97,771 Shares in Nordstrom, Inc. (NYSE:JWN) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new stake in Nordstrom, Inc. (NYSE:JWN) in the fourth quarter, Holdings Channel.com reports. The institutional investor bought 97,771 shares of the specialty retailer’s stock, valued at approximately $2,361,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC acquired a new stake in shares of Nordstrom in the fourth quarter worth about $365,000. Atria Investments Inc raised its stake in shares of Nordstrom by 25.1% in the 4th quarter. Atria Investments Inc now owns 15,236 shares of the specialty retailer’s stock valued at $368,000 after acquiring an additional 3,054 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Nordstrom by 20.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,712,452 shares of the specialty retailer’s stock worth $41,356,000 after purchasing an additional 289,596 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in Nordstrom by 13.8% in the 4th quarter. Jones Financial Companies Lllp now owns 19,887 shares of the specialty retailer’s stock worth $480,000 after purchasing an additional 2,416 shares during the last quarter. Finally, US Bancorp DE boosted its position in Nordstrom by 1.4% during the fourth quarter. US Bancorp DE now owns 59,253 shares of the specialty retailer’s stock worth $1,431,000 after purchasing an additional 792 shares during the period. 88.73% of the stock is currently owned by institutional investors and hedge funds.

Nordstrom Stock Up 0.1 %

NYSE JWN opened at $24.48 on Friday. Nordstrom, Inc. has a twelve month low of $17.21 and a twelve month high of $24.99. The stock has a market cap of $4.04 billion, a PE ratio of 15.59 and a beta of 2.60. The firm has a 50-day simple moving average of $24.29 and a 200 day simple moving average of $23.57. The company has a debt-to-equity ratio of 2.65, a quick ratio of 0.35 and a current ratio of 1.14.

Nordstrom (NYSE:JWN) last announced its quarterly earnings data on Tuesday, March 4th. The specialty retailer reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.20. Nordstrom had a negative return on equity of 18.04% and a negative net margin of 1.57%. The company had revenue of $4.32 billion during the quarter, compared to the consensus estimate of $4.32 billion. On average, research analysts forecast that Nordstrom, Inc. will post 1.97 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Evercore ISI lifted their price target on shares of Nordstrom from $22.00 to $24.00 and gave the company an “in-line” rating in a research report on Monday, January 13th. Telsey Advisory Group reissued a “market perform” rating and set a $24.00 target price on shares of Nordstrom in a research report on Wednesday, March 5th. Barclays upped their price target on shares of Nordstrom from $23.00 to $24.00 and gave the company an “equal weight” rating in a report on Thursday, January 16th. UBS Group upgraded Nordstrom from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $14.50 to $24.00 in a research note on Friday, January 10th. Finally, Argus cut Nordstrom from a “buy” rating to a “sell” rating in a research report on Monday, December 30th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $22.90.

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.