BCK Capital Management LP Invests $712,000 in Nordstrom, Inc. (NYSE:JWN)

BCK Capital Management LP purchased a new position in Nordstrom, Inc. (NYSE:JWN) in the fourth quarter, Holdings Channel.com reports. The firm purchased 29,500 shares of the specialty retailer’s stock, valued at approximately $712,000.

A number of other large investors have also recently made changes to their positions in the stock. Retirement Systems of Alabama grew its stake in shares of Nordstrom by 0.4% in the fourth quarter. Retirement Systems of Alabama now owns 117,801 shares of the specialty retailer’s stock worth $2,845,000 after acquiring an additional 512 shares during the period. Freestone Capital Holdings LLC grew its position in Nordstrom by 3.0% during the fourth quarter. Freestone Capital Holdings LLC now owns 19,252 shares of the specialty retailer’s stock valued at $465,000 after buying an additional 558 shares during the period. Amalgamated Bank grew its position in Nordstrom by 1.4% during the fourth quarter. Amalgamated Bank now owns 45,083 shares of the specialty retailer’s stock valued at $1,089,000 after buying an additional 617 shares during the period. Janney Montgomery Scott LLC grew its position in Nordstrom by 1.2% during the fourth quarter. Janney Montgomery Scott LLC now owns 55,956 shares of the specialty retailer’s stock valued at $1,351,000 after buying an additional 640 shares during the period. Finally, Avantax Advisory Services Inc. grew its position in Nordstrom by 3.5% during the fourth quarter. Avantax Advisory Services Inc. now owns 21,181 shares of the specialty retailer’s stock valued at $512,000 after buying an additional 725 shares during the period. 88.73% of the stock is currently owned by institutional investors.

Nordstrom Price Performance

JWN stock opened at $24.68 on Friday. Nordstrom, Inc. has a one year low of $19.45 and a one year high of $24.99. The company’s fifty day moving average price is $24.17 and its 200-day moving average price is $23.94. The company has a debt-to-equity ratio of 2.65, a quick ratio of 0.35 and a current ratio of 1.14. The company has a market capitalization of $4.13 billion, a PE ratio of 15.72 and a beta of 2.36.

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

Wall Street Analyst Weigh In

JWN has been the subject of several recent research reports. Wall Street Zen initiated coverage on shares of Nordstrom in a research report on Sunday, May 18th. They set a “buy” rating for the company. Citigroup restated a “sell” rating and set a $22.00 target price (down from $25.00) on shares of Nordstrom in a research report on Friday, April 4th. Finally, Telsey Advisory Group reiterated a “market perform” rating and issued a $24.00 price target on shares of Nordstrom in a research report on Wednesday, March 5th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $22.80.

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.