Gabalex Capital Management LLC Has $26.06 Million Holdings in Nordstrom, Inc. (JWN)
Gabalex Capital Management LLC raised its stake in Nordstrom, Inc. (NYSE:JWN) by 10.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 550,000 shares of the specialty retailer’s stock after acquiring an additional 50,000 shares during the quarter. Nordstrom accounts for about 7.5% of Gabalex Capital Management LLC’s portfolio, making the stock its 5th largest position. Gabalex Capital Management LLC’s holdings in Nordstrom were worth $26,059,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in JWN. San Francisco Sentry Investment Group CA increased its position in shares of Nordstrom by 1,752.0% during the third quarter. San Francisco Sentry Investment Group CA now owns 2,315 shares of the specialty retailer’s stock worth $109,000 after acquiring an additional 2,190 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in shares of Nordstrom during the fourth quarter worth about $115,000. Cerebellum GP LLC purchased a new stake in shares of Nordstrom during the fourth quarter worth about $131,000. Advisory Services Network LLC increased its position in shares of Nordstrom by 41.8% during the second quarter. Advisory Services Network LLC now owns 3,452 shares of the specialty retailer’s stock worth $165,000 after acquiring an additional 1,018 shares during the last quarter. Finally, Thrivent Financial For Lutherans bought a new stake in Nordstrom in the second quarter valued at about $202,000. 58.05% of the stock is currently owned by institutional investors.
Shares of Nordstrom, Inc. (JWN) traded up $0.18 during midday trading on Thursday, hitting $49.49. The stock had a trading volume of 841,840 shares, compared to its average volume of 1,958,040. The company has a debt-to-equity ratio of 3.14, a quick ratio of 0.30 and a current ratio of 1.00. The firm has a market capitalization of $8,230.84, a P/E ratio of 17.38, a PEG ratio of 2.75 and a beta of 0.89. Nordstrom, Inc. has a fifty-two week low of $37.79 and a fifty-two week high of $53.00.
Several brokerages recently weighed in on JWN. UBS Group lowered their price objective on Nordstrom from $46.00 to $43.00 and set a “neutral” rating for the company in a report on Friday, November 10th. BMO Capital Markets set a $50.00 price objective on Nordstrom and gave the company a “hold” rating in a report on Friday, January 12th. Piper Jaffray Companies set a $45.00 price objective on Nordstrom and gave the company a “hold” rating in a report on Wednesday, January 10th. Robert W. Baird reissued a “hold” rating and issued a $50.00 price objective on shares of Nordstrom in a report on Wednesday, November 1st. Finally, Zacks Investment Research raised Nordstrom from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a report on Monday, January 15th. Three investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and seven have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $47.43.
Nordstrom, Inc is a fashion specialty retailer in the United States. The Company’s segments include Retail and Credit. As of March 20, 2017, the Company operated 344 the United States stores located in 40 states as well as an e-commerce business. The Company also offers its customers a variety of payment products and services, including credit and debit cards.
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