Ownership Action Report: Nordstrom Inc (NYSE:JWN) Institutional Investor Sentiment Is 0.9

November 25, 2016 - By Darrin Black   ·   0 Comments

Ownership Action Report: Nordstrom Inc (NYSE:JWN) Institutional Investor Sentiment Is 0.9

Sentiment for Nordstrom Inc (NYSE:JWN)

Nordstrom Inc (NYSE:JWN) institutional sentiment decreased to 0.9 in 2016 Q2. Its down -0.16, from 1.06 in 2016Q1. The ratio worsened, as 246 institutional investors opened new and increased positions, while 233 sold and trimmed stock positions in Nordstrom Inc. The institutional investors in our partner’s database now own: 105.26 million shares, down from 109.60 million shares in 2016Q1. Also, the number of institutional investors holding Nordstrom Inc in their top 10 positions decreased from 4 to 1 for a decrease of 3. Sold All: 85 Reduced: 148 Increased: 180 New Position: 66.

Nordstrom, Inc. is a fashion specialty retailer in the United States. The company has a market cap of $10.14 billion. The firm operates through two divisions: Retail and Credit. It has a 30.95 P/E ratio. The Retail segment includes approximately 115 Nordstrom branded full-line stores in the United States and Nordstrom.com, approximately 167 off-price Nordstrom Rack stores, two Canada full-line stores, Nordstromrack.com and HauteLook, and other retail channels, including five Trunk Club showrooms and TrunkClub.com, its two Jeffrey boutiques and one clearance store that operates under the name Last Chance.

The stock decreased 1.16% or $0.68 during the last trading session, hitting $57.85. About 1.14M shares traded hands. Nordstrom, Inc. (NYSE:JWN) has risen 13.45% since April 22, 2016 and is uptrending. It has outperformed by 8.04% the S&P500.

Analysts await Nordstrom, Inc. (NYSE:JWN) to report earnings on February, 16. They expect $1.17 EPS, 0.00% or $0.00 from last year’s $1.17 per share. JWN’s profit will be $205.08 million for 12.36 P/E if the $1.17 EPS becomes a reality. After $0.84 actual EPS reported by Nordstrom, Inc. for the previous quarter, Wall Street now forecasts 39.29% EPS growth.

According to Zacks Investment Research, “Nordstrom, Inc. is one of the nation’s leading fashion specialty retailers, with stores located in a number of states, including full-line stores, Nordstrom Racks, Faconnable boutiques, and free-standing shoe stores. Nordstrom also operates Faconnable boutiques throughout Europe. Additionally, Nordstrom serves customers through its online presence and through its direct mail catalogs. (Company Press Release)”

Cornerstone Advisors Inc. holds 5.81% of its portfolio in Nordstrom, Inc. for 150,036 shares. Hutchinson Capital Management Ca owns 220,834 shares or 2.55% of their US portfolio. Moreover, Davidson Investment Advisors has 2.01% invested in the company for 314,850 shares. The Florida-based Keating Investment Counselors Inc has invested 1.75% in the stock. Smead Capital Management Inc., a Washington-based fund reported 981,608 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 0 insider buys, and 7 sales for $7.61 million net activity.

Nordstrom, Inc. (NYSE:JWN) Ratings Coverage

Ratings analysis reveals 33% of Nordstrom Inc.’s analysts are positive. Out of 21 Wall Street analysts rating Nordstrom Inc., 7 give it “Buy”, 3 “Sell” rating, while 11 recommend “Hold”. The lowest target is $34 while the high is $92. The stock’s average target of $53.58 is -7.38% below today’s ($57.85) share price. JWN was included in 62 notes of analysts from August 14, 2015. Telsey Advisory Group maintained Nordstrom, Inc. (NYSE:JWN) on Friday, February 19 with “Market Perform” rating. The stock has “Buy” rating given by Guggenheim on Tuesday, November 10. As per Monday, March 7, the company rating was downgraded by Northcoast. The firm has “Hold” rating by Brean Capital given on Friday, August 14. Macquarie Research maintained the stock with “Neutral” rating in Friday, August 14 report. The stock of Nordstrom, Inc. (NYSE:JWN) has “Market Perform” rating given on Friday, November 13 by Telsey Advisory Group. The rating was maintained by Piper Jaffray on Friday, August 14 with “Buy”. The firm earned “Overweight” rating on Tuesday, July 26 by PiperJaffray. The rating was maintained by Topeka Capital Markets with “Buy” on Friday, November 13. Stifel Nicolaus maintained it with “Buy” rating and $58 target price in Friday, August 12 report.

JWN Company Profile

Nordstrom, Inc., incorporated on October 28, 1946, is a fashion specialty retailer in the United States. The Company’s divisions include Retail, Credit and Corporate/Other. The Firm operates approximately 320 United States stores located in over 40 states, as well as an e-commerce business through Nordstrom.com, Nordstromrack.com/HauteLook and TrunkClub.com. It also operates approximately three Nordstrom full-line stores in Canada. In addition, the Company offers its clients a Nordstrom Rewards loyalty program along with a range of payment services and products, including credit and debit cards.

More important recent Nordstrom, Inc. (NYSE:JWN) news were published by: Businesswire.com which released: “Nordstrom Board of Directors Approves Quarterly Dividend” on November 16, 2016, also Nasdaq.com published article titled: “Nordstrom, Inc. (JWN) Ex-Dividend Date Scheduled for November 23, 2016”, Nasdaq.com published: “Nordstrom, Inc. (JWN) Stock: The Best Play in Retail” on November 18, 2016. More interesting news about Nordstrom, Inc. (NYSE:JWN) was released by: Nasdaq.com and their article: “Nordstrom Inc. Q3 Profit Advances 83%” with publication date: November 10, 2016.

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By Darrin Black


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