Nordstrom, Inc. (NYSE:JWN) Stock Holdings Reduced by Balyasny Asset Management L.P.

Balyasny Asset Management L.P. lowered its position in Nordstrom, Inc. (NYSE:JWN) by 97.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,370 shares of the specialty retailer’s stock after selling 606,990 shares during the quarter. Balyasny Asset Management L.P.’s holdings in Nordstrom were worth $371,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Madison Investment Advisors LLC purchased a new position in Nordstrom in the fourth quarter valued at about $3,767,000. Charles Schwab Investment Management Inc. grew its stake in Nordstrom by 20.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,712,452 shares of the specialty retailer’s stock valued at $41,356,000 after purchasing an additional 289,596 shares in the last quarter. Avior Wealth Management LLC purchased a new position in Nordstrom in the fourth quarter valued at about $415,000. Norges Bank purchased a new position in Nordstrom in the fourth quarter valued at about $33,480,000. Finally, Sei Investments Co. grew its stake in Nordstrom by 91.5% in the fourth quarter. Sei Investments Co. now owns 52,202 shares of the specialty retailer’s stock valued at $1,261,000 after purchasing an additional 24,944 shares in the last quarter. Hedge funds and other institutional investors own 88.73% of the company’s stock.

Nordstrom Price Performance

NYSE JWN opened at $24.59 on Friday. Nordstrom, Inc. has a twelve month low of $19.45 and a twelve month high of $24.99. The company has a debt-to-equity ratio of 2.65, a quick ratio of 0.35 and a current ratio of 1.14. The stock has a market capitalization of $4.11 billion, a PE ratio of 15.66 and a beta of 2.36. The stock has a 50-day simple moving average of $24.13 and a 200 day simple moving average of $23.89.

Nordstrom (NYSE:JWN) last posted its quarterly earnings data on Tuesday, March 4th. The specialty retailer reported $1.10 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.20. Nordstrom had a negative return on equity of 18.04% and a negative net margin of 1.57%. The business had revenue of $4.32 billion during the quarter, compared to analysts’ expectations of $4.32 billion. Research analysts anticipate that Nordstrom, Inc. will post 1.97 EPS for the current year.

Analyst Ratings Changes

JWN has been the topic of a number of recent research reports. Citigroup restated a “sell” rating and issued a $22.00 target price (down previously from $25.00) on shares of Nordstrom in a research note on Friday, April 4th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $24.00 price target on shares of Nordstrom in a research report on Wednesday, March 5th. Finally, StockNews.com began coverage on Nordstrom in a research report on Saturday, May 10th. They issued a “buy” rating for the company. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $22.80.

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.