Some Traders See Unusual Bearish Options Activity in Nordstrom, Inc.


 Some Traders See Unusual Bearish Options Activity in Nordstrom, Inc.

In today’s session Nordstrom, Inc. (JWN) recorded an unusually high (3,053) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2017 put, expecting serious JWN decrease. With 3,053 contracts traded and 3994 open interest for the Jan, 17 contract, it seems this is a quite bearish bet. The option with symbol: JWN170120P00052500 closed last at: $3.8 or 4.1% up. About 134,537 shares traded hands. Nordstrom, Inc. (NYSE:JWN) has declined 6.30% since March 16, 2016 and is downtrending. It has underperformed by 11.84% the S&P500.

Analysts await Nordstrom, Inc. (NYSE:JWN) to report earnings on November, 10. They expect $0.51 EPS, down 10.53% or $0.06 from last year’s $0.57 per share. JWN’s profit will be $88.46 million for 26.14 P/E if the $0.51 EPS becomes a reality. After $0.67 actual EPS 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. $92 is the highest target while $34 is the lowest. The $52.68 average target is -1.20% below today’s ($53.32) stock price. 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) earned “Buy” rating by Stifel Nicolaus on Tuesday, September 15. The rating was maintained by Telsey Advisory Group with “Market Perform” on Friday, February 19. Credit Suisse maintained the stock with “Neutral” rating in Monday, October 12 report. As per Monday, March 7, the company rating was downgraded by Northcoast. PiperJaffray upgraded Nordstrom, Inc. (NYSE:JWN) on Tuesday, July 26 to “Overweight” rating. The firm has “Buy” rating by Stifel Nicolaus given on Friday, May 13. As per Friday, November 13, the company rating was maintained by Telsey Advisory Group. The firm earned “Buy” rating on Friday, February 19 by Topeka Capital Markets. The firm has “Buy” rating given on Thursday, June 16 by Maxim Group. The stock of Nordstrom, Inc. (NYSE:JWN) earned “Buy” rating by UBS on Tuesday, November 17.

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 increased, 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.
Moreover, Manufacturers Life Insur Company The has 0.01% invested in Nordstrom, Inc. (NYSE:JWN) for 217,464 shares. Blackrock reported 332,201 shares or 0.02% of all its holdings. Horizon Kinetics Ltd Co has 0.01% invested in the company for 11,422 shares. Engineers Gate Manager Limited Partnership reported 14,127 shares or 0.04% of all its holdings. Utah Retirement System, a Utah-based fund reported 22,479 shares. Smead Capital Mngmt accumulated 1.75% or 981,608 shares. Public Sector Pension Investment Board reported 24,327 shares or 0.01% of all its holdings. Finemark Commercial Bank Trust owns 3,514 shares or 0.01% of their US portfolio. Comerica Bancorp holds 0.01% or 31,037 shares in its portfolio. Nationwide Fund Advisors has 0.01% invested in the company for 51,140 shares. Cap Advisory has 10,301 shares for 0.08% of their US portfolio. Moreover, Parsec Fincl Management has 0.75% invested in Nordstrom, Inc. (NYSE:JWN) for 206,501 shares. Macquarie Group Limited accumulated 34,604 shares or 0% of the stock. Ally accumulated 0.11% or 17,575 shares. Pensionfund Dsm Netherlands holds 0.3% of its portfolio in Nordstrom, Inc. (NYSE:JWN) for 59,500 shares.

Insider Transactions: Since September 23, 2016, the stock had 0 buys, and 4 selling transactions for $1.53 million net activity. Shares for $676,810 were sold by LITTLE DANIEL F on Wednesday, October 5.

Nordstrom, Inc. is a fashion specialty retailer in the United States. The company has a market cap of $9.25 billion. The firm operates through two divisions: Retail and Credit. It has a 22.69 P/E ratio. The Retail segment includes approximately 115 Nordstrom branded full-line stores in the United States and, approximately 167 off-price Nordstrom Rack stores, two Canada full-line stores, and HauteLook, and other retail channels, including five Trunk Club showrooms and, its two Jeffrey boutiques and one clearance store that operates under the name Last Chance.

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, and 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.

More recent Nordstrom, Inc. (NYSE:JWN) news were published by: which released: “Nordstrom Becomes #7 Most Shorted S&P 500 Component, Replacing Harley-Davidson” on October 13, 2016. Also published the news titled: “Nordstrom: Racking It Up” on October 13, 2016.‘s news article titled: “Nordstrom Rack To Open In Lancaster, PA” with publication date: September 19, 2016 was also an interesting one.

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