Nordstrom, Inc. (NYSE:JWN) Shares Bought by Point72 Asset Management L.P.

Point72 Asset Management L.P. grew its position in shares of Nordstrom, Inc. (NYSE:JWN) by 233.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 198,874 shares of the specialty retailer’s stock after acquiring an additional 139,196 shares during the quarter. Point72 Asset Management L.P. owned about 0.12% of Nordstrom worth $4,803,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Spire Wealth Management grew its stake in shares of Nordstrom by 90.9% in the fourth quarter. Spire Wealth Management now owns 2,100 shares of the specialty retailer’s stock valued at $51,000 after buying an additional 1,000 shares in the last quarter. Wolverine Asset Management LLC acquired a new stake in shares of Nordstrom in the fourth quarter valued at about $63,000. Vestcor Inc acquired a new stake in shares of Nordstrom in the fourth quarter valued at about $63,000. Atlas Capital Advisors Inc. grew its stake in shares of Nordstrom by 45.5% in the fourth quarter. Atlas Capital Advisors Inc. now owns 4,446 shares of the specialty retailer’s stock valued at $107,000 after buying an additional 1,391 shares in the last quarter. Finally, KBC Group NV grew its stake in shares of Nordstrom by 36.5% in the fourth quarter. KBC Group NV now owns 4,816 shares of the specialty retailer’s stock valued at $116,000 after buying an additional 1,287 shares in the last quarter. 88.73% of the stock is currently owned by institutional investors and hedge funds.

Nordstrom Trading Up 0.2%

Shares of JWN opened at $24.63 on Tuesday. The company has a market capitalization of $4.12 billion, a P/E ratio of 15.69 and a beta of 2.36. Nordstrom, Inc. has a one year low of $19.45 and a one year 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 50-day moving average price of $24.14 and a 200 day moving average price of $23.92.

Nordstrom (NYSE:JWN) last released its earnings results 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 return on equity of 18.04% and a negative net margin of 1.57%. The company had revenue of $4.32 billion for the quarter, compared to the consensus estimate of $4.32 billion. Sell-side 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 have recently issued reports on the company. Citigroup reiterated 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. StockNews.com assumed coverage on Nordstrom in a research note on Sunday. They issued a “buy” rating for the company. Finally, Telsey Advisory Group reiterated a “market perform” rating and issued a $24.00 target price on shares of Nordstrom in a research note on Wednesday, March 5th. Four analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average 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.