Investors Sell Nordstrom Inc. (JWN) on Strength (JWN)
Traders sold shares of Nordstrom Inc. (NYSE:JWN) on strength during trading hours on Friday. $143.97 million flowed into the stock on the tick-up and $172.41 million flowed out of the stock on the tick-down, for a money net flow of $28.44 million out of the stock. Of all companies tracked, Nordstrom had the 0th highest net out-flow for the day. Nordstrom traded up $3.82 for the day and closed at $51.38
Several equities research analysts have recently issued reports on JWN shares. Deutsche Bank AG reduced their target price on Nordstrom from $57.00 to $47.00 and set a “buy” rating on the stock in a report on Friday, May 13th. Topeka Capital Markets reduced their target price on Nordstrom from $69.00 to $50.00 and set a “buy” rating on the stock in a report on Friday, May 13th. Stifel Nicolaus reduced their target price on Nordstrom from $66.00 to $54.00 and set a “buy” rating on the stock in a report on Friday, May 13th. Maxim Group started coverage on Nordstrom in a report on Wednesday, June 15th. They issued a “buy” rating and a $50.00 target price on the stock. Finally, Vetr cut Nordstrom from a “strong-buy” rating to a “buy” rating and set a $43.19 target price on the stock. in a report on Thursday, July 7th. Six research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and eight have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $48.42.
The firm has a market cap of $8.90 billion and a price-to-earnings ratio of 21.89. The stock has a 50-day moving average price of $41.43 and a 200 day moving average price of $46.72.
Nordstrom (NYSE:JWN) last posted its quarterly earnings data on Thursday, August 11th. The company reported $0.67 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.11. During the same period in the previous year, the business posted $0.93 EPS. The company had revenue of $3.65 billion for the quarter, compared to analysts’ expectations of $3.67 billion. The business’s revenue for the quarter was down .2% on a year-over-year basis. On average, analysts anticipate that Nordstrom Inc. will post $2.70 EPS for the current year.
Several institutional investors recently bought and sold shares of JWN. Marshall Wace LLP bought a new position in Nordstrom during the fourth quarter worth $5,069,000. Foresters Investment Management Company Inc. boosted its position in Nordstrom by 30.0% in the fourth quarter. Foresters Investment Management Company Inc. now owns 65,000 shares of the company’s stock worth $3,238,000 after buying an additional 15,000 shares during the last quarter. US Bancorp DE boosted its position in Nordstrom by 10.7% in the fourth quarter. US Bancorp DE now owns 101,318 shares of the company’s stock worth $5,046,000 after buying an additional 9,822 shares during the last quarter. Aberdeen Asset Management PLC UK boosted its position in Nordstrom by 8.9% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 32,736 shares of the company’s stock worth $2,243,000 after buying an additional 2,679 shares during the last quarter. Finally, Nicholas Co. Inc. WI boosted its position in Nordstrom by 11.6% in the fourth quarter. Nicholas Co. Inc. WI now owns 145,105 shares of the company’s stock worth $7,227,000 after buying an additional 15,092 shares during the last quarter.
Nordstrom, Inc is a fashion specialty retailer in the United States. The company operates through two segments: Retail and Credit. 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.
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