GWM Advisors LLC bought a new position in shares of Nordstrom, Inc. (NYSE:JWN) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 6,760 shares of the specialty retailer’s stock, valued at approximately $326,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. San Francisco Sentry Investment Group CA increased its position in Nordstrom by 1,752.0% during the 3rd 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 in the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in Nordstrom during the 4th quarter worth approximately $115,000. Cerebellum GP LLC purchased a new position in Nordstrom in the 4th quarter worth approximately $131,000. Calton & Associates Inc. purchased a new position in Nordstrom in the 4th quarter worth approximately $153,000. Finally, Advisory Services Network LLC boosted its holdings in Nordstrom by 41.8% in the 2nd quarter. Advisory Services Network LLC now owns 3,452 shares of the specialty retailer’s stock worth $165,000 after acquiring an additional 1,018 shares during the period. 57.86% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have weighed in on JWN shares. Robert W. Baird restated a “hold” rating and issued a $50.00 price target on shares of Nordstrom in a report on Wednesday, November 1st. ValuEngine cut Nordstrom from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Zacks Investment Research upgraded Nordstrom from a “sell” rating to a “hold” rating in a report on Wednesday, December 27th. Cowen restated a “buy” rating and issued a $50.00 price target on shares of Nordstrom in a report on Friday, November 10th. Finally, BMO Capital Markets set a $44.00 price target on Nordstrom and gave the stock a “hold” rating in a report on Monday, November 13th. Two equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and seven have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $48.08.
Nordstrom, Inc. (NYSE JWN) opened at $51.50 on Friday. The company has a market capitalization of $8,578.97, a P/E ratio of 16.51, a PEG ratio of 2.74 and a beta of 0.90. The company has a debt-to-equity ratio of 3.14, a quick ratio of 0.30 and a current ratio of 1.00. Nordstrom, Inc. has a one year low of $37.79 and a one year high of $53.00.
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Nordstrom Company Profile
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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