HighTower Advisors LLC Has $1.11 Million Stake in Nordstrom, Inc. (NYSE:JWN)

HighTower Advisors LLC reduced its stake in Nordstrom, Inc. (NYSE:JWN) by 32.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 45,833 shares of the specialty retailer’s stock after selling 22,382 shares during the quarter. HighTower Advisors LLC’s holdings in Nordstrom were worth $1,107,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in JWN. Charles Schwab Investment Management Inc. lifted its stake in shares of Nordstrom by 17.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,422,856 shares of the specialty retailer’s stock worth $32,000,000 after buying an additional 208,193 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Nordstrom by 2.4% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 310,578 shares of the specialty retailer’s stock worth $6,985,000 after acquiring an additional 7,139 shares during the last quarter. Verition Fund Management LLC boosted its holdings in Nordstrom by 147.4% during the third quarter. Verition Fund Management LLC now owns 1,218,365 shares of the specialty retailer’s stock valued at $27,401,000 after acquiring an additional 725,803 shares during the period. Maverick Capital Ltd. grew its position in shares of Nordstrom by 45.8% in the third quarter. Maverick Capital Ltd. now owns 173,262 shares of the specialty retailer’s stock valued at $3,897,000 after purchasing an additional 54,428 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC bought a new position in shares of Nordstrom in the third quarter worth about $6,171,000. Institutional investors own 88.73% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on JWN. Barclays increased their target price on Nordstrom from $23.00 to $24.00 and gave the company an “equal weight” rating in a research note on Thursday, January 16th. Bank of America boosted their target price on shares of Nordstrom from $20.00 to $22.00 and gave the stock an “underperform” rating in a research report on Wednesday, November 27th. Telsey Advisory Group reissued a “market perform” rating and issued a $24.00 price target on shares of Nordstrom in a report on Wednesday, March 5th. StockNews.com began coverage on shares of Nordstrom in a report on Sunday. They set a “buy” rating on the stock. Finally, Evercore ISI increased their target price on shares of Nordstrom from $22.00 to $24.00 and gave the company an “in-line” rating in a research note on Monday, January 13th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $22.90.

Nordstrom Stock Up 0.3 %

Shares of NYSE JWN opened at $24.45 on Thursday. The business has a fifty day moving average of $24.28 and a two-hundred day moving average of $23.53. 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 52-week low of $17.21 and a 52-week high of $24.99. The stock has a market cap of $4.03 billion, a PE ratio of 15.57 and a beta of 2.60.

Nordstrom (NYSE:JWN) last released its quarterly earnings results on Tuesday, March 4th. The specialty retailer reported $1.10 EPS for the quarter, beating analysts’ consensus estimates 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. As a group, equities research analysts expect that Nordstrom, Inc. will post 1.97 earnings per share 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.