Garde Capital Inc. Sells 1,437 Shares of Nordstrom, Inc. (NYSE:JWN)

Garde Capital Inc. cut its holdings in Nordstrom, Inc. (NYSE:JWN) by 5.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 24,628 shares of the specialty retailer’s stock after selling 1,437 shares during the quarter. Garde Capital Inc.’s holdings in Nordstrom were worth $595,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Retirement Systems of Alabama raised its holdings in shares of Nordstrom by 0.4% during the fourth quarter. Retirement Systems of Alabama now owns 117,801 shares of the specialty retailer’s stock worth $2,845,000 after acquiring an additional 512 shares during the period. Freestone Capital Holdings LLC raised its holdings in shares of Nordstrom by 3.0% during the fourth quarter. Freestone Capital Holdings LLC now owns 19,252 shares of the specialty retailer’s stock worth $465,000 after acquiring an additional 558 shares during the period. Amalgamated Bank raised its holdings in shares of 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 acquiring an additional 617 shares during the period. Janney Montgomery Scott LLC raised its holdings in shares of Nordstrom by 1.2% during the fourth quarter. Janney Montgomery Scott LLC now owns 55,956 shares of the specialty retailer’s stock worth $1,351,000 after acquiring an additional 640 shares during the period. Finally, Avantax Advisory Services Inc. raised its holdings in shares of Nordstrom by 3.5% during the fourth quarter. Avantax Advisory Services Inc. now owns 21,181 shares of the specialty retailer’s stock worth $512,000 after acquiring an additional 725 shares during the period. 88.73% of the stock is owned by institutional investors.

Analyst Ratings Changes

JWN has been the topic of a number of research analyst reports. Telsey Advisory Group restated a “market perform” rating and set a $24.00 price objective on shares of Nordstrom in a report on Wednesday, March 5th. Citigroup restated a “sell” rating and set a $22.00 price objective (down from $25.00) on shares of Nordstrom in a report on Friday, April 4th. Finally, Wall Street Zen started coverage on shares of Nordstrom in a report on Sunday, May 18th. They set a “buy” rating on the stock. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat, Nordstrom has a consensus rating of “Hold” and an average target price of $22.80.

Nordstrom Stock Up 0.1%

Shares of JWN stock opened at $24.68 on Friday. The company has a current ratio of 1.14, a quick ratio of 0.35 and a debt-to-equity ratio of 2.65. Nordstrom, Inc. has a 1 year low of $19.45 and a 1 year high of $24.99. The firm’s fifty day moving average price is $24.18 and its two-hundred day moving average price is $23.97. The firm has a market capitalization of $4.13 billion, a P/E ratio of 15.72 and a beta of 2.36.

Nordstrom (NYSE:JWN) last issued its quarterly earnings results on Tuesday, March 4th. The specialty retailer reported $1.10 earnings per share (EPS) 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 firm had revenue of $4.32 billion for the quarter, compared to analyst estimates of $4.32 billion. On average, equities analysts predict that Nordstrom, Inc. will post 1.97 EPS for the current fiscal year.

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.