Millie Capital Management LLC reduced its holdings in Nordstrom, Inc. (NYSE:JWN) by 37.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 17,236 shares of the specialty retailer’s stock after selling 10,349 shares during the quarter. Millie Capital Management LLC’s holdings in Nordstrom were worth $817,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. San Francisco Sentry Investment Group CA grew its position in shares of Nordstrom by 1,752.0% in the 3rd quarter. San Francisco Sentry Investment Group CA now owns 2,315 shares of the specialty retailer’s stock worth $109,000 after buying an additional 2,190 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new position in shares of Nordstrom in the 4th quarter valued at approximately $115,000. Cerebellum GP LLC purchased a new position in shares of Nordstrom in the 4th quarter valued at approximately $131,000. Calton & Associates Inc. purchased a new position in shares of Nordstrom in the 4th quarter valued at approximately $153,000. Finally, Advisory Services Network LLC lifted its stake in shares of Nordstrom by 41.8% in the 2nd quarter. Advisory Services Network LLC now owns 3,452 shares of the specialty retailer’s stock valued at $165,000 after purchasing an additional 1,018 shares during the period. Hedge funds and other institutional investors own 57.86% of the company’s stock.
Nordstrom, Inc. (JWN) traded down $0.12 during mid-day trading on Friday, hitting $51.12. The stock had a trading volume of 616,353 shares, compared to its average volume of 1,873,239. 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 stock has a market capitalization of $8,389.09, a PE ratio of 18.20, a P/E/G ratio of 2.68 and a beta of 0.90.
A number of research analysts have recently commented on the company. KeyCorp restated an “outperform” rating on shares of Nordstrom in a research note on Friday, November 10th. JPMorgan Chase & Co. upgraded Nordstrom from an “underweight” rating to a “neutral” rating and raised their target price for the company from $33.00 to $48.00 in a research note on Tuesday, January 2nd. Robert W. Baird lowered their target price on Nordstrom from $50.00 to $43.00 and set a “neutral” rating for the company in a research note on Friday, November 10th. Bank of America lowered their target price on Nordstrom from $40.00 to $35.00 and set an “underperform” rating for the company in a research note on Friday, November 10th. Finally, Zacks Investment Research upgraded Nordstrom from a “sell” rating to a “hold” rating and set a $45.00 target price for the company in a research note on Wednesday, November 8th. Two analysts have rated the stock with a sell rating, sixteen have given a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus 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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