WINTON GROUP Ltd Has $854,000 Holdings in Nordstrom, Inc. (NYSE:JWN)

WINTON GROUP Ltd decreased its holdings in Nordstrom, Inc. (NYSE:JWN) by 32.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 35,380 shares of the specialty retailer’s stock after selling 16,688 shares during the quarter. WINTON GROUP Ltd’s holdings in Nordstrom were worth $854,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. grew its stake in shares of Nordstrom by 17.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,422,856 shares of the specialty retailer’s stock worth $32,000,000 after acquiring 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 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 worth $6,985,000 after purchasing an additional 7,139 shares in the last quarter. Maverick Capital Ltd. increased its stake in 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 buying an additional 54,428 shares during the last quarter. Hotchkis & Wiley Capital Management LLC bought a new position in shares of Nordstrom during the 3rd quarter worth approximately $6,171,000. Finally, Point72 Asset Management L.P. boosted its stake in shares of Nordstrom by 190.1% in the 3rd quarter. Point72 Asset Management L.P. now owns 59,678 shares of the specialty retailer’s stock worth $1,342,000 after buying an additional 39,104 shares during the last quarter. Institutional investors and hedge funds own 88.73% of the company’s stock.

Nordstrom Price Performance

Nordstrom stock opened at $24.48 on Friday. The company has a debt-to-equity ratio of 2.65, a current ratio of 1.14 and a quick ratio of 0.35. Nordstrom, Inc. has a one year low of $17.21 and a one year high of $24.99. The firm has a market capitalization of $4.04 billion, a P/E ratio of 15.59 and a beta of 2.60. The business has a fifty day moving average price of $24.29 and a 200-day moving average price of $23.57.

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

Wall Street Analyst Weigh In

JWN has been the topic of a number of recent analyst reports. Barclays lifted their price target on Nordstrom from $23.00 to $24.00 and gave the stock an “equal weight” rating in a report on Thursday, January 16th. Telsey Advisory Group reissued a “market perform” rating and issued a $24.00 price target on shares of Nordstrom in a report on Wednesday, March 5th. Argus lowered shares of Nordstrom from a “buy” rating to a “sell” rating in a research report on Monday, December 30th. 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, Evercore ISI increased their target price on shares of Nordstrom from $22.00 to $24.00 and gave the company an “in-line” rating in a research report on Monday, January 13th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $22.90.

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.