Nordstrom, Inc. (JWN) Holdings Boosted by Schwab Charles Investment Management Inc.

Schwab Charles Investment Management Inc. boosted its position in Nordstrom, Inc. (NYSE:JWN) by 10.0% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 877,639 shares of the specialty retailer’s stock after acquiring an additional 79,876 shares during the quarter. Schwab Charles Investment Management Inc.’s holdings in Nordstrom were worth $41,583,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Gateway Investment Advisers LLC lifted its holdings in Nordstrom by 2.5% in the 4th quarter. Gateway Investment Advisers LLC now owns 166,132 shares of the specialty retailer’s stock worth $7,871,000 after buying an additional 4,040 shares in the last quarter. USS Investment Management Ltd acquired a new position in Nordstrom in the 4th quarter worth $27,700,000. Atria Investments LLC acquired a new position in Nordstrom in the 4th quarter worth $361,000. Winslow Asset Management Inc. lifted its holdings in Nordstrom by 2.8% in the 4th quarter. Winslow Asset Management Inc. now owns 119,079 shares of the specialty retailer’s stock worth $5,642,000 after buying an additional 3,255 shares in the last quarter. Finally, Windward Capital Management Co. CA lifted its holdings in Nordstrom by 91.8% in the 4th quarter. Windward Capital Management Co. CA now owns 37,299 shares of the specialty retailer’s stock worth $1,767,000 after buying an additional 17,857 shares in the last quarter. Hedge funds and other institutional investors own 57.87% of the company’s stock.

Shares of Nordstrom, Inc. (NYSE JWN) opened at $47.23 on Friday. The stock has a market cap of $8,212.51, a PE ratio of 16.63, a PEG ratio of 2.62 and a beta of 0.90. The company has a debt-to-equity ratio of 3.14, a current ratio of 1.00 and a quick ratio of 0.30. Nordstrom, Inc. has a 12 month low of $37.79 and a 12 month high of $53.00.

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

JWN has been the topic of a number of recent analyst reports. Cowen reiterated a “buy” rating and issued a $50.00 price objective on shares of Nordstrom in a report on Friday, November 10th. Zacks Investment Research upgraded shares of Nordstrom from a “hold” rating to a “buy” rating and set a $56.00 price objective on the stock in a report on Monday, January 15th. BMO Capital Markets set a $44.00 price objective on shares of Nordstrom and gave the stock a “hold” rating in a report on Monday, November 13th. Robert W. Baird reiterated a “hold” rating and issued a $50.00 price objective on shares of Nordstrom in a report on Wednesday, November 1st. Finally, Piper Jaffray Companies restated a “hold” rating on shares of Nordstrom in a research note on Thursday, October 19th. Two research analysts have rated the stock with a sell rating, seventeen have given a hold rating and seven have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $48.03.

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About Nordstrom

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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