World Asset Management Inc bought a new stake in Nordstrom, Inc. (NYSE:JWN) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 11,492 shares of the specialty retailer’s stock, valued at approximately $178,000.

A number of other hedge funds have also recently bought and sold shares of the business. Marshall Wace LLP purchased a new stake in shares of Nordstrom during the 4th quarter valued at about $221,000. Advisors Asset Management Inc. grew its position in Nordstrom by 37.6% during the fourth quarter. Advisors Asset Management Inc. now owns 5,474 shares of the specialty retailer’s stock valued at $224,000 after buying an additional 1,495 shares during the period. Ladenburg Thalmann Financial Services Inc. increased its holdings in Nordstrom by 2.4% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 22,061 shares of the specialty retailer’s stock valued at $899,000 after buying an additional 513 shares during the last quarter. Man Group plc raised its position in Nordstrom by 312.6% in the fourth quarter. Man Group plc now owns 100,485 shares of the specialty retailer’s stock worth $4,113,000 after acquiring an additional 76,129 shares during the period. Finally, Alliancebernstein L.P. raised its position in Nordstrom by 93.7% in the fourth quarter. Alliancebernstein L.P. now owns 347,409 shares of the specialty retailer’s stock worth $14,219,000 after acquiring an additional 168,089 shares during the period. 69.70% of the stock is currently owned by institutional investors.

Shares of JWN stock opened at $13.69 on Friday. The stock has a market cap of $2.14 billion, a P/E ratio of -35.10 and a beta of 1.40. Nordstrom, Inc. has a 52 week low of $12.27 and a 52 week high of $43.37. The company has a quick ratio of 0.57, a current ratio of 0.97 and a debt-to-equity ratio of 12.85. The company’s fifty day simple moving average is $15.83 and its two-hundred day simple moving average is $23.37.

Nordstrom (NYSE:JWN) last issued its quarterly earnings data on Thursday, May 28th. The specialty retailer reported ($2.23) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($1.07) by ($1.16). The firm had revenue of $2.03 billion for the quarter, compared to analysts’ expectations of $2.27 billion. Nordstrom had a negative net margin of 0.43% and a positive return on equity of 18.75%. The company’s revenue for the quarter was down 39.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.23 EPS. On average, analysts anticipate that Nordstrom, Inc. will post -2.18 EPS for the current fiscal year.

JWN has been the topic of a number of recent research reports. TheStreet cut Nordstrom from a “c” rating to a “d+” rating in a report on Thursday, May 28th. Wedbush lowered their price objective on Nordstrom from $36.00 to $20.00 and set a “neutral” rating on the stock in a research report on Thursday, April 30th. UBS Group reduced their target price on shares of Nordstrom from $14.00 to $13.00 and set a “sell” rating for the company in a report on Thursday, May 7th. Telsey Advisory Group decreased their target price on shares of Nordstrom from $21.00 to $18.00 and set a “market perform” rating on the stock in a research note on Wednesday, July 8th. Finally, Zacks Investment Research lowered shares of Nordstrom from a “hold” rating to a “sell” rating and set a $19.00 price target for the company. in a research report on Friday, May 29th. Five equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $29.69.

Nordstrom Company Profile

Nordstrom, Inc, a fashion retailer, provides apparel, shoes, cosmetics, and accessories 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 full-line stores and online store at Nordstrom.com; Nordstrom Rack stores; Nordstromrack.com and HauteLook; Jeffrey boutiques; clearance stores that operate under the Last Chance name; Trunk Club clubhouses and TrunkClub.com; and Nordstrom Locals.

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Institutional Ownership by Quarter for Nordstrom (NYSE:JWN)

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