Nordstrom, Inc. (NYSE:JWN) Shares Purchased by Atlas Capital Advisors Inc.

Atlas Capital Advisors Inc. raised its stake in Nordstrom, Inc. (NYSE:JWN) by 45.5% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 4,446 shares of the specialty retailer’s stock after buying an additional 1,391 shares during the quarter. Atlas Capital Advisors Inc.’s holdings in Nordstrom were worth $107,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. American Century Companies Inc. boosted its stake in Nordstrom by 18.3% during the 4th quarter. American Century Companies Inc. now owns 2,912,254 shares of the specialty retailer’s stock valued at $70,331,000 after purchasing an additional 450,539 shares during the period. Hennessy Advisors Inc. bought a new stake in shares of Nordstrom during the fourth quarter valued at approximately $56,026,000. Charles Schwab Investment Management Inc. boosted its position in shares of Nordstrom by 20.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,712,452 shares of the specialty retailer’s stock worth $41,356,000 after buying an additional 289,596 shares during the period. Geode Capital Management LLC grew its holdings in Nordstrom by 0.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,625,616 shares of the specialty retailer’s stock worth $36,570,000 after buying an additional 5,407 shares in the last quarter. Finally, Norges Bank acquired a new stake in Nordstrom in the 4th quarter valued at approximately $33,480,000. Institutional investors and hedge funds own 88.73% of the company’s stock.

Nordstrom Price Performance

Shares of NYSE:JWN opened at $23.33 on Friday. 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 company has a market capitalization of $3.85 billion, a PE ratio of 14.86 and a beta of 2.31. The stock has a fifty day moving average of $24.29 and a 200-day moving average of $23.63. Nordstrom, Inc. has a one year low of $17.21 and a one year high of $24.99.

Nordstrom (NYSE:JWN) last announced its earnings results on Tuesday, March 4th. The specialty retailer reported $1.10 EPS for the quarter, beating the consensus estimate of $0.90 by $0.20. The business had revenue of $4.32 billion during the quarter, compared to the consensus estimate of $4.32 billion. Nordstrom had a negative return on equity of 18.04% and a negative net margin of 1.57%. As a group, equities analysts anticipate that Nordstrom, Inc. will post 1.97 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on JWN. Evercore ISI increased their price target on Nordstrom from $22.00 to $24.00 and gave the stock an “in-line” rating in a research note on Monday, January 13th. Argus lowered shares of Nordstrom from a “buy” rating to a “sell” rating in a research report on Monday, December 30th. Telsey Advisory Group restated a “market perform” rating and set a $24.00 price target on shares of Nordstrom in a research report on Wednesday, March 5th. UBS Group upgraded shares of Nordstrom from a “sell” rating to a “neutral” rating and increased their price objective for the company from $14.50 to $24.00 in a report on Friday, January 10th. Finally, Citigroup reissued a “sell” rating and set a $22.00 target price (down previously from $25.00) on shares of Nordstrom in a report on Friday. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $22.80.

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.