Commonwealth Equity Services LLC Sells 60,727 Shares of Nordstrom, Inc. (NYSE:JWN)

Commonwealth Equity Services LLC lowered its stake in shares of Nordstrom, Inc. (NYSE:JWN) by 32.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 125,913 shares of the specialty retailer’s stock after selling 60,727 shares during the quarter. Commonwealth Equity Services LLC owned 0.08% of Nordstrom worth $3,041,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of JWN. Landscape Capital Management L.L.C. purchased a new stake in shares of Nordstrom in the third quarter valued at about $212,000. Charles Schwab Investment Management Inc. increased its stake in Nordstrom by 17.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,422,856 shares of the specialty retailer’s stock valued at $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 boosted its stake in shares of Nordstrom by 2.4% in 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 buying an additional 7,139 shares during the last quarter. Verition Fund Management LLC grew its holdings in shares of Nordstrom by 147.4% in 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 in the last quarter. Finally, Maverick Capital Ltd. increased its position in shares of Nordstrom by 45.8% during the third quarter. Maverick Capital Ltd. now owns 173,262 shares of the specialty retailer’s stock valued at $3,897,000 after acquiring an additional 54,428 shares during the last quarter. 88.73% of the stock is owned by hedge funds and other institutional investors.

Nordstrom Price Performance

Shares of NYSE JWN opened at $24.40 on Wednesday. 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 $17.21 and a fifty-two week high of $24.99. The stock has a market cap of $4.03 billion, a PE ratio of 15.54 and a beta of 2.60. The stock has a fifty day moving average of $24.27 and a 200-day moving average of $23.53.

Nordstrom (NYSE:JWN) last announced its quarterly earnings results 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. Nordstrom had a negative return on equity of 18.04% and a negative net margin of 1.57%. The firm had revenue of $4.32 billion for the quarter, compared to analysts’ expectations of $4.32 billion. Equities research analysts anticipate that Nordstrom, Inc. will post 1.97 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have weighed in on JWN shares. Bank of America boosted their price objective on Nordstrom from $20.00 to $22.00 and gave the stock an “underperform” rating in a research report on Wednesday, November 27th. Barclays increased 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. Argus lowered shares of Nordstrom from a “buy” rating to a “sell” rating in a research report on Monday, December 30th. Telsey Advisory Group reissued a “market perform” rating and set a $24.00 target price on shares of Nordstrom in a research report on Wednesday, March 5th. Finally, Evercore ISI lifted their price target on shares of Nordstrom from $22.00 to $24.00 and gave the stock an “in-line” rating in a report on Monday, January 13th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Nordstrom presently has an average rating of “Hold” and a consensus price target of $22.90.

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.