Tradewinds Capital Management LLC Buys 6 Shares of Nordstrom, Inc. (JWN)

Shoppers walk into a Nordstrom store in Pittsburgh. Associated Press files

Nordstrom (NYSE:JWN) last issued its quarterly earnings data on Thursday, August 10th. Sources told Reuters last month that the family was trying to raise around US$1 billion in equity from outside investors to take the department store operator private. Nisa Investment Advisors LLC's holdings in Nordstrom were worth $2,048,000 as of its most recent filing with the SEC. Nordstrom's revenue was up 3.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.67 earnings per share.

Nordstrom tweaked its outlook for full-year earnings. The firm has a market cap of $7.42 billion, a PE ratio of 20.91 and a beta of 0.83.

It is now trading at $44.87 well below $47.43, the stock's 50 day moving average and marginally under the 200 day moving average of $45.51.

Several brokerages recently commented on JWN. Northcoast Research reaffirmed a "neutral" rating on shares of Nordstrom in a research report on Tuesday, May 16th. Zacks Investment Research lowered shares of Nordstrom from a hold rating to a sell rating in a research report on Wednesday, April 26th. On Monday, March 21 the stock rating was downgraded by Piper Jaffray to "Neutral". Maxim Group maintained it with "Buy" rating and $61 target in Friday, November 11 report. The stock now has a consensus rating of "Hold" and a consensus target price of $47.23. Five investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and seven have assigned a buy rating to the stock. The consensus 12-month price target on the stock was $46.58 before today's results were announced.

More news: Share Activity Lifted for Nuveen Preferred Securities Income Fund (JPS) in Session

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A number of other institutional investors also recently modified their holdings of the stock. Moreno Evelyn V now owns 91,875 shares of the specialty retailer's stock valued at $4,279,000 after buying an additional 5,970 shares during the last quarter. Global X Management Co. Twin Tree Management, Lp added to its position by buying 384,500 shares an increase of 828.7% as of 06/30/2017. Parallel Advisors LLC now owns 2,099 shares of the specialty retailer's stock valued at $104,000 after buying an additional 236 shares during the period. Advisory Services Network LLC bought a new position in shares of Nordstrom during the first quarter valued at $113,000. Ledyard National Bank boosted its stake in shares of Nordstrom by 291.1% in the first quarter. Principal Financial Group Inc. now owns 1,831,138 shares of the specialty retailer's stock worth $87,584,000 after buying an additional 1,149,685 shares during the last quarter. Finally, State of Alaska Department of Revenue boosted its position in shares of Nordstrom by 1.5% in the second quarter. If the average volume is low then the liquidity is low which means it is hard to buy or sell the stock as there are fewer buyers or sellers of the stock. Ftb Advsrs invested in 1,842 shares or 0.01% of the stock.

Nordstrom, Inc., launched on September 28, 1946, is a fashion specialty retailer in the United States. The Company's divisions include Retail and Credit.

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