Cambridge Investment Research Advisors Inc. Purchases Shares of 13,593 Nordstrom, Inc. (NYSE:JWN)

Cambridge Investment Research Advisors Inc. purchased a new stake in Nordstrom, Inc. (NYSE:JWN) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 13,593 shares of the specialty retailer’s stock, valued at approximately $332,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Versant Capital Management Inc lifted its stake in shares of Nordstrom by 40.9% in the 1st quarter. Versant Capital Management Inc now owns 1,618 shares of the specialty retailer’s stock valued at $40,000 after purchasing an additional 470 shares during the period. Parallel Advisors LLC lifted its stake 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 purchasing an additional 553 shares during the period. Vestcor Inc acquired a new position in shares of Nordstrom in the 4th quarter valued at about $63,000. Atlas Capital Advisors Inc. lifted its stake in shares of Nordstrom by 45.5% in the 4th quarter. Atlas Capital Advisors Inc. now owns 4,446 shares of the specialty retailer’s stock valued at $107,000 after purchasing an additional 1,391 shares during the period. Finally, Sterling Capital Management LLC raised its stake in Nordstrom by 57.2% during the 4th quarter. Sterling Capital Management LLC now owns 5,996 shares of the specialty retailer’s stock worth $145,000 after buying an additional 2,181 shares during the period. Institutional investors own 88.73% of the company’s stock.

Nordstrom Price Performance

Shares of NYSE JWN opened at $24.68 on Friday. The stock has a market cap of $4.13 billion, a PE ratio of 15.72 and a beta of 2.36. Nordstrom, Inc. has a fifty-two week low of $19.45 and a fifty-two week 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 stock has a fifty day moving average of $24.62 and a 200-day moving average of $24.32.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Citigroup reaffirmed a “sell” rating and set a $22.00 price target (down from $25.00) on shares of Nordstrom in a research note on Friday, April 4th. Wall Street Zen assumed coverage on Nordstrom in a research note on Sunday, May 18th. They set a “buy” rating on the stock. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $22.80.

Nordstrom Profile

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.