DRW Securities LLC Takes $404,000 Position in Nordstrom, Inc. (NYSE:JWN)

DRW Securities LLC bought a new position in shares of Nordstrom, Inc. (NYSE:JWN) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 16,746 shares of the specialty retailer’s stock, valued at approximately $404,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Orion Portfolio Solutions LLC bought a new stake in shares of Nordstrom in the third quarter worth $215,000. MML Investors Services LLC lifted its holdings in Nordstrom by 24.7% during the 3rd quarter. MML Investors Services LLC now owns 20,097 shares of the specialty retailer’s stock worth $452,000 after buying an additional 3,981 shares during the period. Geode Capital Management LLC grew its position in shares of Nordstrom by 0.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,625,616 shares of the specialty retailer’s stock valued at $36,570,000 after buying an additional 5,407 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of Nordstrom in the third quarter valued at about $451,000. Finally, Sanctuary Advisors LLC raised its position in shares of Nordstrom by 160.9% during the third quarter. Sanctuary Advisors LLC now owns 51,071 shares of the specialty retailer’s stock worth $1,187,000 after acquiring an additional 31,498 shares during the last quarter. 88.73% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Telsey Advisory Group reiterated a “market perform” rating and issued a $24.00 target price on shares of Nordstrom in a report on Wednesday, March 5th. Citigroup reiterated a “sell” rating and set a $22.00 price objective (down from $25.00) on shares of Nordstrom in a research report on Friday, April 4th. Argus lowered shares of Nordstrom from a “buy” rating to a “sell” rating in a report on Monday, December 30th. Barclays upped their price target on shares of Nordstrom from $23.00 to $24.00 and gave the company an “equal weight” rating in a research report on Thursday, January 16th. Finally, UBS Group raised Nordstrom from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $14.50 to $24.00 in a research report on Friday, January 10th. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $22.80.

Nordstrom Trading Up 0.1 %

Shares of Nordstrom stock opened at $23.84 on Friday. The stock has a market capitalization of $3.93 billion, a PE ratio of 15.18 and a beta of 2.31. Nordstrom, Inc. has a 52 week low of $17.21 and a 52 week high of $24.99. The stock has a 50 day moving average price of $24.21 and a two-hundred day moving average price of $23.65. The company has a debt-to-equity ratio of 2.65, a quick ratio of 0.35 and a current ratio of 1.14.

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

Nordstrom Company 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.