buying an additional 104,616 shares during the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new stake in Nordstrom during the fourth quarter valued at approximately $514,000. Institutional investors and hedge funds own 88.73% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Citigroup reiterated a "sell" rating and issued a $22.00 price target (down from $25.00) on shares of Nordstrom in a report on Friday. StockNews.com started coverage on shares of Nordstrom in a research note on Monday. They set a "buy" rating for the company. UBS Group upgraded shares of Nordstrom from a "sell" rating to a "neutral" rating and raised their price target for the stock from $14.50 to $24.00 in a research report on Friday, January 10th. Evercore ISI boosted their price objective on shares of Nordstrom from $22.00 to $24.00 and gave the company an "in-line" rating in a research report on Monday, January 13th. Finally, Barclays raised their target price on shares of Nordstrom from $23.00 to $24.00 and gave the stock an "equal weight" rating in a report on Thursday, January 16th. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $22.80.

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Nordstrom Stock Performance

JWN traded down $0.63 during trading hours on Friday, hitting $23.33. The company's stock had a trading volume of 14,033,692 shares, compared to its average volume of 2,543,793. The company has a 50-day simple moving average of $24.29 and a 200 day simple moving average of $23.62. 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 capitalization of $3.85 billion, a PE ratio of 14.86 and a beta of 2.60. Nordstrom, Inc. has a fifty-two week low of $17.21 and a fifty-two week high of $24.99.

Nordstrom (NYSE:JWN - Get Free Report) last issued its quarterly 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. The company had revenue of $4.32 billion for the quarter, compared to analyst estimates of $4.32 billion. Nordstrom had a negative return on equity of 18.04% and a negative net margin of 1.57%. As a group, sell-side analysts expect that Nordstrom, Inc. will post 1.97 EPS for the current year.

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.