LSV Asset Management Raises Holdings in Nordstrom, Inc. (NYSE:JWN)

LSV Asset Management increased its holdings in shares of Nordstrom, Inc. (NYSE:JWN - Free Report) by 8.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,506,689 shares of the specialty retailer's stock after purchasing an additional 121,700 shares during the period. LSV Asset Management owned 0.91% of Nordstrom worth $36,387,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Spire Wealth Management boosted its position in Nordstrom by 90.9% during the 4th 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 in the last quarter. Wolverine Asset Management LLC bought a new stake in Nordstrom during the fourth quarter valued at about $63,000. Vestcor Inc purchased a new position in Nordstrom in the fourth quarter valued at about $63,000. Atlas Capital Advisors Inc. grew its stake in 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. Finally, KBC Group NV raised its holdings in Nordstrom by 36.5% in the fourth 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 hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on JWN shares. UBS Group raised shares of Nordstrom from a "sell" rating to a "neutral" rating and increased their target price for the company from $14.50 to $24.00 in a research report on Friday, January 10th. Evercore ISI increased their price objective on Nordstrom from $22.00 to $24.00 and gave the company an "in-line" rating in a report on Monday, January 13th. Argus downgraded Nordstrom from a "buy" rating to a "sell" rating in a research note on Monday, December 30th. Citigroup reaffirmed a "sell" rating and set a $22.00 target price (down from $25.00) on shares of Nordstrom in a research report on Friday, April 4th. Finally, Telsey Advisory Group reissued a "market perform" rating and issued a $24.00 price target on shares of Nordstrom in a report on Wednesday, March 5th. 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 stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $22.80.

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Nordstrom Stock Performance

JWN stock traded down $0.18 during midday trading on Wednesday, hitting $23.86. 3,607,665 shares of the stock traded hands, compared to its average volume of 2,620,678. The stock's fifty day simple moving average is $24.19 and its 200-day simple moving average is $23.68. The firm has a market cap of $3.99 billion, a P/E ratio of 15.20 and a beta of 2.31. Nordstrom, Inc. has a 1-year low of $17.21 and a 1-year 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.

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 the consensus estimate 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 during the quarter, compared to analyst estimates of $4.32 billion. On average, analysts expect that Nordstrom, Inc. will post 1.97 earnings per share 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.