Nordstrom, Inc. (NYSE:JWN) Shares Bought by Xponance Inc.

Xponance Inc. increased its stake in Nordstrom, Inc. (NYSE:JWN) by 47.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,574 shares of the specialty retailer’s stock after purchasing an additional 4,976 shares during the quarter. Xponance Inc.’s holdings in Nordstrom were worth $376,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of JWN. Hennessy Advisors Inc. acquired a new stake in shares of Nordstrom in the 4th quarter worth approximately $56,026,000. Great Lakes Advisors LLC acquired a new stake in Nordstrom in the fourth quarter worth approximately $21,736,000. Verition Fund Management LLC boosted its stake in Nordstrom by 147.4% during the 3rd quarter. Verition Fund Management LLC now owns 1,218,365 shares of the specialty retailer’s stock valued at $27,401,000 after purchasing an additional 725,803 shares in the last quarter. Versor Investments LP acquired a new position in shares of Nordstrom during the 4th quarter valued at $9,409,000. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Nordstrom by 20.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,712,452 shares of the specialty retailer’s stock worth $41,356,000 after buying an additional 289,596 shares in the last quarter. Institutional investors own 88.73% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on JWN shares. UBS Group raised Nordstrom from a “sell” rating to a “neutral” rating and lifted their target price 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 target price on shares of Nordstrom in a report on Wednesday, March 5th. Evercore ISI lifted 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. StockNews.com assumed coverage on Nordstrom in a report on Sunday. They issued a “buy” rating on the stock. Finally, Bank of America lifted their target price on Nordstrom from $20.00 to $22.00 and gave the stock an “underperform” rating in a report on Wednesday, November 27th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, Nordstrom has an average rating of “Hold” and a consensus price target of $22.90.

Nordstrom Trading Up 0.3 %

Shares of NYSE JWN opened at $24.45 on Thursday. The company has a current ratio of 1.14, a quick ratio of 0.35 and a debt-to-equity ratio of 2.65. Nordstrom, Inc. has a one year low of $17.21 and a one year high of $24.99. The business has a 50-day moving average price of $24.28 and a two-hundred day moving average price of $23.53. The firm has a market capitalization of $4.03 billion, a PE ratio of 15.57 and a beta of 2.60.

Nordstrom (NYSE:JWN) last announced its quarterly earnings data on Tuesday, March 4th. The specialty retailer reported $1.10 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 for the quarter, compared to the consensus estimate of $4.32 billion. As a group, analysts predict that Nordstrom, Inc. will post 1.97 earnings per share for the current fiscal year.

Nordstrom Company 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.