Nordstrom, Inc. (NYSE:JWN) Shares Bought by Ameriprise Financial Inc.

Ameriprise Financial Inc. grew its stake in shares of Nordstrom, Inc. (NYSE:JWN) by 34.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 330,389 shares of the specialty retailer’s stock after acquiring an additional 84,585 shares during the quarter. Ameriprise Financial Inc.’s holdings in Nordstrom were worth $7,979,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of JWN. Crossmark Global Holdings Inc. grew its holdings in shares of Nordstrom by 171.3% during the 4th quarter. Crossmark Global Holdings Inc. now owns 100,733 shares of the specialty retailer’s stock worth $2,432,000 after purchasing an additional 63,600 shares during the period. Janney Montgomery Scott LLC grew its holdings in shares of Nordstrom by 1.2% during the 4th quarter. Janney Montgomery Scott LLC now owns 55,956 shares of the specialty retailer’s stock worth $1,351,000 after purchasing an additional 640 shares during the period. Avior Wealth Management LLC purchased a new stake in shares of Nordstrom during the 4th quarter worth about $415,000. Cyndeo Wealth Partners LLC grew its holdings in shares of Nordstrom by 4.7% during the 4th quarter. Cyndeo Wealth Partners LLC now owns 290,814 shares of the specialty retailer’s stock worth $7,023,000 after purchasing an additional 13,021 shares during the period. Finally, Blue Trust Inc. grew its holdings in shares of Nordstrom by 51.9% during the 4th quarter. Blue Trust Inc. now owns 5,832 shares of the specialty retailer’s stock worth $131,000 after purchasing an additional 1,993 shares during the period. Institutional investors and hedge funds own 88.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on JWN. Telsey Advisory Group reiterated a “market perform” rating and set a $24.00 target price on shares of Nordstrom in a report on Wednesday, March 5th. StockNews.com began coverage on Nordstrom in a report on Sunday. They set a “buy” rating for the company. Finally, Citigroup reiterated a “sell” rating and set a $22.00 target price (down previously from $25.00) on shares of Nordstrom in a report on Friday, April 4th. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $22.80.

Nordstrom Stock Up 0.1%

NYSE JWN opened at $24.68 on Thursday. The stock has a market cap of $4.13 billion, a PE ratio of 15.72 and a beta of 2.36. Nordstrom, Inc. has a fifty-two week low of $19.45 and a fifty-two week high of $24.99. The business has a 50 day moving average price of $24.16 and a two-hundred day moving average price of $23.93. 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 (NYSE:JWN) last released its quarterly 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 firm had revenue of $4.32 billion during 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%. As a group, sell-side analysts predict that Nordstrom, Inc. will post 1.97 EPS 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.