Nordstrom, Inc. (JWN) Stake Lessened by Gamble Jones Investment Counsel

Gamble Jones Investment Counsel decreased its position in Nordstrom, Inc. (NYSE:JWN) by 23.8% in the 4th quarter, HoldingsChannel reports. The fund owned 10,956 shares of the specialty retailer’s stock after selling 3,425 shares during the quarter. Gamble Jones Investment Counsel’s holdings in Nordstrom were worth $519,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of JWN. Disciplined Growth Investors Inc. MN boosted its holdings in shares of Nordstrom by 1,155.2% in the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 893,200 shares of the specialty retailer’s stock worth $42,722,000 after buying an additional 822,038 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Nordstrom by 596.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 779,081 shares of the specialty retailer’s stock worth $36,734,000 after buying an additional 667,296 shares during the last quarter. USS Investment Management Ltd purchased a new position in shares of Nordstrom in the 4th quarter worth about $27,700,000. Amundi Pioneer Asset Management Inc. boosted its holdings in shares of Nordstrom by 196.0% in the 3rd quarter. Amundi Pioneer Asset Management Inc. now owns 694,237 shares of the specialty retailer’s stock worth $32,733,000 after buying an additional 459,719 shares during the last quarter. Finally, Symons Capital Management Inc. purchased a new position in shares of Nordstrom in the 3rd quarter worth about $12,932,000. Hedge funds and other institutional investors own 57.87% of the company’s stock.

A number of brokerages recently weighed in on JWN. UBS Group cut their price target on shares of Nordstrom from $46.00 to $43.00 and set a “neutral” rating on the stock in a report on Friday, November 10th. Robert W. Baird cut their price target on shares of Nordstrom from $50.00 to $43.00 and set a “neutral” rating on the stock in a report on Friday, November 10th. Cowen reissued a “buy” rating and issued a $50.00 price target on shares of Nordstrom in a report on Friday, November 10th. William Blair downgraded shares of Nordstrom from an “outperform” rating to a “market perform” rating in a report on Tuesday, January 23rd. Finally, BMO Capital Markets set a $44.00 price target on shares of Nordstrom and gave the stock a “hold” rating in a report on Monday, November 13th. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and seven have issued a buy rating to the company’s stock. Nordstrom has an average rating of “Hold” and a consensus price target of $48.03.

Shares of Nordstrom, Inc. (NYSE JWN) opened at $49.00 on Wednesday. Nordstrom, Inc. has a 52-week low of $37.79 and a 52-week high of $53.00. The firm has a market capitalization of $7,769.40, a PE ratio of 16.99, a PEG ratio of 2.48 and a beta of 0.90. The company has a current ratio of 1.00, a quick ratio of 0.30 and a debt-to-equity ratio of 3.14.

Nordstrom (NYSE:JWN) last announced its quarterly earnings results on Thursday, November 9th. The specialty retailer reported $0.67 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.04. Nordstrom had a return on equity of 67.44% and a net margin of 3.25%. The firm had revenue of $3.54 billion for the quarter, compared to analysts’ expectations of $3.50 billion. During the same period in the prior year, the business posted $0.84 earnings per share. The company’s revenue was up 2.0% on a year-over-year basis. sell-side analysts predict that Nordstrom, Inc. will post 2.99 EPS for the current year.

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Nordstrom Company Profile

Nordstrom, Inc is a fashion specialty retailer in the United States. The Company’s segments include Retail and Credit. As of March 20, 2017, the Company operated 344 the United States stores located in 40 states as well as an e-commerce business. The Company also offers its customers a variety of payment products and services, including credit and debit cards.

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Institutional Ownership by Quarter for Nordstrom (NYSE:JWN)

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