Davidson Investment Advisors cut its holdings in shares of Nordstrom, Inc. (NYSE:JWN) by 3.2% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 280,804 shares of the specialty retailer’s stock after selling 9,257 shares during the quarter. Nordstrom comprises 1.4% of Davidson Investment Advisors’ portfolio, making the stock its 20th largest holding. Davidson Investment Advisors’ holdings in Nordstrom were worth $13,304,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of JWN. Ameriprise Financial Inc. increased its stake in shares of 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 buying an additional 667,296 shares during the period. USS Investment Management Ltd bought a new stake in shares of Nordstrom during the fourth quarter valued at approximately $27,700,000. Amundi Pioneer Asset Management Inc. boosted its position in shares of 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 purchasing an additional 459,719 shares in the last quarter. Symons Capital Management Inc. bought a new stake in shares of Nordstrom during the third quarter valued at approximately $12,932,000. Finally, Evergreen Capital Management LLC boosted its position in shares of Nordstrom by 233.6% during the third quarter. Evergreen Capital Management LLC now owns 284,681 shares of the specialty retailer’s stock valued at $13,423,000 after purchasing an additional 199,339 shares in the last quarter. 57.86% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms have commented on JWN. UBS Group dropped their target price on Nordstrom from $46.00 to $43.00 and set a “neutral” rating on the stock in a report on Friday, November 10th. Robert W. Baird dropped their target price on Nordstrom from $50.00 to $43.00 and set a “neutral” rating on the stock in a report on Friday, November 10th. Cowen reissued a “buy” rating and issued a $50.00 target price on shares of Nordstrom in a report on Friday, November 10th. BMO Capital Markets set a $44.00 target price on Nordstrom and gave the stock a “hold” rating in a report on Monday, November 13th. Finally, William Blair downgraded Nordstrom from an “outperform” rating to a “market perform” rating in a report on Tuesday, January 23rd. Two investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and seven have issued a buy rating to the company. Nordstrom currently has a consensus rating of “Hold” and an average price target of $48.08.

Nordstrom, Inc. (NYSE JWN) opened at $49.17 on Wednesday. The stock has a market capitalization of $8,057.59, a price-to-earnings ratio of 15.50, a PEG ratio of 2.57 and a beta of 0.90. The company has a current ratio of 1.00, a quick ratio of 0.30 and a debt-to-equity ratio of 3.14. Nordstrom, Inc. has a 1-year low of $37.79 and a 1-year high of $53.00.

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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.

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Institutional Ownership by Quarter for Nordstrom (NYSE:JWN)

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