Mkp Capital Management LLC Has Decreased Nordstrom INC (JWN) Position by $4.56 Million as Market Valuation Declined

April 25, 2018 - By Adrian Erickson

Nordstrom, Inc. (NYSE:JWN) LogoInvestors sentiment decreased to 0.96 in 2017 Q4. Its down 0.18, from 1.14 in 2017Q3. It dived, as 68 investors sold JWN shares while 144 reduced holdings. 60 funds opened positions while 144 raised stakes. 92.34 million shares or 3.76% more from 88.99 million shares in 2017Q3 were reported. Greenlight Cap holds 125,900 shares. Oakworth Capital accumulated 0% or 204 shares. Broadview Advsr Lc holds 121,900 shares. Brookstone Capital Management holds 0.03% or 7,813 shares. Patten Gp reported 410 shares. Murphy Pohlad Asset Ltd Co invested 1% of its portfolio in Nordstrom, Inc. (NYSE:JWN). Nuveen Asset Mgmt Lc reported 240,997 shares or 0.07% of all its holdings. Patten Patten Tn invested 0.03% in Nordstrom, Inc. (NYSE:JWN). Gemmer Asset Mgmt Llc owns 0.04% invested in Nordstrom, Inc. (NYSE:JWN) for 2,326 shares. State Of Tennessee Treasury Department owns 181,256 shares or 0.04% of their US portfolio. Dean Invest Associates Ltd Llc owns 14,775 shares for 0.11% of their portfolio. Korea Invest Corp holds 105,500 shares or 0.02% of its portfolio. The New York-based Grandfield And Dodd Ltd Company has invested 0.37% in Nordstrom, Inc. (NYSE:JWN). Guardian Life Ins Of America has invested 0% in Nordstrom, Inc. (NYSE:JWN). Stone Ridge Asset Mngmt Ltd Company has invested 0.05% in Nordstrom, Inc. (NYSE:JWN).

Since April 11, 2018, it had 0 insider buys, and 4 sales for $1.61 million activity. 10,000 shares valued at $490,200 were sold by Meden Scott A on Thursday, April 12. $398,140 worth of stock was sold by Deputy Christine on Thursday, April 12.

Mkp Capital Management Llc decreased its stake in Nordstrom Inc (JWN) by 74.22% based on its latest 2017Q4 regulatory filing with the SEC. Mkp Capital Management Llc sold 97,000 shares as the company’s stock declined 0.36% with the market. The hedge fund held 33,700 shares of the consumer services company at the end of 2017Q4, valued at $1.60M, down from 130,700 at the end of the previous reported quarter. Mkp Capital Management Llc who had been investing in Nordstrom Inc for a number of months, seems to be less bullish one the $8.04B market cap company. The stock decreased 0.54% or $0.26 during the last trading session, reaching $47.89. About 1.48M shares traded. Nordstrom, Inc. (NYSE:JWN) has risen 11.56% since April 25, 2017 and is uptrending. It has outperformed by 0.01% the S&P500.

Analysts await Nordstrom, Inc. (NYSE:JWN) to report earnings on May, 10. They expect $0.42 EPS, down 2.33 % or $0.01 from last year’s $0.43 per share. JWN’s profit will be $70.48 million for 28.51 P/E if the $0.42 EPS becomes a reality. After $1.20 actual EPS reported by Nordstrom, Inc. for the previous quarter, Wall Street now forecasts -65.00 % negative EPS growth.

Nordstrom, Inc. (NYSE:JWN) Ratings Coverage

Among 14 analysts covering Nordstrom Inc (NYSE:JWN), 2 have Buy rating, 2 Sell and 10 Hold. Therefore 14% are positive. Nordstrom Inc had 25 analyst reports since October 30, 2017 according to SRatingsIntel. As per Friday, November 10, the company rating was maintained by KeyBanc Capital Markets. Morgan Stanley maintained the shares of JWN in report on Monday, November 13 with “Underweight” rating. The stock of Nordstrom, Inc. (NYSE:JWN) has “Hold” rating given on Tuesday, January 23 by William Blair. The firm has “Underperform” rating by Bank of America given on Friday, November 10. The stock of Nordstrom, Inc. (NYSE:JWN) earned “Hold” rating by Cowen & Co on Friday, November 10. The company was maintained on Tuesday, January 23 by Susquehanna. The firm earned “Hold” rating on Friday, November 10 by RBC Capital Markets. The firm earned “Neutral” rating on Friday, November 10 by Robert W. Baird. Piper Jaffray maintained the shares of JWN in report on Thursday, March 1 with “Hold” rating. UBS maintained Nordstrom, Inc. (NYSE:JWN) rating on Friday, November 10. UBS has “Neutral” rating and $43 target.

Nordstrom, Inc. (NYSE:JWN) Institutional Positions Chart

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