Nordstrom, Inc. (NYSE:JWN) Shares Sold by Sanctuary Advisors LLC

Sanctuary Advisors LLC trimmed its position in Nordstrom, Inc. (NYSE:JWN) by 1.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 50,368 shares of the specialty retailer’s stock after selling 703 shares during the period. Sanctuary Advisors LLC’s holdings in Nordstrom were worth $1,221,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in JWN. Creative Planning lifted its position in Nordstrom by 22.9% in the third quarter. Creative Planning now owns 12,025 shares of the specialty retailer’s stock worth $270,000 after purchasing an additional 2,238 shares during the period. Blue Trust Inc. increased its holdings in shares of Nordstrom by 57.7% in the third quarter. Blue Trust Inc. now owns 3,839 shares of the specialty retailer’s stock valued at $81,000 after buying an additional 1,404 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Nordstrom by 42.2% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,250 shares of the specialty retailer’s stock valued at $183,000 after buying an additional 2,450 shares in the last quarter. State of Alaska Department of Revenue increased its holdings in shares of Nordstrom by 7.3% in the third quarter. State of Alaska Department of Revenue now owns 11,236 shares of the specialty retailer’s stock valued at $252,000 after buying an additional 760 shares in the last quarter. Finally, Leuthold Group LLC bought a new position in shares of Nordstrom in the third quarter valued at $315,000. 88.73% of the stock is currently owned by institutional investors and hedge funds.

Nordstrom Price Performance

Shares of JWN stock opened at $24.33 on Wednesday. Nordstrom, Inc. has a 52-week low of $16.78 and a 52-week high of $24.99. The stock has a market cap of $4.01 billion, a PE 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. The firm’s 50 day moving average price is $24.17 and its two-hundred day moving average price is $23.20.

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

Wall Street Analysts Forecast Growth

JWN has been the topic of several research reports. Argus cut Nordstrom from a “buy” rating to a “sell” rating in a report on Monday, December 30th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $24.00 price target on shares of Nordstrom in a report on Tuesday. Evercore ISI upped their price target on Nordstrom from $22.00 to $24.00 and gave the company an “in-line” rating in a report on Monday, January 13th. Bank of America boosted their target price on shares of Nordstrom from $20.00 to $22.00 and gave the company an “underperform” rating in a research note on Wednesday, November 27th. Finally, UBS Group raised shares of Nordstrom from a “sell” rating to a “neutral” rating and boosted their target price for the company from $14.50 to $24.00 in a research note on Friday, January 10th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price 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.