Nordstrom, Inc. (NYSE:JWN) Shares Acquired by Hussman Strategic Advisors Inc.

Hussman Strategic Advisors Inc. increased its stake in Nordstrom, Inc. (NYSE:JWN) by 33.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 84,000 shares of the specialty retailer’s stock after acquiring an additional 21,000 shares during the period. Hussman Strategic Advisors Inc.’s holdings in Nordstrom were worth $2,029,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Hennessy Advisors Inc. acquired a new stake in Nordstrom in the fourth quarter valued at $56,026,000. Geode Capital Management LLC raised its stake in Nordstrom by 0.3% in the third 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 in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Nordstrom by 17.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,422,856 shares of the specialty retailer’s stock valued at $32,000,000 after buying an additional 208,193 shares in the last quarter. Verition Fund Management LLC raised its stake in Nordstrom by 147.4% in the third quarter. Verition Fund Management LLC now owns 1,218,365 shares of the specialty retailer’s stock valued at $27,401,000 after buying an additional 725,803 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in Nordstrom by 29.7% in the third quarter. JPMorgan Chase & Co. now owns 388,796 shares of the specialty retailer’s stock valued at $8,744,000 after buying an additional 89,114 shares in the last quarter. 88.73% of the stock is currently owned by institutional investors and hedge funds.

Nordstrom Stock Performance

NYSE JWN opened at $24.33 on Thursday. The company has a quick ratio of 0.35, a current ratio of 1.14 and a debt-to-equity ratio of 2.65. Nordstrom, Inc. has a 52-week low of $16.78 and a 52-week high of $24.99. The business’s 50-day moving average price is $24.09 and its 200 day moving average price is $23.13. The firm has a market cap of $4.01 billion, a P/E ratio of 15.49 and a beta of 2.51.

Nordstrom (NYSE:JWN) last released its quarterly earnings results on Tuesday, November 26th. The specialty retailer reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.11. Nordstrom had a negative return on equity of 18.04% and a negative net margin of 1.57%. The firm had revenue of $3.35 billion for the quarter, compared to analyst estimates of $3.34 billion. During the same quarter last year, the company posted $0.25 earnings per share. The business’s revenue was up 4.6% on a year-over-year basis. On average, equities research analysts expect that Nordstrom, Inc. will post 1.97 earnings per share for the current year.

Analyst Ratings Changes

JWN has been the topic of a number of analyst reports. StockNews.com initiated coverage on Nordstrom in a research note on Wednesday. They issued a “buy” rating on the stock. UBS Group raised Nordstrom from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $14.50 to $24.00 in a report on Friday, January 10th. Barclays raised their price objective on Nordstrom from $23.00 to $24.00 and gave the stock an “equal weight” rating in a report on Thursday, January 16th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $24.00 price objective on shares of Nordstrom in a report on Monday, January 13th. Finally, Citigroup raised their price objective on Nordstrom from $22.00 to $23.00 and gave the stock a “neutral” rating in a report on Tuesday, November 19th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, Nordstrom has an average rating of “Hold” and a consensus target price of $22.17.

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.