KLP Kapitalforvaltning AS Takes $514,000 Position in Nordstrom, Inc. (NYSE:JWN)

KLP Kapitalforvaltning AS purchased a new stake in Nordstrom, Inc. ( NYSE:JWN – Free Report ) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 21,300 shares of the specialty retailer’s stock, valued at approximately $514,000.

A number of other institutional investors also recently bought and sold shares of JWN. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Nordstrom by 2.4% in the 3rd quarter.



UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 310,578 shares of the specialty retailer’s stock valued at $6,985,000 after acquiring an additional 7,139 shares during the period. Hotchkis & Wiley Capital Management LLC acquired a new stake in shares of Nordstrom during the third quarter worth $6,171,000. Point72 Asset Management L.

P. increased its stake in Nordstrom by 190.1% in the 3rd quarter.

Point72 Asset Management L.P. now owns 59,678 shares of the specialty retailer’s stock valued at $1,342,000 after buying an additional 39,104 shares during the period.

Point72 DIFC Ltd raised its holdings in Nordstrom by 17.4% during the third quarter. Point72 DIFC Ltd now owns 64,960 shares of the specialty retailer’s stock worth $1,461,000 after purchasing an additional 9,613 shares in the last quarter.

Finally, Quantinno Capital Management LP boosted its holdings in Nordstrom by 49.3% in the 3rd quarter. Quantinno Capital Management LP now owns 145,146 shares of the specialty retailer’s stock valued at $3,264,000 after purchasing an additional 47,923 shares in the last quarter.

88.73% of the stock is currently owned by institutional investors and hedge funds. Analyst Ratings Changes A number of analysts recently weighed in on JWN shares.

StockNews.com began coverage on Nordstrom in a research note on Monday. They issued a “buy” rating on the stock.

Telsey Advisory Group restated a “market perform” rating and issued a $24.00 price target on shares of Nordstrom in a research report on Wednesday, March 5th. UBS Group upgraded shares of Nordstrom from a “sell” rating to a “neutral” rating and raised their target price for the company from $14.

50 to $24.00 in a report on Friday, January 10th. Barclays lifted their price objective on Nordstrom from $23.

00 to $24.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 16th. Finally, Argus cut Nordstrom from a “buy” rating to a “sell” rating in a report on Monday, December 30th.

Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $22.90.

Nordstrom Stock Down 1.9 % Shares of JWN opened at $24.00 on Friday.

The firm has a market cap of $3.96 billion, a PE ratio of 15.28 and a beta of 2.

60. 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 company’s fifty day moving average is $24.

31 and its two-hundred day moving average is $23.61. Nordstrom, Inc.

has a fifty-two week low of $17.21 and a fifty-two week high of $24.99.

Nordstrom ( NYSE:JWN – Get Free Report ) last posted its earnings results on Tuesday, March 4th. The specialty retailer reported $1.10 earnings per share for the quarter, beating 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 business had revenue of $4.

32 billion for the quarter, compared to analyst estimates of $4.32 billion. Analysts forecast that Nordstrom, Inc.

will post 1.97 earnings per share for the current year. Nordstrom Profile ( Free Report ) 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. Read More Five stocks we like better than Nordstrom What Are Dividend Contenders? Investing in Dividend Contenders Shares of RH Down Nearly 40%: Where Investors Can Turn To Now Special Purpose Acquisition Company (SPAC) What You Need to Know Tariffs, Spin-Out, and R2 Updates Are Positive Signs for Rivian How to Use the MarketBeat Excel Dividend Calculator Cathie Wood Loads Up on Baidu—Is It the Right Time to Buy? Want to see what other hedge funds are holding JWN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nordstrom, Inc.

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