November 28, 2016 - By Ruchi Gupta
The director of Nordstrom Inc, Enrique Hernandez is in the stock market news today. It was made public in a report filled by Enrique Hernandez and submitted to the SEC on 28/11/2016, he sold 24,534 shares from the Pinksheet-listed Nordstrom Inc having an approx. value of $1,432,172 USD. The insider shares average price was $58.4. Right now, he holds a total of 3,772 shares or 0.00% of the Company’s market cap (total dollar market value of all company’s outstanding shares).
Out of 21 analysts covering Nordstrom Inc. (NYSE:JWN), 7 rate it a “Buy”, 3 “Sell”, while 11 “Hold”. This means 33% are positive. $92 is the highest target while $34 is the lowest. The $53.58 average target is -4.90% below today’s ($56.34) stock price. Nordstrom Inc. has been the topic of 62 analyst reports since August 14, 2015 according to StockzIntelligence Inc. Stifel Nicolaus maintained it with “Buy” rating and $54 target price in Friday, May 13 report. Stifel Nicolaus upgraded Nordstrom, Inc. (NYSE:JWN) rating on Tuesday, September 15. Stifel Nicolaus has “Buy” rating and $84 price target. The stock has “Neutral” rating given by Goldman Sachs on Friday, October 23. Citigroup maintained Nordstrom, Inc. (NYSE:JWN) on Friday, August 12 with “Neutral” rating. The firm has “Hold” rating by Brean Capital given on Friday, August 14. The stock of Nordstrom, Inc. (NYSE:JWN) has “Market Perform” rating given on Friday, May 13 by Telsey Advisory Group. Telsey Advisory Group maintained it with “Market Perform” rating and $60 target price in Friday, November 11 report. Deutsche Bank maintained the stock with “Buy” rating in Friday, August 12 report. Maxim Group maintained it with “Buy” rating and $61 target price in Friday, November 11 report. The stock has “Hold” rating given by Deutsche Bank on Monday, October 31.
Insitutional Activity: The institutional sentiment decreased to 0.9 in Q2 2016. Its down 0.16, from 1.06 in 2016Q1. The ratio turned negative, 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.
Washington Retail Bank has 28,899 shares for 0.28% of their US portfolio. Sumitomo Life Insur Communication has invested 0.12% of its portfolio in Nordstrom, Inc. (NYSE:JWN). First Tru Advsr Limited Partnership owns 249,877 shares or 0.03% of their US portfolio. Oregon Public Employees Retirement Fund holds 0.03% of its portfolio in Nordstrom, Inc. (NYSE:JWN) for 39,785 shares. Nomura, a Japan-based fund reported 9,100 shares. Numeric Ltd Liability Co reported 126,700 shares or 0.04% of all its holdings. Dimensional Fund Advisors Limited Partnership holds 0.01% or 662,827 shares in its portfolio. Kcm Invest Advsr Limited holds 0.02% or 8,302 shares in its portfolio. Chicago Equity Prtn Ltd Company reported 11,300 shares or 0.01% of all its holdings. Qs Limited Liability Com, a New York-based fund reported 1,691 shares. Transamerica Advsrs accumulated 16 shares or 0% of the stock. Rowland And Co Invest Counsel Adv accumulated 21,708 shares or 0% of the stock. The California-based Aristotle Capital Mgmt Limited Company has invested 0.01% in Nordstrom, Inc. (NYSE:JWN). Moreover, Acadia Na has 0.08% invested in Nordstrom, Inc. (NYSE:JWN) for 7,093 shares. Verition Fund Mngmt Limited holds 11,410 shares or 0.06% of its portfolio.
Insider Transactions: Since September 23, 2016, the stock had 0 insider buys, and 7 sales for $7.61 million net activity. NORDSTROM BLAKE W had sold 42,847 shares worth $2.57M. The insider LITTLE DANIEL F sold $290,235. Another trade for 29,992 shares valued at $1.75 million was made by NORDSTROM PETER E on Friday, November 11. 29,992 Nordstrom, Inc. (NYSE:JWN) shares with value of $1.75 million were sold by NORDSTROM ERIK B.
About 3.13 million shares traded hands. Nordstrom, Inc. (NYSE:JWN) has risen 11.23% since April 25, 2016 and is uptrending. It has outperformed by 5.21% the S&P500.
Nordstrom, Inc. is a fashion specialty retailer in the United States. The company has a market cap of $9.66 billion. The firm operates through two divisions: Retail and Credit. It has a 30.14 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.
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)”
Analysts await Nordstrom, Inc. (NYSE:JWN) to report earnings on February, 16. They expect $1.17 earnings per share, 0.00% or $0.00 from last year’s $1.17 per share. JWN’s profit will be $200.57 million for 12.04 P/E if the $1.17 EPS becomes a reality. After $0.84 actual earnings per share reported by Nordstrom, Inc. for the previous quarter, Wall Street now forecasts 39.29% EPS growth.
More recent Nordstrom, Inc. (NYSE:JWN) news were published by: Nasdaq.com which released: “Nordstrom, Inc. (JWN) Stock: The Best Play in Retail” on November 18, 2016. Also Nasdaq.com published the news titled: “Nordstrom, Inc. (JWN) Ex-Dividend Date Scheduled for November 23, 2016” on November 22, 2016. Nasdaq.com‘s news article titled: “Nordstrom Inc. Q3 Profit Advances 83%” with publication date: November 10, 2016 was also an interesting one.
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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By Ruchi Gupta