Cooper Creek Partners Management LLC Boosts Stock Position in Nordstrom, Inc. (NYSE:JWN)

Cooper Creek Partners Management LLC boosted its holdings in shares of Nordstrom, Inc. (NYSE:JWN - Free Report) by 11.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 3,757,847 shares of the specialty retailer's stock after acquiring an additional 372,024 shares during the period. Nordstrom accounts for 2.8% of Cooper Creek Partners Management LLC's portfolio, making the stock its 9th largest position. Cooper Creek Partners Management LLC owned 2.28% of Nordstrom worth $90,752,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in JWN. Madison Investment Advisors LLC bought a new stake in Nordstrom in the fourth quarter valued at about $3,767,000. JPMorgan Chase & Co. boosted its stake in Nordstrom by 29.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 388,796 shares of the specialty retailer's stock worth $8,744,000 after acquiring an additional 89,114 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Nordstrom by 20.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,712,452 shares of the specialty retailer's stock valued at $41,356,000 after purchasing an additional 289,596 shares during the period. Avior Wealth Management LLC bought a new stake in Nordstrom in the fourth quarter valued at approximately $415,000. Finally, Sanctuary Advisors LLC boosted its position in shares of Nordstrom by 160.9% during the third quarter. Sanctuary Advisors LLC now owns 51,071 shares of the specialty retailer's stock worth $1,187,000 after purchasing an additional 31,498 shares in the last quarter. Institutional investors own 88.73% of the company's stock.

Nordstrom Stock Down 0.0 %

JWN stock traded down $0.00 during mid-day trading on Friday, reaching $23.86. The company had a trading volume of 1,779,981 shares, compared to its average volume of 2,612,693. Nordstrom, Inc. has a 52 week low of $17.91 and a 52 week high of $24.99. The company has a market capitalization of $3.99 billion, a price-to-earnings ratio of 15.20 and a beta of 2.31. 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 stock has a 50 day simple moving average of $24.17 and a two-hundred day simple moving average of $23.69.

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, topping analysts' consensus estimates of $0.90 by $0.20. The business had revenue of $4.32 billion for the quarter, compared to the consensus estimate of $4.32 billion. Nordstrom had a negative net margin of 1.57% and a negative return on equity of 18.04%. As a group, equities analysts predict that Nordstrom, Inc. will post 1.97 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently commented on JWN shares. StockNews.com initiated coverage on Nordstrom in a research note on Wednesday. They set a "buy" rating on the stock. Telsey Advisory Group reiterated a "market perform" rating and issued a $24.00 price objective on shares of Nordstrom in a research report on Wednesday, March 5th. UBS Group upgraded shares of Nordstrom from a "sell" rating to a "neutral" rating and raised their target price for the stock from $14.50 to $24.00 in a report on Friday, January 10th. Citigroup reissued a "sell" rating and set a $22.00 price objective (down previously from $25.00) on shares of Nordstrom in a research report on Friday, April 4th. Finally, 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. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $22.80.

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.