Confidence in Nordstrom (NYSE:JWN) Shares by Gordon Haskett Fall.

November 8, 2018 - By Hannah Black

Nordstrom, Inc. (NYSE:JWN) Logo

Investors sentiment decreased to 0.97 in 2018 Q2. Its down 0.02, from 0.99 in 2018Q1. It fall, as 46 investors sold Nordstrom, Inc. shares while 150 reduced holdings. 66 funds opened positions while 125 raised stakes. 87.57 million shares or 2.93% less from 90.21 million shares in 2018Q1 were reported.

Stephens Inc Ar has 7,755 shares. Tobam has 0.1% invested in Nordstrom, Inc. (NYSE:JWN). Northwestern Mutual Wealth Management Communication holds 0% or 7,849 shares in its portfolio. France-based Exane Derivatives has invested 0% in Nordstrom, Inc. (NYSE:JWN). Great Lakes Advsrs Ltd has 0.09% invested in Nordstrom, Inc. (NYSE:JWN). Lourd Cap Ltd Com owns 0.33% invested in Nordstrom, Inc. (NYSE:JWN) for 46,085 shares. Dnb Asset Mgmt As owns 11,162 shares. The Massachusetts-based Alpha Windward has invested 0.35% in Nordstrom, Inc. (NYSE:JWN). D E Shaw Co has 72,344 shares for 0% of their portfolio. Moreover, Gateway Investment Advisers Lc has 0.07% invested in Nordstrom, Inc. (NYSE:JWN) for 158,691 shares. Blair William & Il invested 0.09% in Nordstrom, Inc. (NYSE:JWN). Barclays Public Ltd Liability Company has 258,050 shares for 0.01% of their portfolio. Sei Invs has 0% invested in Nordstrom, Inc. (NYSE:JWN) for 23,642 shares. Financial Counselors owns 6,184 shares. Dubuque Bank & Trust Tru stated it has 1.27% in Nordstrom, Inc. (NYSE:JWN).

Since May 14, 2018, it had 0 insider purchases, and 14 insider sales for $32.73 million activity. NORDSTROM PETER E sold 3,379 shares worth $179,121. Another trade for 289 shares valued at $14,071 was sold by Worzel Ken. The insider NORDSTROM ERIK B sold $179,087. SARI ROBERT sold 53,024 shares worth $3.48M. Deputy Christine had sold 11,534 shares worth $759,745 on Monday, September 10. NORDSTROM BLAKE W also sold $7.83 million worth of Nordstrom, Inc. (NYSE:JWN) on Thursday, September 20.

Nordstrom (NYSE:JWN) Receives a Downgrade

The Equity Rating of Nordstrom (NYSE:JWN) rating was cut by research professionals at Gordon Haskett from the previous “Hold” rating to a “Reduce” rating in an analyst note made public on 8 November.

Nordstrom, Inc. (NYSE:JWN) Ratings Coverage

Among 12 analysts covering Nordstrom Inc (NYSE:JWN), 5 have Buy rating, 1 Sell and 6 Hold. Therefore 42% are positive. Nordstrom Inc has $75 highest and $47 lowest target. $60.50’s average target is -9.08% below currents $66.54 stock price. Nordstrom Inc had 19 analyst reports since May 18, 2018 according to SRatingsIntel. The stock of Nordstrom, Inc. (NYSE:JWN) has “Buy” rating given on Monday, June 18 by Tigress Financial. On Tuesday, July 10 the stock rating was downgraded by KeyBanc Capital Markets to “Sector Weight”. The firm has “Buy” rating given on Wednesday, May 23 by Deutsche Bank. Morgan Stanley maintained the shares of JWN in report on Friday, August 17 with “Underweight” rating. The rating was maintained by Deutsche Bank on Friday, August 17 with “Buy”. The company was downgraded on Monday, July 2 by Cowen & Co. The rating was upgraded by Wedbush on Tuesday, October 30 to “Outperform”. The stock of Nordstrom, Inc. (NYSE:JWN) earned “Neutral” rating by Nomura on Friday, August 17. The firm has “Neutral” rating given on Friday, August 17 by Citigroup. On Friday, August 17 the stock rating was maintained by Credit Suisse with “Neutral”.

The stock increased 0.15% or $0.1 during the last trading session, reaching $66.54. About 1.81 million shares traded. Nordstrom, Inc. (NYSE:JWN) has risen 46.15% since November 9, 2017 and is uptrending. It has outperformed by 30.53% the S&P500.

Analysts await Nordstrom, Inc. (NYSE:JWN) to report earnings on November, 15 after the close. They expect $0.63 EPS, down 5.97 % or $0.04 from last year’s $0.67 per share. JWN’s profit will be $106.19M for 26.40 P/E if the $0.63 EPS becomes a reality. After $0.95 actual EPS reported by Nordstrom, Inc. for the previous quarter, Wall Street now forecasts -33.68 % negative EPS growth.

Nordstrom, Inc., a fashion specialty retailer, provides apparel, shoes, cosmetics, and accessories for women, men, young adults, and children in the United States and Canada. The company has market cap of $11.22 billion. It operates through two divisions, Retail and Credit. It has a 21.97 P/E ratio. The Retail segment offers a range of brand name and private label merchandise through various channels, including Nordstrom branded full-line stores and online store at Nordstrom.com; Nordstrom Rack stores; Nordstromrack.com and HauteLook; Trunk Club clubhouses and TrunkClub.com; Jeffrey boutiques; and clearance stores that operate under the Last Chance name.

Another recent and important Nordstrom, Inc. (NYSE:JWN) news was published by Benzinga.com which published an article titled: “Wedbush Upgrades Nordstrom, Says 2018 An ‘Inflection Point For Profitable Growth'” on October 30, 2018.

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

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