Unigestion Holding SA Has $1.41 Million Holdings in Nordstrom, Inc. (NYSE:JWN)

Unigestion Holding SA cut its holdings in Nordstrom, Inc. (NYSE:JWN) by 96.1% during the 3rd quarter, HoldingsChannel reports. The fund owned 41,997 shares of the specialty retailer’s stock after selling 1,027,205 shares during the quarter. Unigestion Holding SA’s holdings in Nordstrom were worth $1,414,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in JWN. Meeder Asset Management Inc. grew its stake in Nordstrom by 6.3% during the second quarter. Meeder Asset Management Inc. now owns 15,207 shares of the specialty retailer’s stock worth $486,000 after buying an additional 899 shares in the last quarter. Grimes & Company Inc. grew its stake in Nordstrom by 5.9% during the second quarter. Grimes & Company Inc. now owns 109,172 shares of the specialty retailer’s stock worth $3,478,000 after buying an additional 6,111 shares in the last quarter. CQS Cayman LP acquired a new stake in Nordstrom during the second quarter worth about $1,976,000. Charles Schwab Investment Management Inc. grew its stake in Nordstrom by 0.9% during the second quarter. Charles Schwab Investment Management Inc. now owns 1,118,490 shares of the specialty retailer’s stock worth $35,636,000 after buying an additional 10,161 shares in the last quarter. Finally, A.R.T. Advisors LLC grew its stake in Nordstrom by 146.6% during the second quarter. A.R.T. Advisors LLC now owns 108,503 shares of the specialty retailer’s stock worth $3,457,000 after buying an additional 64,500 shares in the last quarter. Institutional investors and hedge funds own 65.19% of the company’s stock.

A number of equities research analysts have issued reports on JWN shares. KeyCorp reduced their price objective on shares of Nordstrom from $52.00 to $48.00 and set an “overweight” rating on the stock in a research note on Thursday, August 22nd. Bank of America reiterated an “underperform” rating and set a $29.00 price objective (down from $32.00) on shares of Nordstrom in a research note on Thursday, August 22nd. Morgan Stanley reduced their price objective on shares of Nordstrom from $40.00 to $33.00 and set an “equal weight” rating on the stock in a research note on Friday, August 23rd. ValuEngine upgraded shares of Nordstrom from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Telsey Advisory Group reduced their price objective on shares of Nordstrom from $35.00 to $32.00 and set a “market perform” rating on the stock in a research note on Thursday, August 22nd. Five research analysts have rated the stock with a sell rating, fifteen have given a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $38.64.

In related news, insider Christine Deputy sold 1,906 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $28.53, for a total value of $54,378.18. Following the completion of the transaction, the insider now owns 56,913 shares in the company, valued at approximately $1,623,727.89. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 5.21% of the stock is owned by company insiders.

Shares of JWN stock traded down $0.48 on Friday, reaching $36.65. The company had a trading volume of 2,380,871 shares, compared to its average volume of 3,844,259. The stock has a market capitalization of $5.65 billion, a PE ratio of 10.32, a price-to-earnings-growth ratio of 1.82 and a beta of 0.73. The company has a quick ratio of 0.35, a current ratio of 0.79 and a debt-to-equity ratio of 5.39. Nordstrom, Inc. has a one year low of $25.01 and a one year high of $66.60. The business’s 50-day moving average is $34.64 and its 200 day moving average is $33.20.

Nordstrom (NYSE:JWN) last posted its earnings results on Wednesday, August 21st. The specialty retailer reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.14. The firm had revenue of $3.87 billion during the quarter, compared to analysts’ expectations of $3.92 billion. Nordstrom had a net margin of 3.17% and a return on equity of 62.11%. The business’s revenue for the quarter was down 4.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.95 earnings per share. On average, sell-side analysts forecast that Nordstrom, Inc. will post 3.34 earnings per share for the current fiscal year.

About Nordstrom

Nordstrom, Inc, a fashion retailer, provides apparel, shoes, cosmetics, and accessories 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 full-line stores and online store at Nordstrom.com; Nordstrom Rack stores; Nordstromrack.com and HauteLook; Jeffrey boutiques; clearance stores that operate under the Last Chance name; Trunk Club clubhouses and TrunkClub.com; and Nordstrom Locals.

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Institutional Ownership by Quarter for Nordstrom (NYSE:JWN)

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