Financial Engines Advisors L.L.C. Buys 3,700 Shares of Nordstrom, Inc. (NYSE:JWN)

Financial Engines Advisors L.L.C. raised its stake in Nordstrom, Inc. (NYSE:JWN) by 11.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 37,081 shares of the specialty retailer’s stock after purchasing an additional 3,700 shares during the quarter. Financial Engines Advisors L.L.C.’s holdings in Nordstrom were worth $896,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of JWN. Charles Schwab Investment Management Inc. grew its stake in shares of Nordstrom by 17.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,422,856 shares of the specialty retailer’s stock valued at $32,000,000 after buying an additional 208,193 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Nordstrom by 2.4% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 310,578 shares of the specialty retailer’s stock valued at $6,985,000 after acquiring an additional 7,139 shares during the period. Verition Fund Management LLC increased its stake in shares of Nordstrom by 147.4% during the 3rd quarter. Verition Fund Management LLC now owns 1,218,365 shares of the specialty retailer’s stock worth $27,401,000 after purchasing an additional 725,803 shares during the last quarter. Maverick Capital Ltd. raised its holdings in shares of Nordstrom by 45.8% in the 3rd quarter. Maverick Capital Ltd. now owns 173,262 shares of the specialty retailer’s stock valued at $3,897,000 after purchasing an additional 54,428 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC acquired a new stake in Nordstrom in the 3rd quarter valued at about $6,171,000. 88.73% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

JWN has been the topic of several research analyst reports. Argus lowered Nordstrom from a “buy” rating to a “sell” rating in a research note on Monday, December 30th. UBS Group upgraded Nordstrom from a “sell” rating to a “neutral” rating and increased their price target for the company from $14.50 to $24.00 in a research note on Friday, January 10th. Evercore ISI lifted their price objective on shares of Nordstrom from $22.00 to $24.00 and gave the stock an “in-line” rating in a research report on Monday, January 13th. StockNews.com assumed coverage on shares of Nordstrom in a research report on Sunday, March 23rd. They issued a “buy” rating on the stock. Finally, Barclays lifted their target price on shares of Nordstrom from $23.00 to $24.00 and gave the stock an “equal weight” rating in a report on Thursday, January 16th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $22.90.

Nordstrom Stock Performance

NYSE JWN opened at $24.45 on Friday. Nordstrom, Inc. has a 12-month low of $17.21 and a 12-month high of $24.99. The firm has a 50-day moving average price of $24.29 and a two-hundred day moving average price of $23.54. The company has a market capitalization of $4.04 billion, a P/E ratio of 15.58 and a beta of 2.60. The company has a quick ratio of 0.35, a current ratio of 1.14 and a debt-to-equity ratio of 2.65.

Nordstrom (NYSE:JWN) last issued its quarterly earnings results on Tuesday, March 4th. The specialty retailer reported $1.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.20. The business had revenue of $4.32 billion for the quarter, compared to the consensus estimate of $4.32 billion. Nordstrom had a negative return on equity of 18.04% and a negative net margin of 1.57%. Analysts anticipate that Nordstrom, Inc. will post 1.97 earnings per share for the current year.

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.