Murphy Pohlad Asset Management LLC bought a new stake in Nordstrom, Inc. (NYSE:JWN) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 31,950 shares of the specialty retailer’s stock, valued at approximately $1,513,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Disciplined Growth Investors Inc. MN grew its position in 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 valued at $42,722,000 after acquiring an additional 822,038 shares during the last quarter. Ameriprise Financial Inc. grew its position in Nordstrom by 596.9% during the third quarter. Ameriprise Financial Inc. now owns 779,081 shares of the specialty retailer’s stock valued at $36,734,000 after acquiring an additional 667,296 shares during the last quarter. USS Investment Management Ltd bought a new position in Nordstrom during the fourth quarter valued at approximately $27,700,000. Amundi Pioneer Asset Management Inc. grew its position in Nordstrom by 196.0% during the third quarter. Amundi Pioneer Asset Management Inc. now owns 694,237 shares of the specialty retailer’s stock valued at $32,733,000 after acquiring an additional 459,719 shares during the last quarter. Finally, Symons Capital Management Inc. bought a new position in Nordstrom during the third quarter valued at approximately $12,932,000. 57.87% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts have commented on the stock. KeyCorp restated an “outperform” rating on shares of Nordstrom in a report on Friday, November 10th. Zacks Investment Research cut 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 raised their target price for the stock 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 reaffirmed a “hold” rating on shares of Nordstrom in a research note on Thursday, October 19th. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and seven have issued a buy rating to the stock. Nordstrom presently has an average rating of “Hold” and an average price target of $48.03.

Shares of Nordstrom, Inc. (NYSE:JWN) opened at $47.85 on Monday. The stock has a market capitalization of $7,970.97, a PE ratio of 16.85, a price-to-earnings-growth ratio of 2.55 and a beta of 0.90. Nordstrom, Inc. has a 52 week low of $37.79 and a 52 week high of $53.00. The company has a debt-to-equity ratio of 3.14, a quick ratio of 0.30 and a current ratio of 1.00.

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

COPYRIGHT VIOLATION WARNING: “31,950 Shares in Nordstrom, Inc. (JWN) Purchased by Murphy Pohlad Asset Management LLC” was first published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this piece of content on another website, it was stolen and reposted in violation of U.S. & international trademark & copyright legislation. The legal version of this piece of content can be read at https://www.thecerbatgem.com/2018/02/05/31950-shares-in-nordstrom-inc-jwn-purchased-by-murphy-pohlad-asset-management-llc.html.

About Nordstrom

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.

Want to see what other hedge funds are holding JWN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nordstrom, Inc. (NYSE:JWN).

Institutional Ownership by Quarter for Nordstrom (NYSE:JWN)

Receive News & Ratings for Nordstrom Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nordstrom and related companies with MarketBeat.com's FREE daily email newsletter.