World Asset Management Inc lowered its stake in Nordstrom, Inc. (NYSE:JWN) by 11.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,223 shares of the specialty retailer’s stock after selling 1,631 shares during the period. World Asset Management Inc’s holdings in Nordstrom were worth $585,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in JWN. Gemmer Asset Management LLC boosted its stake in shares of Nordstrom by 0.8% in the first quarter. Gemmer Asset Management LLC now owns 2,252 shares of the specialty retailer’s stock valued at $105,000 after buying an additional 18 shares in the last quarter. Ledyard National Bank boosted its stake in shares of Nordstrom by 291.1% in the first quarter. Ledyard National Bank now owns 2,362 shares of the specialty retailer’s stock valued at $110,000 after buying an additional 1,758 shares in the last quarter. Whitnell & Co. boosted its stake in shares of Nordstrom by 0.8% in the first quarter. Whitnell & Co. now owns 34,623 shares of the specialty retailer’s stock valued at $1,612,000 after buying an additional 260 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of Nordstrom by 20.8% in the first quarter. Nisa Investment Advisors LLC now owns 50,468 shares of the specialty retailer’s stock valued at $2,350,000 after buying an additional 8,700 shares in the last quarter. Finally, Patten & Patten Inc. TN boosted its stake in shares of Nordstrom by 2.8% in the first quarter. Patten & Patten Inc. TN now owns 7,225 shares of the specialty retailer’s stock valued at $336,000 after buying an additional 200 shares in the last quarter. 64.36% of the stock is owned by hedge funds and other institutional investors.

Shares of Nordstrom, Inc. (JWN) opened at 46.88 on Thursday. Nordstrom, Inc. has a 1-year low of $39.53 and a 1-year high of $62.82. The company has a market capitalization of $7.78 billion, a PE ratio of 21.95 and a beta of 0.83. The company’s 50-day moving average price is $47.43 and its 200-day moving average price is $45.51.

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Several brokerages have weighed in on JWN. Atlantic Securities raised Nordstrom from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $45.00 to $58.00 in a report on Thursday, May 4th. Zacks Investment Research raised Nordstrom from a “sell” rating to a “hold” rating in a report on Wednesday, May 10th. Maxim Group set a $61.00 price objective on Nordstrom and gave the stock a “buy” rating in a report on Thursday, May 4th. Gordon Haskett began coverage on Nordstrom in a report on Tuesday, May 9th. They set an “accumulate” rating and a $54.00 price objective for the company. Finally, TheStreet raised Nordstrom from a “c” rating to a “b-” rating in a report on Wednesday, April 26th. Five research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $47.23.

About Nordstrom

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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Institutional Ownership by Quarter for Nordstrom (NYSE:JWN)

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