Point72 Asia Singapore Pte. Ltd. Takes Position in Nordstrom, Inc. (NYSE:JWN)

Point72 Asia Singapore Pte. Ltd. acquired a new stake in Nordstrom, Inc. (NYSE:JWN) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 6,795 shares of the specialty retailer’s stock, valued at approximately $164,000.

Other hedge funds also recently made changes to their positions in the company. Madison Investment Advisors LLC acquired a new position in shares of Nordstrom in the 4th quarter valued at $3,767,000. 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 valued at $41,356,000 after buying an additional 289,596 shares in the last quarter. Avior Wealth Management LLC acquired a new position in shares of Nordstrom in the 4th quarter valued at $415,000. Norges Bank acquired a new position in shares of Nordstrom in the 4th quarter valued at $33,480,000. Finally, Sei Investments Co. raised its stake in shares of Nordstrom by 91.5% in the 4th quarter. Sei Investments Co. now owns 52,202 shares of the specialty retailer’s stock valued at $1,261,000 after buying an additional 24,944 shares in the last quarter. Institutional investors and hedge funds own 88.73% of the company’s stock.

Nordstrom Stock Up 0.2%

Shares of NYSE:JWN opened at $24.59 on Friday. Nordstrom, Inc. has a 12 month low of $19.45 and a 12 month high of $24.99. The company’s 50-day moving average price is $24.13 and its two-hundred day moving average price is $23.89. 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 firm has a market cap of $4.11 billion, a P/E ratio of 15.66 and a beta of 2.36.

Nordstrom (NYSE:JWN) last issued its quarterly earnings data on Tuesday, March 4th. The specialty retailer reported $1.10 EPS for the quarter, topping 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 analyst estimates of $4.32 billion. As a group, research analysts forecast that Nordstrom, Inc. will post 1.97 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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; Nordstrom.ca; Nordstrom stores; Nordstrom Rack stores; Nordstrom Locals; ASOS; Nordstromrack.com; mobile application; and clearance stores under the Last Chance name.