Price T Rowe Associates Inc. MD Acquires 4,796 Shares of Nordstrom, Inc. (NYSE:JWN)

Price T Rowe Associates Inc. MD boosted its holdings in Nordstrom, Inc. (NYSE:JWN) by 8.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 63,129 shares of the specialty retailer’s stock after purchasing an additional 4,796 shares during the quarter. Price T Rowe Associates Inc. MD’s holdings in Nordstrom were worth $1,525,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of JWN. Spire Wealth Management lifted its position in shares of Nordstrom by 90.9% during the 4th quarter. Spire Wealth Management now owns 2,100 shares of the specialty retailer’s stock valued at $51,000 after acquiring an additional 1,000 shares during the period. Wolverine Asset Management LLC bought a new stake in Nordstrom in the 4th quarter valued at about $63,000. Vestcor Inc acquired a new position in Nordstrom during the 4th quarter worth approximately $63,000. Atlas Capital Advisors Inc. boosted its holdings in Nordstrom by 45.5% in the fourth quarter. Atlas Capital Advisors Inc. now owns 4,446 shares of the specialty retailer’s stock worth $107,000 after acquiring an additional 1,391 shares in the last quarter. Finally, KBC Group NV grew its stake in Nordstrom by 36.5% in the fourth quarter. KBC Group NV now owns 4,816 shares of the specialty retailer’s stock valued at $116,000 after acquiring an additional 1,287 shares during the period. 88.73% of the stock is currently owned by institutional investors.

Nordstrom Stock Up 0.5 %

JWN opened at $24.37 on Friday. Nordstrom, Inc. has a twelve month low of $19.45 and a twelve month high of $24.99. The company’s 50-day moving average price is $24.11 and its two-hundred day moving average price is $23.83. The stock has a market cap of $4.08 billion, a price-to-earnings ratio of 15.52 and a beta of 2.36. The company has a quick ratio of 0.35, a current ratio of 1.14 and a debt-to-equity ratio of 2.65.

Nordstrom (NYSE:JWN) last announced its quarterly earnings data 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. The business had revenue of $4.32 billion during the quarter, compared to analyst estimates of $4.32 billion. Nordstrom had a negative return on equity of 18.04% and a negative net margin of 1.57%. As a group, equities analysts expect that Nordstrom, Inc. will post 1.97 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. UBS Group upgraded Nordstrom from a “sell” rating to a “neutral” rating and increased their target price for the stock from $14.50 to $24.00 in a report on Friday, January 10th. Evercore ISI boosted their target price on shares of Nordstrom from $22.00 to $24.00 and gave the stock an “in-line” rating in a research report on Monday, January 13th. Barclays raised their price target on shares of Nordstrom from $23.00 to $24.00 and gave the company an “equal weight” rating in a research report on Thursday, January 16th. Telsey Advisory Group reissued a “market perform” rating and set a $24.00 price objective on shares of Nordstrom in a report on Wednesday, March 5th. Finally, Citigroup restated a “sell” rating and issued a $22.00 target price (down previously from $25.00) on shares of Nordstrom in a report on Friday, April 4th. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $22.80.

Nordstrom Company 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.