Quinn Opportunity Partners LLC boosted its stake in Nordstrom, Inc. (NYSE:JWN - Free Report) by 302.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 189,185 shares of the specialty retailer's stock after purchasing an additional 142,185 shares during the period. Quinn Opportunity Partners LLC owned about 0.11% of Nordstrom worth $4,569,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Spire Wealth Management raised its stake in shares of Nordstrom by 90.9% in 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 in the last quarter. Wolverine Asset Management LLC acquired a new stake in Nordstrom in the fourth quarter valued at approximately $63,000. Vestcor Inc purchased a new position in Nordstrom in the fourth quarter worth approximately $63,000. Atlas Capital Advisors Inc. raised its holdings 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 valued at $107,000 after purchasing an additional 1,391 shares in 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 valued at $116,000 after purchasing an additional 1,287 shares in the last quarter. Institutional investors and hedge funds own 88.73% of the company's stock.
Nordstrom Stock Performance
NYSE:JWN traded down $0.07 during mid-day trading on Wednesday, reaching $23.97. The stock had a trading volume of 970,341 shares, compared to its average volume of 2,610,919. The company has a debt-to-equity ratio of 2.65, a quick ratio of 0.35 and a current ratio of 1.14. The business has a 50 day simple moving average of $24.19 and a 200 day simple moving average of $23.68. Nordstrom, Inc. has a twelve month low of $17.21 and a twelve month high of $24.99. The firm has a market capitalization of $4.01 billion, a price-to-earnings ratio of 15.27 and a beta of 2.31.
Nordstrom (NYSE:JWN - Get Free Report) last announced its quarterly earnings data 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. 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 analyst estimates of $4.32 billion. On average, analysts expect that Nordstrom, Inc. will post 1.97 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several equities analysts recently commented on the company. Barclays increased their target price on Nordstrom from $23.00 to $24.00 and gave the company an "equal weight" rating in a report on Thursday, January 16th. Argus lowered shares of Nordstrom from a "buy" rating to a "sell" rating in a research note on Monday, December 30th. StockNews.com started coverage on shares of Nordstrom in a report on Wednesday. They issued a "buy" rating for the company. Evercore ISI upped their price objective on shares of Nordstrom from $22.00 to $24.00 and gave the company an "in-line" rating in a research note on Monday, January 13th. Finally, UBS Group upgraded Nordstrom from a "sell" rating to a "neutral" rating and lifted their target price for the stock from $14.50 to $24.00 in a research report on Friday, January 10th. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $22.80.
View Our Latest Stock Analysis on Nordstrom
Nordstrom Company Profile
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Free Report)
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.
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