Hussman Strategic Advisors Inc. Boosts Stock Holdings in Nordstrom, Inc. (NYSE:JWN)

Hussman Strategic Advisors Inc. boosted its position in shares of Nordstrom, Inc. (NYSE:JWN) by 33.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 84,000 shares of the specialty retailer’s stock after buying an additional 21,000 shares during the period. Hussman Strategic Advisors Inc. owned 0.05% of Nordstrom worth $2,029,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Handelsbanken Fonder AB grew its position in shares of Nordstrom by 30.2% in the fourth quarter. Handelsbanken Fonder AB now owns 28,430 shares of the specialty retailer’s stock valued at $687,000 after purchasing an additional 6,600 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in shares of Nordstrom in the fourth quarter valued at approximately $122,000. State of New Jersey Common Pension Fund D grew its position in shares of Nordstrom by 1.2% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 92,596 shares of the specialty retailer’s stock valued at $2,236,000 after purchasing an additional 1,060 shares in the last quarter. Rhumbline Advisers grew its position in shares of Nordstrom by 0.5% in the fourth quarter. Rhumbline Advisers now owns 271,048 shares of the specialty retailer’s stock valued at $6,546,000 after purchasing an additional 1,231 shares in the last quarter. Finally, New York State Teachers Retirement System grew its position in shares of Nordstrom by 7.0% in the fourth quarter. New York State Teachers Retirement System now owns 119,575 shares of the specialty retailer’s stock valued at $2,888,000 after purchasing an additional 7,838 shares in the last quarter. 88.73% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on JWN shares. Bank of America upped their price target on Nordstrom from $20.00 to $22.00 and gave the company an “underperform” rating in a research report on Wednesday, November 27th. Barclays upped their price target on Nordstrom from $23.00 to $24.00 and gave the company an “equal weight” rating in a research report on Thursday, January 16th. StockNews.com began coverage on Nordstrom in a research report on Wednesday. They issued a “buy” rating for the company. Evercore ISI increased their price objective on Nordstrom from $22.00 to $24.00 and gave the stock an “in-line” rating in a research report on Monday, January 13th. Finally, Argus lowered Nordstrom from a “buy” rating to a “sell” rating in a research report on Monday, December 30th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $22.17.

Nordstrom Stock Up 0.0 %

NYSE:JWN opened at $24.33 on Thursday. The company has a quick ratio of 0.35, a current ratio of 1.14 and a debt-to-equity ratio of 2.65. The stock’s fifty day moving average is $24.09 and its two-hundred day moving average is $23.13. Nordstrom, Inc. has a 52 week low of $16.78 and a 52 week high of $24.99. The stock has a market capitalization of $4.01 billion, a price-to-earnings ratio of 15.49 and a beta of 2.51.

Nordstrom (NYSE:JWN) last released its quarterly earnings results on Tuesday, November 26th. The specialty retailer reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.11. The company had revenue of $3.35 billion for the quarter, compared to analysts’ expectations of $3.34 billion. Nordstrom had a negative return on equity of 18.04% and a negative net margin of 1.57%. The firm’s revenue was up 4.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.25 earnings per share. Research analysts anticipate that Nordstrom, Inc. will post 1.97 EPS for the current year.

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.