Kentucky Retirement Systems Insurance Trust Fund Takes Position in Nordstrom, Inc. (NYSE:JWN)

Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in Nordstrom, Inc. (NYSE:JWN) during the 4th quarter, Holdings Channel reports. The firm acquired 5,067 shares of the specialty retailer’s stock, valued at approximately $122,000.

Other large investors have also made changes to their positions in the company. Quantinno Capital Management LP lifted its position in shares of Nordstrom by 49.3% in the third quarter. Quantinno Capital Management LP now owns 145,146 shares of the specialty retailer’s stock valued at $3,264,000 after acquiring an additional 47,923 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Nordstrom by 17.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,422,856 shares of the specialty retailer’s stock valued at $32,000,000 after acquiring an additional 208,193 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Nordstrom by 29.7% in the third quarter. JPMorgan Chase & Co. now owns 388,796 shares of the specialty retailer’s stock valued at $8,744,000 after acquiring an additional 89,114 shares in the last quarter. Point72 Asset Management L.P. lifted its position in shares of Nordstrom by 190.1% in the third quarter. Point72 Asset Management L.P. now owns 59,678 shares of the specialty retailer’s stock valued at $1,342,000 after acquiring an additional 39,104 shares in the last quarter. Finally, Sanctuary Advisors LLC lifted its position in shares of Nordstrom by 160.9% in the third quarter. Sanctuary Advisors LLC now owns 51,071 shares of the specialty retailer’s stock valued at $1,187,000 after acquiring an additional 31,498 shares in the last quarter. 88.73% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Barclays boosted their price objective on Nordstrom from $23.00 to $24.00 and gave the company an “equal weight” rating in a research report on Thursday, January 16th. StockNews.com initiated coverage on Nordstrom in a research report on Wednesday. They issued a “buy” rating on the stock. Evercore ISI boosted their target price on Nordstrom from $22.00 to $24.00 and gave the stock an “in-line” rating in a research report on Monday, January 13th. Citigroup boosted their target price on Nordstrom from $22.00 to $23.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 19th. Finally, Telsey Advisory Group reiterated a “market perform” rating and issued a $24.00 target price on shares of Nordstrom in a research report on Monday, January 13th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $22.17.

Nordstrom Price Performance

Shares of JWN stock opened at $24.33 on Thursday. Nordstrom, Inc. has a twelve month low of $16.78 and a twelve month high of $24.99. The stock has a market capitalization of $4.01 billion, a price-to-earnings ratio of 15.49 and a beta of 2.51. The stock has a fifty day simple moving average of $24.09 and a two-hundred day simple moving average of $23.13. The company has a current ratio of 1.14, a quick ratio of 0.35 and a debt-to-equity ratio of 2.65.

Nordstrom (NYSE:JWN) last released its quarterly earnings results on Tuesday, November 26th. The specialty retailer reported $0.33 EPS for the quarter, topping the consensus estimate of $0.22 by $0.11. The firm had revenue of $3.35 billion during the quarter, compared to analyst estimates of $3.34 billion. Nordstrom had a negative return on equity of 18.04% and a negative net margin of 1.57%. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.25 EPS. On average, analysts predict that Nordstrom, Inc. will post 1.97 EPS for the current fiscal year.

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.