Nuveen Asset Management LLC Sells 46,828 Shares of Nordstrom, Inc. (NYSE:JWN)

Nuveen Asset Management LLC decreased its stake in shares of Nordstrom, Inc. (NYSE:JWN) by 6.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 632,433 shares of the specialty retailer’s stock after selling 46,828 shares during the period. Nuveen Asset Management LLC owned approximately 0.38% of Nordstrom worth $15,273,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in JWN. Pentwater Capital Management LP acquired a new position in Nordstrom during the fourth quarter worth $61,582,000. Norges Bank acquired a new position in Nordstrom during the fourth quarter worth $33,480,000. Great Lakes Advisors LLC acquired a new position in Nordstrom during the fourth quarter worth $21,736,000. Schonfeld Strategic Advisors LLC boosted its holdings in Nordstrom by 453.8% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 667,710 shares of the specialty retailer’s stock worth $16,125,000 after purchasing an additional 547,147 shares during the last quarter. Finally, American Century Companies Inc. boosted its holdings in Nordstrom by 18.3% during the fourth quarter. American Century Companies Inc. now owns 2,912,254 shares of the specialty retailer’s stock worth $70,331,000 after purchasing an additional 450,539 shares during the last quarter. Institutional investors own 88.73% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on JWN shares. Telsey Advisory Group restated a “market perform” rating and set a $24.00 target price on shares of Nordstrom in a report on Wednesday, March 5th. Citigroup restated a “sell” rating and set a $22.00 target price (down previously from $25.00) on shares of Nordstrom in a report on Friday, April 4th. Finally, Wall Street Zen started coverage on shares of Nordstrom in a report on Sunday, May 18th. They set a “buy” rating for the company. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $22.80.

Nordstrom Stock Performance

Shares of JWN stock opened at $24.68 on Monday. The stock has a market cap of $4.13 billion, a P/E ratio of 15.72 and a beta of 2.36. The company has a debt-to-equity ratio of 2.65, a current ratio of 1.14 and a quick ratio of 0.35. The company has a fifty day moving average price of $24.18 and a two-hundred day moving average price of $23.97. Nordstrom, Inc. has a one year low of $19.45 and a one year high of $24.99.

Nordstrom (NYSE:JWN) last issued its quarterly earnings data 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. The company had revenue of $4.32 billion for the quarter, compared to analyst estimates of $4.32 billion. Nordstrom had a negative net margin of 1.57% and a negative return on equity of 18.04%. As a group, equities analysts predict that Nordstrom, Inc. will post 1.97 EPS for the current year.

About Nordstrom

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.