Yousif Capital Management LLC Cuts Holdings in Nordstrom, Inc. (NYSE:JWN)

Yousif Capital Management LLC lowered its position in Nordstrom, Inc. (NYSE:JWN) by 12.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 33,521 shares of the specialty retailer’s stock after selling 4,696 shares during the quarter. Yousif Capital Management LLC’s holdings in Nordstrom were worth $820,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in JWN. Cooper Creek Partners Management LLC raised its holdings in shares of Nordstrom by 11.0% in the 4th quarter. Cooper Creek Partners Management LLC now owns 3,757,847 shares of the specialty retailer’s stock worth $90,752,000 after purchasing an additional 372,024 shares during the period. Dimensional Fund Advisors LP increased its position in Nordstrom by 4.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,265,322 shares of the specialty retailer’s stock worth $78,858,000 after purchasing an additional 138,900 shares in the last quarter. American Century Companies Inc. increased its position in Nordstrom by 18.3% during the 4th 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 in the last quarter. Pentwater Capital Management LP purchased a new position in Nordstrom in the fourth quarter valued at approximately $61,582,000. Finally, Charles Schwab Investment Management Inc. lifted its position in Nordstrom by 20.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,712,452 shares of the specialty retailer’s stock valued at $41,356,000 after buying an additional 289,596 shares in the last quarter. Hedge funds and other institutional investors own 88.73% of the company’s stock.

Analyst Ratings Changes

JWN has been the subject of several recent research reports. Citigroup reissued a “sell” rating and issued a $22.00 price objective (down previously from $25.00) on shares of Nordstrom in a research report on Friday, April 4th. Wall Street Zen began coverage on Nordstrom in a research note on Sunday, May 18th. They set a “buy” rating on the stock. Finally, Telsey Advisory Group reiterated a “market perform” rating and issued a $24.00 target price on shares of Nordstrom in a research note on Wednesday, March 5th. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Nordstrom has an average rating of “Hold” and a consensus price target of $22.80.

Nordstrom Stock Up 0.1%

Shares of NYSE JWN opened at $24.68 on Friday. Nordstrom, Inc. has a 1 year low of $19.45 and a 1 year high of $24.99. The company has a debt-to-equity ratio of 2.65, a quick ratio of 0.35 and a current ratio of 1.14. The firm has a market cap of $4.13 billion, a price-to-earnings ratio of 15.72 and a beta of 2.36. The stock’s 50-day simple moving average is $24.42 and its 200-day simple moving average is $24.18.

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.