D.A. Davidson & CO. lessened its holdings in shares of Nordstrom, Inc. (NYSE:JWN) by 27.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 199,356 shares of the specialty retailer’s stock after selling 75,852 shares during the period. D.A. Davidson & CO. owned 0.12% of Nordstrom worth $9,445,000 as of its most recent filing with the SEC.
Other large investors have also modified their holdings of the company. San Francisco Sentry Investment Group CA lifted its holdings in shares of Nordstrom by 1,752.0% during the third quarter. San Francisco Sentry Investment Group CA now owns 2,315 shares of the specialty retailer’s stock worth $109,000 after purchasing an additional 2,190 shares during the period. Harvest Fund Management Co. Ltd acquired a new position in shares of Nordstrom during the fourth quarter worth $115,000. Cerebellum GP LLC acquired a new position in shares of Nordstrom during the fourth quarter worth $131,000. Calton & Associates Inc. acquired a new position in shares of Nordstrom during the fourth quarter worth $153,000. Finally, Advisory Services Network LLC lifted its holdings in shares of Nordstrom by 41.8% during the second quarter. Advisory Services Network LLC now owns 3,452 shares of the specialty retailer’s stock worth $165,000 after purchasing an additional 1,018 shares during the period. Institutional investors own 57.86% of the company’s stock.
Shares of Nordstrom, Inc. (NYSE:JWN) opened at $50.55 on Thursday. Nordstrom, Inc. has a 52 week low of $37.79 and a 52 week high of $53.00. The company has a quick ratio of 0.30, a current ratio of 1.00 and a debt-to-equity ratio of 3.14. The firm has a market cap of $8,190.86, a price-to-earnings ratio of 15.76, a price-to-earnings-growth ratio of 2.62 and a beta of 0.90.
A number of equities analysts have recently commented on the stock. William Blair lowered shares of Nordstrom from an “outperform” rating to a “market perform” rating in a report on Tuesday, January 23rd. Zacks Investment Research upgraded shares of Nordstrom from a “hold” rating to a “buy” rating and set a $56.00 price target on the stock in a report on Monday, January 15th. BMO Capital Markets set a $50.00 price target on shares of Nordstrom and gave the stock a “hold” rating in a report on Friday, January 12th. Piper Jaffray Companies set a $45.00 price target on shares of Nordstrom and gave the stock a “hold” rating in a report on Wednesday, January 10th. Finally, Robert W. Baird set a $49.00 price target on shares of Nordstrom and gave the stock a “hold” rating in a report on Friday, December 22nd. Two analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and seven have issued a buy rating to the company’s stock. Nordstrom presently has an average rating of “Hold” and an average price target of $48.08.
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Nordstrom, Inc is a fashion specialty retailer in the United States. The Company’s segments include Retail and Credit. As of March 20, 2017, the Company operated 344 the United States stores located in 40 states as well as an e-commerce business. The Company also offers its customers a variety of payment products and services, including credit and debit cards.
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