Nordstrom, Inc. (NYSE:JWN) Holdings Raised by Renaissance Technologies LLC

Renaissance Technologies LLC grew its position in shares of Nordstrom, Inc. (NYSE:JWN - Free Report) by 135.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 228,900 shares of the specialty retailer's stock after purchasing an additional 131,600 shares during the period. Renaissance Technologies LLC owned 0.14% of Nordstrom worth $5,528,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Spire Wealth Management boosted its position 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 worth $51,000 after acquiring an additional 1,000 shares during the last quarter. Wolverine Asset Management LLC purchased a new position in Nordstrom during the fourth quarter worth approximately $63,000. Vestcor Inc acquired a new position in shares of Nordstrom in the 4th quarter valued at $63,000. Atlas Capital Advisors Inc. grew its stake in shares of Nordstrom by 45.5% during the 4th quarter. Atlas Capital Advisors Inc. now owns 4,446 shares of the specialty retailer's stock valued at $107,000 after buying an additional 1,391 shares during the period. Finally, KBC Group NV increased its holdings in shares of Nordstrom by 36.5% during the 4th quarter. KBC Group NV now owns 4,816 shares of the specialty retailer's stock worth $116,000 after buying an additional 1,287 shares during the last quarter. 88.73% of the stock is owned by hedge funds and other institutional investors.

Nordstrom Stock Up 0.2 %

Shares of NYSE:JWN traded up $0.06 during trading on Wednesday, hitting $24.12. The company's stock had a trading volume of 3,431,654 shares, compared to its average volume of 2,608,809. Nordstrom, Inc. has a fifty-two week low of $18.57 and a fifty-two week high of $24.99. The stock's 50-day moving average price is $24.14 and its two-hundred day moving average price is $23.75. 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 company has a market capitalization of $4.03 billion, a PE ratio of 15.36 and a beta of 2.31.

Nordstrom (NYSE:JWN - Get Free Report) last released its earnings results on Tuesday, March 4th. The specialty retailer reported $1.10 EPS for the quarter, beating the consensus estimate of $0.90 by $0.20. The company had revenue of $4.32 billion during the quarter, compared to analysts' expectations 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.

Analysts Set New Price Targets

JWN has been the topic of a number of research analyst reports. Argus cut Nordstrom from a "buy" rating to a "sell" rating in a report on Monday, December 30th. Telsey Advisory Group reiterated a "market perform" rating and set a $24.00 target price on shares of Nordstrom in a report on Wednesday, March 5th. UBS Group upgraded shares of Nordstrom from a "sell" rating to a "neutral" rating and raised their price target for the company from $14.50 to $24.00 in a report on Friday, January 10th. Barclays lifted their price target on shares of Nordstrom from $23.00 to $24.00 and gave the company an "equal weight" rating in a research report on Thursday, January 16th. Finally, StockNews.com assumed coverage on shares of Nordstrom in a research report on Wednesday, April 16th. They issued a "buy" rating for the company. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Nordstrom 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.