Capital Analysts LLC Makes New Investment in Nordstrom, Inc. (NYSE:JWN)

Capital Analysts LLC purchased a new position in shares of Nordstrom, Inc. (NYSE:JWN) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,372 shares of the specialty retailer’s stock, valued at approximately $128,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Envestnet Asset Management Inc. raised its position in Nordstrom by 78.9% during the first quarter. Envestnet Asset Management Inc. now owns 103,449 shares of the specialty retailer’s stock worth $3,918,000 after acquiring an additional 45,610 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Nordstrom by 5.7% in the first quarter. Northern Trust Corp now owns 1,009,285 shares of the specialty retailer’s stock valued at $38,222,000 after purchasing an additional 54,736 shares during the last quarter. Davidson Kempner Capital Management LP acquired a new position in shares of Nordstrom in the fourth quarter valued at $3,404,000. Alliancebernstein L.P. increased its holdings in shares of Nordstrom by 1.0% in the first quarter. Alliancebernstein L.P. now owns 179,855 shares of the specialty retailer’s stock valued at $6,811,000 after purchasing an additional 1,699 shares during the last quarter. Finally, Neo Ivy Capital Management acquired a new position in shares of Nordstrom in the fourth quarter valued at $46,000. 53.09% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms have commented on JWN. Telsey Advisory Group decreased their price objective on shares of Nordstrom from $44.00 to $36.00 in a report on Wednesday, May 26th. TheStreet downgraded shares of Nordstrom from a “c-” rating to a “d+” rating in a report on Monday. JPMorgan Chase & Co. upped their price objective on shares of Nordstrom from $37.00 to $42.00 and gave the company a “neutral” rating in a report on Monday, May 17th. Finally, Barclays upped their price target on shares of Nordstrom from $19.00 to $20.00 and gave the company an “underweight” rating in a research note on Wednesday, May 26th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $33.33.

In other news, CFO Anne L. Bramman sold 6,667 shares of the stock in a transaction dated Monday, May 10th. The shares were sold at an average price of $40.00, for a total value of $266,680.00. Following the completion of the transaction, the chief financial officer now owns 143,349 shares of the company’s stock, valued at $5,733,960. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Michael W. Maher sold 3,000 shares of the stock in a transaction dated Wednesday, May 5th. The stock was sold at an average price of $40.00, for a total transaction of $120,000.00. Following the completion of the transaction, the chief accounting officer now directly owns 35,149 shares of the company’s stock, valued at approximately $1,405,960. The disclosure for this sale can be found here. Insiders have sold 38,599 shares of company stock worth $1,521,614 over the last quarter. Corporate insiders own 5.52% of the company’s stock.

Shares of Nordstrom stock opened at $33.54 on Thursday. The company has a debt-to-equity ratio of 17.15, a quick ratio of 0.38 and a current ratio of 0.87. Nordstrom, Inc. has a 12-month low of $11.72 and a 12-month high of $46.45. The business’s 50-day moving average price is $35.46.

Nordstrom (NYSE:JWN) last announced its quarterly earnings data on Monday, May 24th. The specialty retailer reported ($0.64) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.57) by ($0.07). The firm had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.83 billion. Nordstrom had a negative return on equity of 128.87% and a negative net margin of 2.89%. The company’s quarterly revenue was up 44.2% on a year-over-year basis. During the same quarter in the previous year, the company earned ($2.23) earnings per share. On average, analysts predict that Nordstrom, Inc. will post 1.19 EPS for the current fiscal 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; TrunkClub.com; Nordstrom.ca; Nordstrom stores; Nordstrom Rack stores; Nordstrom Locals; Nordstromrack.com, and HauteLook; clearance stores under the Last Chance name; Trunk Club clubhouses; and Jeffrey boutiques.

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Institutional Ownership by Quarter for Nordstrom (NYSE:JWN)

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