NN Investment Partners Holdings N.V. Has $951,000 Position in Nordstrom, Inc. (JWN)
NN Investment Partners Holdings N.V. increased its stake in shares of Nordstrom, Inc. (NYSE:JWN) by 2,394.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,883 shares of the specialty retailer’s stock after buying an additional 19,086 shares during the period. NN Investment Partners Holdings N.V.’s holdings in Nordstrom were worth $951,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its position in Nordstrom by 0.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 672,105 shares of the specialty retailer’s stock valued at $32,216,000 after buying an additional 2,373 shares during the last quarter. FMR LLC raised its position in Nordstrom by 42.2% in the fourth quarter. FMR LLC now owns 181,943 shares of the specialty retailer’s stock valued at $8,720,000 after buying an additional 54,007 shares during the last quarter. GSA Capital Partners LLP bought a new position in Nordstrom during the fourth quarter valued at $312,000. Tudor Investment Corp Et Al bought a new position in Nordstrom during the fourth quarter valued at $211,000. Finally, Garde Capital Inc. bought a new position in Nordstrom during the fourth quarter valued at $324,000. 64.07% of the stock is currently owned by hedge funds and other institutional investors.
Nordstrom, Inc. (NYSE JWN) opened at 47.44 on Friday. The firm has a market capitalization of $7.88 billion, a PE ratio of 22.21 and a beta of 0.83. The company’s 50-day moving average price is $46.32 and its 200 day moving average price is $45.27. Nordstrom, Inc. has a 12 month low of $39.05 and a 12 month high of $62.82.
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Several equities analysts have weighed in on JWN shares. Royal Bank Of Canada reissued a “hold” rating and issued a $47.00 target price on shares of Nordstrom in a research note on Monday, March 27th. BMO Capital Markets reissued a “hold” rating and issued a $50.00 target price on shares of Nordstrom in a research note on Monday, March 27th. Vetr lowered Nordstrom from a “hold” rating to a “sell” rating and set a $41.24 target price on the stock. in a research note on Tuesday, March 28th. Credit Suisse Group set a $52.00 target price on Nordstrom and gave the company a “buy” rating in a research note on Saturday, April 1st. Finally, Zacks Investment Research lowered Nordstrom from a “hold” rating to a “sell” rating in a research note on Wednesday, April 26th. Five equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $47.23.
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.
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