Marshall Wace LLP Acquires 16,003 Shares of Nordstrom, Inc. (NYSE:JWN)

Marshall Wace LLP raised its holdings in Nordstrom, Inc. (NYSE:JWN) by 1.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,682,882 shares of the specialty retailer’s stock after acquiring an additional 16,003 shares during the period. Marshall Wace LLP owned about 1.02% of Nordstrom worth $40,642,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Orion Portfolio Solutions LLC bought a new stake in shares of Nordstrom during the 3rd quarter valued at approximately $215,000. MML Investors Services LLC boosted its position in Nordstrom by 24.7% in the third quarter. MML Investors Services LLC now owns 20,097 shares of the specialty retailer’s stock valued at $452,000 after buying an additional 3,981 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Nordstrom by 0.3% during the third quarter. Geode Capital Management LLC now owns 1,625,616 shares of the specialty retailer’s stock worth $36,570,000 after buying an additional 5,407 shares during the last quarter. Virtu Financial LLC acquired a new position in shares of Nordstrom during the third quarter worth $451,000. Finally, Sanctuary Advisors LLC lifted its stake in shares of Nordstrom by 160.9% in the 3rd quarter. Sanctuary Advisors LLC now owns 51,071 shares of the specialty retailer’s stock valued at $1,187,000 after acquiring an additional 31,498 shares during the last quarter. Institutional investors own 88.73% of the company’s stock.

Nordstrom Stock Down 0.0 %

Shares of NYSE:JWN opened at $23.86 on Friday. Nordstrom, Inc. has a 1 year low of $17.91 and a 1 year high of $24.99. The company has a debt-to-equity ratio of 2.65, a current ratio of 1.14 and a quick ratio of 0.35. The business’s 50-day moving average is $24.17 and its 200-day moving average is $23.69. The company has a market capitalization of $3.99 billion, a price-to-earnings ratio of 15.20 and a beta of 2.31.

Nordstrom (NYSE:JWN) last issued its earnings results on Tuesday, March 4th. The specialty retailer reported $1.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.20. The business had revenue of $4.32 billion during 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%. Equities research analysts predict that Nordstrom, Inc. will post 1.97 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. UBS Group raised Nordstrom from a “sell” rating to a “neutral” rating and upped their target price for the stock from $14.50 to $24.00 in a report on Friday, January 10th. Argus lowered shares of Nordstrom from a “buy” rating to a “sell” rating in a report on Monday, December 30th. Telsey Advisory Group reissued a “market perform” rating and set a $24.00 target price on shares of Nordstrom in a report on Wednesday, March 5th. Barclays raised their price target on shares of Nordstrom from $23.00 to $24.00 and gave the company an “equal weight” rating in a research note on Thursday, January 16th. Finally, Evercore ISI boosted their price objective on shares of Nordstrom from $22.00 to $24.00 and gave the stock an “in-line” rating in a research note on Monday, January 13th. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Nordstrom currently has an average rating of “Hold” and an average target price of $22.80.

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.