Creative Planning Trims Stake in Nordstrom, Inc. (JWN)

Creative Planning trimmed its stake in shares of Nordstrom, Inc. (NYSE:JWN) by 7.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,049 shares of the specialty retailer’s stock after selling 1,361 shares during the period. Creative Planning’s holdings in Nordstrom were worth $795,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. We Are One Seven LLC acquired a new stake in shares of Nordstrom during the 4th quarter valued at approximately $92,000. Quantamental Technologies LLC acquired a new stake in shares of Nordstrom during the 4th quarter valued at approximately $97,000. Federated Investors Inc. PA lifted its position in shares of Nordstrom by 22.4% during the 3rd quarter. Federated Investors Inc. PA now owns 1,639 shares of the specialty retailer’s stock valued at $98,000 after acquiring an additional 300 shares during the period. First Hawaiian Bank acquired a new stake in shares of Nordstrom during the 3rd quarter valued at approximately $113,000. Finally, Captrust Financial Advisors lifted its position in shares of Nordstrom by 426.1% during the 3rd quarter. Captrust Financial Advisors now owns 2,099 shares of the specialty retailer’s stock valued at $126,000 after acquiring an additional 1,700 shares during the period. Institutional investors own 61.41% of the company’s stock.

A number of equities research analysts have recently issued reports on the stock. Gordon Haskett downgraded shares of Nordstrom from a “hold” rating to a “reduce” rating in a research report on Thursday, November 8th. Credit Suisse Group reduced their price target on shares of Nordstrom from $55.00 to $50.00 and set a “positive” rating for the company in a research report on Wednesday, January 16th. Zacks Investment Research upgraded shares of Nordstrom from a “hold” rating to a “buy” rating and set a $57.00 price target for the company in a research report on Friday, December 7th. Goldman Sachs Group set a $73.00 price objective on Nordstrom and gave the stock a “buy” rating in a research report on Friday, November 16th. Finally, Citigroup cut their price objective on Nordstrom from $62.00 to $56.00 and set a “neutral” rating for the company in a research report on Friday, November 16th. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $53.81.

JWN stock opened at $44.61 on Thursday. The company has a market capitalization of $7.66 billion, a price-to-earnings ratio of 15.07, a PEG ratio of 2.07 and a beta of 0.57. The company has a debt-to-equity ratio of 2.23, a current ratio of 1.12 and a quick ratio of 0.44. Nordstrom, Inc. has a one year low of $43.04 and a one year high of $67.75.

Nordstrom (NYSE:JWN) last released its earnings results on Thursday, November 15th. The specialty retailer reported $0.67 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.03. The firm had revenue of $3.75 billion during the quarter, compared to analysts’ expectations of $3.68 billion. Nordstrom had a net margin of 2.92% and a return on equity of 51.66%. As a group, sell-side analysts expect that Nordstrom, Inc. will post 3.56 EPS for the current year.

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About Nordstrom

Nordstrom, Inc, a fashion retailer, provides apparel, shoes, cosmetics, and accessories for women, men, young adults, and children in the United States and Canada. The company operates in two segments, Retail and Credit. The Retail segment offers a range of brand name and private label merchandise through various channels, including Nordstrom branded full-line stores and online store at Nordstrom.com; Nordstrom Rack stores; Nordstromrack.com and HauteLook; Trunk Club clubhouses and TrunkClub.com; Jeffrey boutiques; and clearance stores that operate under the Last Chance name.

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Institutional Ownership by Quarter for Nordstrom (NYSE:JWN)

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