Nordstrom, Inc. (JWN) Holdings Reduced by Creative Planning

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Creative Planning lowered its position in Nordstrom, Inc. (NYSE:JWN) by 7.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 17,049 shares of the specialty retailer’s stock after selling 1,361 shares during the quarter. Creative Planning’s holdings in Nordstrom were worth $795,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of JWN. BlackRock Inc. lifted its holdings in Nordstrom by 10.5% in the 3rd quarter. BlackRock Inc. now owns 9,865,556 shares of the specialty retailer’s stock worth $590,062,000 after buying an additional 933,720 shares in the last quarter. TIAA CREF Investment Management LLC lifted its holdings in Nordstrom by 92.5% in the 3rd quarter. TIAA CREF Investment Management LLC now owns 1,358,979 shares of the specialty retailer’s stock worth $81,281,000 after buying an additional 653,173 shares in the last quarter. Smith Asset Management Group LP lifted its holdings in Nordstrom by 3,553.2% in the 3rd quarter. Smith Asset Management Group LP now owns 544,330 shares of the specialty retailer’s stock worth $32,588,000 after buying an additional 529,430 shares in the last quarter. Mckinley Capital Management LLC Delaware acquired a new position in Nordstrom in the 3rd quarter worth $17,190,000. Finally, Robeco Institutional Asset Management B.V. lifted its holdings in Nordstrom by 41.7% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 857,774 shares of the specialty retailer’s stock worth $51,306,000 after buying an additional 252,605 shares in the last quarter. Hedge funds and other institutional investors own 61.41% of the company’s stock.

A number of equities analysts have commented on the stock. Gordon Haskett lowered shares of Nordstrom from a “hold” rating to a “reduce” rating in a report on Thursday, November 8th. Credit Suisse Group cut their target price on shares of Nordstrom from $55.00 to $50.00 and set a “positive” rating on the stock in a research note on Wednesday, January 16th. Zacks Investment Research upgraded shares of Nordstrom from a “hold” rating to a “buy” rating and set a $57.00 target price on the stock in a research note on Friday, December 7th. Goldman Sachs Group set a $73.00 target price on shares of Nordstrom and gave the company a “buy” rating in a research note on Friday, November 16th. Finally, Citigroup cut their target price on shares of Nordstrom from $62.00 to $56.00 and set a “neutral” rating on the stock in a research note on Friday, November 16th. Three investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have given a buy rating to the company’s stock. Nordstrom currently has a consensus rating of “Hold” and an average target price of $53.81.

JWN opened at $44.61 on Thursday. The stock has a market cap of $7.66 billion, a P/E ratio of 15.07, a price-to-earnings-growth ratio of 2.07 and a beta of 0.57. Nordstrom, Inc. has a fifty-two week low of $43.04 and a fifty-two week high of $67.75. The company has a current ratio of 1.12, a quick ratio of 0.44 and a debt-to-equity ratio of 2.23.

Nordstrom (NYSE:JWN) last released its quarterly earnings data on Thursday, November 15th. The specialty retailer reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.03. The firm had revenue of $3.75 billion for the quarter, compared to analyst estimates of $3.68 billion. Nordstrom had a net margin of 2.92% and a return on equity of 51.66%. Sell-side analysts predict that Nordstrom, Inc. will post 3.56 earnings per share for the current fiscal year.

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Nordstrom Profile

Nordstrom, Inc, a fashion retailer, provides apparel, shoes, cosmetics, and accessories for women, men, young adults, and children in the United States and Canada. The company operates in two segments, Retail and Credit. The Retail segment offers a range of brand name and private label merchandise through various channels, including Nordstrom branded full-line stores and online store at Nordstrom.com; Nordstrom Rack stores; Nordstromrack.com and HauteLook; Trunk Club clubhouses and TrunkClub.com; Jeffrey boutiques; and clearance stores that operate under the Last Chance name.

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Institutional Ownership by Quarter for Nordstrom (NYSE:JWN)

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