Financial Engines Advisors L.L.C. Has $896,000 Stock Holdings in Nordstrom, Inc. (NYSE:JWN)

Financial Engines Advisors L.L.C. lifted its holdings in shares of Nordstrom, Inc. (NYSE:JWN) by 11.1% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 37,081 shares of the specialty retailer’s stock after acquiring an additional 3,700 shares during the period. Financial Engines Advisors L.L.C.’s holdings in Nordstrom were worth $896,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Mitsubishi UFJ Trust & Banking Corp lifted its stake in shares of Nordstrom by 14.3% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 347,164 shares of the specialty retailer’s stock valued at $8,384,000 after acquiring an additional 43,544 shares during the last quarter. Prudential Financial Inc. increased its holdings in Nordstrom by 260.1% in the 4th quarter. Prudential Financial Inc. now owns 144,839 shares of the specialty retailer’s stock worth $3,498,000 after purchasing an additional 104,616 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in Nordstrom in the fourth quarter valued at about $514,000. Sei Investments Co. boosted its stake in shares of Nordstrom by 91.5% during the fourth quarter. Sei Investments Co. now owns 52,202 shares of the specialty retailer’s stock valued at $1,261,000 after purchasing an additional 24,944 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in shares of Nordstrom by 18.3% during the fourth quarter. American Century Companies Inc. now owns 2,912,254 shares of the specialty retailer’s stock valued at $70,331,000 after purchasing an additional 450,539 shares in the last quarter. 88.73% of the stock is currently owned by institutional investors.

Nordstrom Stock Up 0.1 %

Shares of Nordstrom stock opened at $24.45 on Friday. The firm has a market cap of $4.04 billion, a price-to-earnings ratio of 15.58 and a beta of 2.60. The stock’s 50-day moving average is $24.29 and its 200 day moving average is $23.54. The company has a debt-to-equity ratio of 2.65, a current ratio of 1.14 and a quick ratio of 0.35. Nordstrom, Inc. has a one year low of $17.21 and a one year high of $24.99.

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

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. StockNews.com assumed coverage on shares of Nordstrom in a report on Sunday, March 23rd. They issued a “buy” rating for the company. Barclays raised their price target on shares of Nordstrom from $23.00 to $24.00 and gave the company an “equal weight” rating in a research note on Thursday, January 16th. Telsey Advisory Group reissued a “market perform” rating and issued a $24.00 price objective on shares of Nordstrom in a research note on Wednesday, March 5th. Evercore ISI increased their price objective on Nordstrom from $22.00 to $24.00 and gave the company an “in-line” rating in a report on Monday, January 13th. Finally, Argus downgraded 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 assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $22.90.

Nordstrom Company 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.