The stock of Nordstrom, Inc. (NYSE:JWN) is a huge mover today! About 1.24 million shares traded hands. Nordstrom, Inc. (NYSE:JWN) has declined 0.11% since March 3, 2016 and is downtrending. It has underperformed by 8.46% the S&P500.
The move comes after 6 months positive chart setup for the $9.51 billion company. It was reported on Oct, 6 by Barchart.com. We have $87.11 PT which if reached, will make NYSE:JWN worth $5.99 billion more.
Analysts await Nordstrom, Inc. (NYSE:JWN) to report earnings on November, 10. They expect $0.51 earnings per share, down 10.53% or $0.06 from last year’s $0.57 per share. JWN’s profit will be $90.76M for 26.20 P/E if the $0.51 EPS becomes a reality. After $0.67 actual earnings per share reported by Nordstrom, Inc. for the previous quarter, Wall Street now forecasts -23.88% negative EPS growth.
Nordstrom, Inc. (NYSE:JWN) Ratings Coverage
Out of 21 analysts covering Nordstrom Inc. (NYSE:JWN), 8 rate it a “Buy”, 3 “Sell”, while 10 “Hold”. This means 38% are positive. Nordstrom Inc. has been the topic of 59 analyst reports since August 14, 2015 according to StockzIntelligence Inc. The stock of Nordstrom, Inc. (NYSE:JWN) has “Overweight” rating given on Tuesday, July 26 by PiperJaffray. The stock of Nordstrom, Inc. (NYSE:JWN) earned “Market Perform” rating by Telsey Advisory Group on Friday, February 19. The firm has “Buy” rating by Citigroup given on Wednesday, October 7. The rating was maintained by Topeka Capital Markets on Friday, February 19 with “Buy”. Stifel Nicolaus maintained the shares of JWN in a report on Wednesday, December 23 with “Buy” rating. The rating was maintained by Topeka Capital Markets on Friday, November 13 with “Buy”. Goldman Sachs maintained the shares of JWN in a report on Friday, August 12 with “Neutral” rating. As per Friday, May 13, the company rating was maintained by Stifel Nicolaus. The stock of Nordstrom, Inc. (NYSE:JWN) has “Market Perform” rating given on Friday, May 13 by Telsey Advisory Group. The firm has “Neutral” rating given on Monday, March 21 by Piper Jaffray.
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)”
Insitutional Activity: The institutional sentiment increased to 1.06 in Q2 2016. Its up 0.09, from 0.97 in 2016Q1. The ratio is positive, as 85 funds sold all Nordstrom, Inc. shares owned while 148 reduced positions. 66 funds bought stakes while 180 increased positions. They now own 105.26 million shares or 3.95% less from 109.60 million shares in 2016Q1.
Glob X Limited Liability has 0% invested in the company for 18 shares. Trillium Asset Mgmt Ltd Com has invested 0.04% of its portfolio in Nordstrom, Inc. (NYSE:JWN). Public Employees Retirement Association Of Colorado owns 26,324 shares or 0.01% of their US portfolio. Wfg Advsrs Lp reported 2,906 shares or 0.03% of all its holdings. Ahl Prtnrs Llp holds 0.05% of its portfolio in Nordstrom, Inc. (NYSE:JWN) for 24,458 shares. Glenmede Na reported 121,089 shares or 0.03% of all its holdings. The Korea-based Korea Inv Corporation has invested 0.04% in Nordstrom, Inc. (NYSE:JWN). British Columbia Invest Management Corporation holds 0.01% or 41,244 shares in its portfolio. Deere & last reported 0.06% of its portfolio in the stock. Willis Investment Counsel, a Georgia-based fund reported 198,400 shares. Retirement Of Alabama last reported 65,429 shares in the company. Gofen And Glossberg Lc Il owns 10,072 shares or 0.02% of their US portfolio. Ray Gerald L & Associates Ltd holds 0.05% of its portfolio in Nordstrom, Inc. (NYSE:JWN) for 8,800 shares. Fjarde Ap has 0.03% invested in the company for 33,114 shares. Moreover, Landscape Mngmt Lc has 0.31% invested in Nordstrom, Inc. (NYSE:JWN) for 61,266 shares.
Insider Transactions: Since September 23, 2016, the stock had 0 buys, and 1 sale for $274,040 net activity. $274,040 worth of shares were sold by LITTLE DANIEL F on Friday, September 23.
Another recent and important Nordstrom, Inc. (NYSE:JWN) news was published by Prnewswire.com which published an article titled: “Nordstrom Opens Doors at CF Toronto Eaton Centre” on September 16, 2016.
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.
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