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

Swiss National Bank cut its holdings in Nordstrom, Inc. (NYSE:JWN - Free Report) by 6.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 193,800 shares of the specialty retailer's stock after selling 13,900 shares during the quarter. Swiss National Bank owned about 0.12% of Nordstrom worth $4,680,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of JWN. Quantinno Capital Management LP increased its stake in Nordstrom by 49.3% in the 3rd quarter. Quantinno Capital Management LP now owns 145,146 shares of the specialty retailer's stock worth $3,264,000 after purchasing an additional 47,923 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position 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 worth $32,000,000 after acquiring an additional 208,193 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Nordstrom by 29.7% during the third quarter. JPMorgan Chase & Co. now owns 388,796 shares of the specialty retailer's stock valued at $8,744,000 after acquiring an additional 89,114 shares during the period. Point72 Asset Management L.P. lifted its position in shares of Nordstrom by 190.1% in the 3rd quarter. Point72 Asset Management L.P. now owns 59,678 shares of the specialty retailer's stock valued at $1,342,000 after acquiring an additional 39,104 shares in the last quarter. Finally, Sanctuary Advisors LLC lifted its position in shares of Nordstrom by 160.9% in the 3rd quarter. Sanctuary Advisors LLC now owns 51,071 shares of the specialty retailer's stock valued at $1,187,000 after acquiring an additional 31,498 shares in the last quarter. 88.73% of the stock is currently owned by institutional investors.

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Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Evercore ISI increased their price target on shares of Nordstrom from $22.00 to $24.00 and gave the stock an "in-line" rating in a research report on Monday, January 13th. Telsey Advisory Group reissued a "market perform" rating and set a $24.00 target price on shares of Nordstrom in a research note on Wednesday, March 5th. StockNews.com initiated coverage on shares of Nordstrom in a research note on Sunday. They issued a "buy" rating on the stock. Bank of America boosted their target price on Nordstrom from $20.00 to $22.00 and gave the company an "underperform" rating in a research note on Wednesday, November 27th. Finally, Barclays lifted their price target on Nordstrom from $23.00 to $24.00 and gave the company an "equal weight" rating in a report on Thursday, January 16th. 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 company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $22.90.

Nordstrom Stock Performance

NYSE JWN traded up $0.03 on Tuesday, reaching $24.40. The stock had a trading volume of 1,164,994 shares, compared to its average volume of 2,487,962. Nordstrom, Inc. has a 1-year low of $17.21 and a 1-year high of $24.99. 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 company has a market cap of $4.03 billion, a P/E ratio of 15.54 and a beta of 2.60. The firm has a fifty day moving average of $24.27 and a two-hundred day moving average of $23.52.

Nordstrom (NYSE:JWN - Get Free Report) last posted its quarterly earnings data on Tuesday, March 4th. The specialty retailer reported $1.10 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $4.32 billion during the quarter, compared to the consensus estimate of $4.32 billion. On average, equities research analysts anticipate that Nordstrom, Inc. will post 1.97 EPS for the current year.

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.