Nordstrom, Inc. (NYSE:JWN) Holdings Cut by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lessened its stake in shares of Nordstrom, Inc. (NYSE:JWN) by 4.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 45,518 shares of the specialty retailer’s stock after selling 2,300 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Nordstrom were worth $2,157,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. BlackRock Inc. grew its stake in shares of Nordstrom by 1.9% during the second quarter. BlackRock Inc. now owns 8,171,548 shares of the specialty retailer’s stock worth $390,843,000 after buying an additional 150,539 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Nordstrom by 7.4% during the third quarter. Principal Financial Group Inc. now owns 1,967,191 shares of the specialty retailer’s stock worth $92,752,000 after purchasing an additional 136,053 shares during the period. York Capital Management Global Advisors LLC acquired a new position in shares of Nordstrom during the second quarter worth $75,623,000. APG Asset Management N.V. lifted its holdings in shares of Nordstrom by 6.8% during the third quarter. APG Asset Management N.V. now owns 1,519,455 shares of the specialty retailer’s stock worth $71,642,000 after purchasing an additional 97,000 shares during the period. Finally, Disciplined Growth Investors Inc. MN lifted its holdings in shares of Nordstrom by 1,155.2% during the second quarter. Disciplined Growth Investors Inc. MN now owns 893,200 shares of the specialty retailer’s stock worth $42,722,000 after purchasing an additional 822,038 shares during the period. 57.87% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Nordstrom, Inc. (NYSE JWN) traded up $0.66 during mid-day trading on Friday, reaching $47.89. 2,072,927 shares of the company’s stock were exchanged, compared to its average volume of 1,832,014. Nordstrom, Inc. has a twelve month low of $37.79 and a twelve month high of $53.00. The company has a quick ratio of 0.30, a current ratio of 1.00 and a debt-to-equity ratio of 3.14. The company has a market cap of $7,977.61, a P/E ratio of 16.86, a price-to-earnings-growth ratio of 2.55 and a beta of 0.90.

Nordstrom (NYSE:JWN) last released its earnings results on Thursday, November 9th. The specialty retailer reported $0.67 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.04. The firm had revenue of $3.54 billion for the quarter, compared to analysts’ expectations of $3.50 billion. Nordstrom had a net margin of 3.25% and a return on equity of 67.44%. The company’s quarterly revenue was up 2.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.84 earnings per share. research analysts predict that Nordstrom, Inc. will post 2.99 earnings per share for the current fiscal year.

JWN has been the topic of a number of recent research reports. KeyCorp reiterated an “outperform” rating on shares of Nordstrom in a report on Friday, November 10th. Zacks Investment Research lowered shares of Nordstrom from a “hold” rating to a “sell” rating in a report on Tuesday, October 31st. JPMorgan Chase & Co. upgraded shares of Nordstrom from an “underweight” rating to a “neutral” rating and boosted their target price for the company from $33.00 to $48.00 in a report on Tuesday, January 2nd. Robert W. Baird restated a “hold” rating and issued a $50.00 target price on shares of Nordstrom in a report on Wednesday, November 1st. Finally, Piper Jaffray Companies restated a “hold” rating on shares of Nordstrom in a report on Thursday, October 19th. Two equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and seven have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $48.08.

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Nordstrom Company Profile

Nordstrom, Inc is a fashion specialty retailer in the United States. The Company’s segments include Retail and Credit. As of March 20, 2017, the Company operated 344 the United States stores located in 40 states as well as an e-commerce business. The Company also offers its customers a variety of payment products and services, including credit and debit cards.

Institutional Ownership by Quarter for Nordstrom (NYSE:JWN)

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