WINTON GROUP Ltd Has $854,000 Stake in Nordstrom, Inc. (NYSE:JWN)

WINTON GROUP Ltd decreased its position in Nordstrom, Inc. (NYSE:JWN - Free Report) by 32.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 35,380 shares of the specialty retailer's stock after selling 16,688 shares during the quarter. WINTON GROUP Ltd's holdings in Nordstrom were worth $854,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of JWN. Charles Schwab Investment Management Inc. increased its stake in Nordstrom by 17.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,422,856 shares of the specialty retailer's stock worth $32,000,000 after purchasing an additional 208,193 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Nordstrom by 2.4% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 310,578 shares of the specialty retailer's stock worth $6,985,000 after buying an additional 7,139 shares during the period. Maverick Capital Ltd. increased its position in shares of Nordstrom by 45.8% in the third quarter. Maverick Capital Ltd. now owns 173,262 shares of the specialty retailer's stock worth $3,897,000 after acquiring an additional 54,428 shares in the last quarter. Hotchkis & Wiley Capital Management LLC acquired a new stake in shares of Nordstrom during the third quarter valued at approximately $6,171,000. Finally, 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. Institutional investors own 88.73% of the company's stock.

Remove Ads

Nordstrom Stock Performance

JWN traded down $0.31 during midday trading on Thursday, reaching $24.14. The company's stock had a trading volume of 2,476,894 shares, compared to its average volume of 2,366,422. The company has a current ratio of 1.14, a quick ratio of 0.35 and a debt-to-equity ratio of 2.65. The company has a fifty day simple moving average of $24.31 and a 200 day simple moving average of $23.61. The stock has a market cap of $3.98 billion, a P/E ratio of 15.38 and a beta of 2.60. Nordstrom, Inc. has a twelve month low of $17.20 and a twelve month high of $24.99.

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 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. Research analysts expect that Nordstrom, Inc. will post 1.97 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Argus lowered Nordstrom from a "buy" rating to a "sell" rating in a research report on Monday, December 30th. 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. UBS Group upgraded shares of Nordstrom from a "sell" rating to a "neutral" rating and raised their price target for the stock from $14.50 to $24.00 in a report on Friday, January 10th. Telsey Advisory Group reiterated a "market perform" rating and issued a $24.00 price objective on shares of Nordstrom in a research note on Wednesday, March 5th. Finally, Barclays lifted their target price on shares of Nordstrom from $23.00 to $24.00 and gave the company an "equal weight" rating in a research note on Thursday, January 16th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $22.90.

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.