Quinn Opportunity Partners LLC Grows Stock Holdings in Nordstrom, Inc. (NYSE:JWN)

Quinn Opportunity Partners LLC grew its holdings in Nordstrom, Inc. (NYSE:JWN) by 302.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 189,185 shares of the specialty retailer’s stock after buying an additional 142,185 shares during the period. Quinn Opportunity Partners LLC’s holdings in Nordstrom were worth $4,569,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Spire Wealth Management lifted its holdings in shares of Nordstrom by 90.9% in the 4th quarter. Spire Wealth Management now owns 2,100 shares of the specialty retailer’s stock valued at $51,000 after acquiring an additional 1,000 shares during the last quarter. Wolverine Asset Management LLC purchased a new stake in Nordstrom during the fourth quarter valued at approximately $63,000. Vestcor Inc bought a new stake in shares of Nordstrom in the 4th quarter valued at approximately $63,000. Atlas Capital Advisors Inc. boosted its holdings in shares of Nordstrom by 45.5% in the 4th quarter. Atlas Capital Advisors Inc. now owns 4,446 shares of the specialty retailer’s stock worth $107,000 after purchasing an additional 1,391 shares during the period. Finally, KBC Group NV increased its position in shares of Nordstrom by 36.5% during the 4th quarter. KBC Group NV now owns 4,816 shares of the specialty retailer’s stock valued at $116,000 after purchasing an additional 1,287 shares during the last quarter. 88.73% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Evercore ISI raised their price target on Nordstrom from $22.00 to $24.00 and gave the stock an “in-line” rating in a research report on Monday, January 13th. UBS Group upgraded shares of Nordstrom from a “sell” rating to a “neutral” rating and raised their target price for the stock from $14.50 to $24.00 in a report on Friday, January 10th. 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 report on Thursday, January 16th. Argus downgraded shares of Nordstrom from a “buy” rating to a “sell” rating in a research note on Monday, December 30th. Finally, StockNews.com assumed coverage on Nordstrom in a research report on Tuesday. They set a “buy” rating for the company. Four 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’s stock. Based on data from MarketBeat, Nordstrom has an average rating of “Hold” and an average price target of $22.80.

Nordstrom Price Performance

JWN opened at $23.84 on Friday. The company has a market capitalization of $3.93 billion, a price-to-earnings ratio of 15.18 and a beta of 2.31. 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, Inc. has a 12-month low of $17.21 and a 12-month high of $24.99. The business’s fifty day simple moving average is $24.21 and its 200-day simple moving average is $23.65.

Nordstrom (NYSE:JWN) last issued its earnings results on Tuesday, March 4th. The specialty retailer reported $1.10 earnings per share (EPS) for the quarter, topping 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 company had revenue of $4.32 billion for the quarter, compared to analysts’ expectations of $4.32 billion. On average, equities research analysts anticipate that Nordstrom, Inc. will post 1.97 earnings per share for the current fiscal year.

About Nordstrom

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.