Nordstrom, Inc. (NYSE:JWN) Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC raised its holdings in shares of Nordstrom, Inc. (NYSE:JWN) by 187.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 49,870 shares of the specialty retailer’s stock after purchasing an additional 32,533 shares during the period. SG Americas Securities LLC’s holdings in Nordstrom were worth $1,219,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the business. Harbor Capital Advisors Inc. acquired a new position in shares of Nordstrom during the first quarter worth $525,000. Patriot Financial Group Insurance Agency LLC increased its position in shares of Nordstrom by 75.2% in the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 23,379 shares of the specialty retailer’s stock valued at $572,000 after acquiring an additional 10,033 shares during the period. Wedmont Private Capital increased its position in shares of Nordstrom by 15.4% in the 1st quarter. Wedmont Private Capital now owns 13,374 shares of the specialty retailer’s stock valued at $318,000 after acquiring an additional 1,785 shares during the period. Rhumbline Advisers increased its position in shares of Nordstrom by 1.3% in the 1st quarter. Rhumbline Advisers now owns 274,526 shares of the specialty retailer’s stock valued at $6,712,000 after acquiring an additional 3,478 shares during the period. Finally, Parallel Advisors LLC increased its position in shares of Nordstrom by 48.6% in the 1st quarter. Parallel Advisors LLC now owns 1,690 shares of the specialty retailer’s stock valued at $41,000 after acquiring an additional 553 shares during the period. 88.73% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on JWN. Wall Street Zen began coverage on Nordstrom in a research report on Sunday, May 18th. They set a “buy” rating on the stock. Telsey Advisory Group reaffirmed a “market perform” rating and set a $24.00 price target on shares of Nordstrom in a research report on Wednesday, March 5th. Finally, Citigroup reaffirmed a “sell” rating and set a $22.00 price target (down from $25.00) on shares of Nordstrom in a research report on Friday, April 4th. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $22.80.

Nordstrom Stock Up 0.1%

Nordstrom stock opened at $24.68 on Tuesday. The firm has a 50 day moving average price of $24.36 and a 200 day moving average price of $24.17. The company has a market capitalization of $4.13 billion, a PE ratio of 15.72 and a beta of 2.36. The company has a debt-to-equity ratio of 2.65, a quick ratio of 0.35 and a current ratio of 1.14. Nordstrom, Inc. has a fifty-two week low of $19.45 and a fifty-two week high of $24.99.

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.