New York State Teachers Retirement System Increases Holdings in Nordstrom, Inc. (NYSE:JWN)

New York State Teachers Retirement System lifted its position in Nordstrom, Inc. (NYSE:JWN) by 7.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 119,575 shares of the specialty retailer’s stock after purchasing an additional 7,838 shares during the quarter. New York State Teachers Retirement System owned about 0.07% of Nordstrom worth $2,888,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Venturi Wealth Management LLC raised its stake in shares of Nordstrom by 355.9% in the third quarter. Venturi Wealth Management LLC now owns 1,272 shares of the specialty retailer’s stock worth $29,000 after purchasing an additional 993 shares during the last quarter. Spire Wealth Management raised its position in Nordstrom by 90.9% during the fourth 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 in the last quarter. CWM LLC raised its position in Nordstrom by 28.7% during the third quarter. CWM LLC now owns 3,628 shares of the specialty retailer’s stock valued at $82,000 after acquiring an additional 810 shares in the last quarter. Blue Trust Inc. raised its position in Nordstrom by 57.7% during the third quarter. Blue Trust Inc. now owns 3,839 shares of the specialty retailer’s stock valued at $81,000 after acquiring an additional 1,404 shares in the last quarter. Finally, KBC Group NV raised its position in Nordstrom by 36.5% during 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 in the last quarter. 88.73% of the stock is currently owned by hedge funds and other institutional investors.

Nordstrom Stock Performance

NYSE JWN opened at $24.33 on Friday. The stock’s fifty day moving average is $24.13 and its two-hundred day moving average is $23.14. The firm has a market capitalization of $4.01 billion, a P/E ratio of 15.49 and a beta of 2.51. 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, Inc. has a fifty-two week low of $16.78 and a fifty-two week high of $24.99.

Nordstrom (NYSE:JWN) last posted its earnings results on Tuesday, November 26th. The specialty retailer reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.11. Nordstrom had a negative return on equity of 18.04% and a negative net margin of 1.57%. The company had revenue of $3.35 billion for the quarter, compared to the consensus estimate of $3.34 billion. During the same quarter in the previous year, the business earned $0.25 earnings per share. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. On average, research analysts anticipate that Nordstrom, Inc. will post 1.97 earnings per share for the current year.

Wall Street Analysts Forecast Growth

JWN has been the subject of several recent research reports. Barclays lifted their price target on 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 reiterated a “market perform” rating and set a $24.00 price target on shares of Nordstrom in a research report on Monday, January 13th. StockNews.com initiated coverage on Nordstrom in a research report on Wednesday. They set a “buy” rating for the company. Evercore ISI lifted their price target on Nordstrom from $22.00 to $24.00 and gave the company an “in-line” rating in a research report on Monday, January 13th. Finally, UBS Group raised Nordstrom from a “sell” rating to a “neutral” rating and raised their price objective for the company from $14.50 to $24.00 in a report on Friday, January 10th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $22.17.

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.