Swiss National Bank Sells 13,900 Shares of Nordstrom, Inc. (NYSE:JWN)

Swiss National Bank lowered its position in shares of Nordstrom, Inc. (NYSE:JWN - Free Report) by 6.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 193,800 shares of the specialty retailer's stock after selling 13,900 shares during the quarter. Swiss National Bank owned 0.12% of Nordstrom worth $4,680,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Quantinno Capital Management LP grew its stake in Nordstrom by 49.3% in the third quarter. Quantinno Capital Management LP now owns 145,146 shares of the specialty retailer's stock valued at $3,264,000 after purchasing an additional 47,923 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Nordstrom by 17.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,422,856 shares of the specialty retailer's stock valued at $32,000,000 after buying an additional 208,193 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Nordstrom by 29.7% during the third quarter. JPMorgan Chase & Co. now owns 388,796 shares of the specialty retailer's stock worth $8,744,000 after buying an additional 89,114 shares during the last quarter. Point72 Asset Management L.P. increased its holdings in Nordstrom by 190.1% during the third quarter. Point72 Asset Management L.P. now owns 59,678 shares of the specialty retailer's stock worth $1,342,000 after buying an additional 39,104 shares during the last quarter. Finally, Sanctuary Advisors LLC raised its position in 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 acquiring an additional 31,498 shares in the last quarter. 88.73% of the stock is owned by institutional investors.

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Nordstrom Price Performance

NYSE JWN traded up $0.03 during midday trading on Friday, hitting $24.48. The company had a trading volume of 1,232,669 shares, compared to its average volume of 2,497,416. The company has a market capitalization of $4.04 billion, a PE ratio of 15.59 and a beta of 2.60. The company has a current ratio of 1.14, a quick ratio of 0.35 and a debt-to-equity ratio of 2.65. Nordstrom, Inc. has a twelve month low of $17.21 and a twelve month high of $24.99. The firm has a 50-day moving average price of $24.29 and a 200-day moving average price of $23.54.

Nordstrom (NYSE:JWN - Get Free Report) last issued its quarterly earnings results on Tuesday, March 4th. The specialty retailer reported $1.10 earnings per share (EPS) 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 company had revenue of $4.32 billion for the quarter, compared to analyst estimates of $4.32 billion. As a group, analysts anticipate that Nordstrom, Inc. will post 1.97 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on JWN. Argus cut shares of Nordstrom from a "buy" rating to a "sell" rating in a report on Monday, December 30th. 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 note on Friday, January 10th. Barclays upped their price objective on shares of Nordstrom from $23.00 to $24.00 and gave the company an "equal weight" rating in a report on Thursday, January 16th. Evercore ISI raised their target price on shares of Nordstrom from $22.00 to $24.00 and gave the stock an "in-line" rating in a research note on Monday, January 13th. Finally, Telsey Advisory Group reiterated a "market perform" rating and issued a $24.00 price target on shares of Nordstrom in a research note on Wednesday, March 5th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Nordstrom currently has a consensus rating of "Hold" and an average target price of $22.90.

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.