New Age Alpha Advisors LLC Buys Shares of 74,261 Nordstrom, Inc. (NYSE:JWN)

New Age Alpha Advisors LLC purchased a new position in shares of Nordstrom, Inc. (NYSE:JWN) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 74,261 shares of the specialty retailer’s stock, valued at approximately $1,793,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Spire Wealth Management grew its position in Nordstrom by 90.9% during the 4th 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 last quarter. Wolverine Asset Management LLC purchased a new stake in shares of Nordstrom during the fourth quarter valued at $63,000. Vestcor Inc purchased a new stake in shares of Nordstrom during the fourth quarter valued at $63,000. KBC Group NV increased its position in shares of Nordstrom by 36.5% in the 4th 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 purchased a new position in Nordstrom in the 4th quarter worth $122,000. Hedge funds and other institutional investors own 88.73% of the company’s stock.

Nordstrom Price Performance

NYSE:JWN opened at $24.48 on Monday. The stock has a market capitalization of $4.04 billion, a PE ratio of 15.59 and a beta of 2.60. Nordstrom, Inc. has a 52 week low of $17.21 and a 52 week high of $24.99. The company has a quick ratio of 0.35, a current ratio of 1.14 and a debt-to-equity ratio of 2.65. The stock’s 50-day moving average price is $24.29 and its 200-day moving average price is $23.58.

Nordstrom (NYSE:JWN) last released its quarterly earnings results on Tuesday, March 4th. The specialty retailer reported $1.10 earnings per share (EPS) 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 net margin of 1.57% and a negative return on equity of 18.04%. As a group, equities analysts expect that Nordstrom, Inc. will post 1.97 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

JWN has been the topic of a number of research reports. Barclays increased their price objective on Nordstrom from $23.00 to $24.00 and gave the company an “equal weight” rating in a report on Thursday, January 16th. Evercore ISI raised their price target on shares of Nordstrom from $22.00 to $24.00 and gave the stock an “in-line” rating in a research report on Monday, January 13th. Argus downgraded shares of Nordstrom from a “buy” rating to a “sell” rating in a report on Monday, December 30th. StockNews.com assumed coverage on shares of Nordstrom in a report on Monday. They set a “buy” rating for the company. Finally, UBS Group upgraded shares of Nordstrom from a “sell” rating to a “neutral” rating and boosted their target price for the company from $14.50 to $24.00 in a research report on Friday, January 10th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $22.90.

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.