Sei Investments Co. Boosts Stock Holdings in Nordstrom, Inc. (NYSE:JWN)

Sei Investments Co. lifted its position in shares of Nordstrom, Inc. (NYSE:JWN - Free Report) by 91.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 52,202 shares of the specialty retailer's stock after purchasing an additional 24,944 shares during the period. Sei Investments Co.'s holdings in Nordstrom were worth $1,261,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in JWN. American Century Companies Inc. lifted its holdings in shares of Nordstrom by 18.3% during the fourth quarter. American Century Companies Inc. now owns 2,912,254 shares of the specialty retailer's stock worth $70,331,000 after purchasing an additional 450,539 shares during the period. Hennessy Advisors Inc. acquired a new position in Nordstrom during the 4th quarter worth about $56,026,000. Charles Schwab Investment Management Inc. grew its position in shares of Nordstrom by 20.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,712,452 shares of the specialty retailer's stock valued at $41,356,000 after buying an additional 289,596 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Nordstrom by 0.3% in the third quarter. Geode Capital Management LLC now owns 1,625,616 shares of the specialty retailer's stock valued at $36,570,000 after buying an additional 5,407 shares during the period. Finally, Great Lakes Advisors LLC bought a new position in shares of Nordstrom during the fourth quarter worth about $21,736,000. 88.73% of the stock is currently owned by institutional investors and hedge funds.

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Nordstrom Stock Down 0.1 %

JWN traded down $0.01 during trading on Friday, hitting $23.82. 3,228,888 shares of the company's stock were exchanged, compared to its average volume of 2,629,803. Nordstrom, Inc. has a fifty-two week low of $17.21 and a fifty-two week high of $24.99. The stock has a market cap of $3.93 billion, a P/E ratio of 15.17 and a beta of 2.31. The business's 50 day moving average is $24.20 and its two-hundred day moving average is $23.65. The company has a quick ratio of 0.35, a current ratio of 1.14 and a debt-to-equity ratio of 2.65.

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

Wall Street Analysts Forecast Growth

Several brokerages recently commented on JWN. Evercore ISI upped their target price on Nordstrom from $22.00 to $24.00 and gave the company an "in-line" rating in a report on Monday, January 13th. Barclays increased their price objective on shares of Nordstrom from $23.00 to $24.00 and gave the stock an "equal weight" rating in a research report on Thursday, January 16th. Argus lowered shares of 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 price target on shares of Nordstrom in a report on Wednesday, March 5th. Finally, UBS Group raised Nordstrom from a "sell" rating to a "neutral" rating and boosted their price objective for the company from $14.50 to $24.00 in a research note on Friday, January 10th. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $22.80.

About Nordstrom

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.