Xponance Inc. Buys 4,976 Shares of Nordstrom, Inc. (NYSE:JWN)

Xponance Inc. lifted its stake in shares of Nordstrom, Inc. (NYSE:JWN) by 47.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 15,574 shares of the specialty retailer’s stock after acquiring an additional 4,976 shares during the period. Xponance Inc.’s holdings in Nordstrom were worth $376,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Spire Wealth Management boosted its position in Nordstrom by 90.9% during the fourth quarter. Spire Wealth Management now owns 2,100 shares of the specialty retailer’s stock worth $51,000 after purchasing an additional 1,000 shares during the period. Wolverine Asset Management LLC acquired a new position in Nordstrom in the 4th quarter valued at $63,000. Vestcor Inc bought a new position in Nordstrom in the 4th quarter worth $63,000. KBC Group NV boosted its holdings in Nordstrom by 36.5% during the fourth quarter. KBC Group NV now owns 4,816 shares of the specialty retailer’s stock valued at $116,000 after acquiring an additional 1,287 shares during the period. Finally, Kentucky Retirement Systems Insurance Trust Fund bought a new stake in Nordstrom during the fourth quarter valued at about $122,000. Institutional investors and hedge funds own 88.73% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on JWN shares. Telsey Advisory Group reissued a “market perform” rating and set a $24.00 price objective on shares of Nordstrom in a research report on Wednesday, March 5th. Evercore ISI increased their price objective on Nordstrom from $22.00 to $24.00 and gave the company an “in-line” rating in a research report on Monday, January 13th. Barclays boosted their target price on shares of Nordstrom from $23.00 to $24.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 16th. Argus downgraded shares of Nordstrom from a “buy” rating to a “sell” rating in a report on Monday, December 30th. Finally, Bank of America boosted their price objective on shares of Nordstrom from $20.00 to $22.00 and gave the stock an “underperform” rating in a report on Wednesday, November 27th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $22.90.

Nordstrom Stock Up 0.3 %

NYSE JWN opened at $24.45 on Thursday. Nordstrom, Inc. has a 1-year low of $17.21 and a 1-year high of $24.99. The company has a market capitalization of $4.03 billion, a price-to-earnings ratio of 15.57 and a beta of 2.60. The stock’s 50 day moving average is $24.28 and its two-hundred day moving average is $23.53. The company has a current ratio of 1.14, a quick ratio of 0.35 and a debt-to-equity ratio of 2.65.

Nordstrom (NYSE:JWN) last announced its quarterly 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. The firm had revenue of $4.32 billion for the quarter, compared to analysts’ expectations of $4.32 billion. Nordstrom had a negative return on equity of 18.04% and a negative net margin of 1.57%. Equities analysts forecast 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.