WINTON GROUP Ltd Cuts Stock Holdings in Nordstrom, Inc. (NYSE:JWN)

WINTON GROUP Ltd reduced its stake in Nordstrom, Inc. (NYSE:JWN) by 32.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,380 shares of the specialty retailer’s stock after selling 16,688 shares during the quarter. WINTON GROUP Ltd’s holdings in Nordstrom were worth $854,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Retirement Systems of Alabama raised its position in shares of Nordstrom by 0.4% during the 4th quarter. Retirement Systems of Alabama now owns 117,801 shares of the specialty retailer’s stock valued at $2,845,000 after buying an additional 512 shares in the last quarter. Freestone Capital Holdings LLC raised its position in Nordstrom by 3.0% during the fourth quarter. Freestone Capital Holdings LLC now owns 19,252 shares of the specialty retailer’s stock valued at $465,000 after purchasing an additional 558 shares in the last quarter. Amalgamated Bank lifted its stake in Nordstrom by 1.4% during the fourth quarter. Amalgamated Bank now owns 45,083 shares of the specialty retailer’s stock worth $1,089,000 after purchasing an additional 617 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of Nordstrom by 1.2% in the 4th quarter. Janney Montgomery Scott LLC now owns 55,956 shares of the specialty retailer’s stock worth $1,351,000 after purchasing an additional 640 shares in the last quarter. Finally, Wedmont Private Capital increased its position in shares of Nordstrom by 6.7% during the 4th quarter. Wedmont Private Capital now owns 11,589 shares of the specialty retailer’s stock valued at $278,000 after purchasing an additional 723 shares during the last quarter. 88.73% of the stock is owned by hedge funds and other institutional investors.

Nordstrom Trading Up 0.1 %

NYSE JWN opened at $24.48 on Friday. The stock has a market cap of $4.04 billion, a P/E ratio of 15.59 and a beta of 2.60. Nordstrom, Inc. has a fifty-two week low of $17.21 and a fifty-two week high of $24.99. The stock has a 50 day simple moving average of $24.29 and a two-hundred day simple moving average of $23.57. The company has a debt-to-equity ratio of 2.65, a quick ratio of 0.35 and a current ratio of 1.14.

Nordstrom (NYSE:JWN) last released its quarterly earnings results on Tuesday, March 4th. The specialty retailer reported $1.10 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.20. Nordstrom had a negative net margin of 1.57% and a negative return on equity of 18.04%. The business had revenue of $4.32 billion for the quarter, compared to analysts’ expectations of $4.32 billion. On average, analysts forecast that Nordstrom, Inc. will post 1.97 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Evercore ISI upped their target price on Nordstrom from $22.00 to $24.00 and gave the stock an “in-line” rating in a research note on Monday, January 13th. Argus cut shares of Nordstrom from a “buy” rating to a “sell” rating in a research report on Monday, December 30th. StockNews.com assumed coverage on shares of Nordstrom in a research note on Sunday, March 23rd. They issued a “buy” rating for the company. UBS Group upgraded Nordstrom from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $14.50 to $24.00 in a report on Friday, January 10th. Finally, Telsey Advisory Group restated a “market perform” rating and set a $24.00 target price on shares of Nordstrom in a report on Wednesday, March 5th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $22.90.

Nordstrom Profile

Nordstrom, Inc, a fashion retailer, provides apparels, shoes, beauty, accessories, and home goods 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 stores and online at Nordstrom.com; Nordstrom.ca; Nordstrom stores; Nordstrom Rack stores; Nordstrom Locals; ASOS; Nordstromrack.com; mobile application; and clearance stores under the Last Chance name.