Stock Buzzer: After Today’s Significant Increase, Is Nordstrom, Inc.’s Near-Term Analysis Positive?

Stock Buzzer: After Today's Significant Increase, Is Nordstrom, Inc.'s Near Term Analysis Positive?

The stock of Nordstrom, Inc. (NYSE:JWN) is a huge mover today! About 3.69M shares traded hands or 37.69% up from the average. Nordstrom, Inc. (NYSE:JWN) has risen 2.25% since April 8, 2016 and is uptrending. It has underperformed by 3.40% the S&P500.
The move comes after 8 months positive chart setup for the $9.91 billion company. It was reported on Nov, 10 by Barchart.com. We have $93.80 PT which if reached, will make NYSE:JWN worth $6.44B more.

Nordstrom, Inc. (NYSE:JWN) Ratings Coverage

Out of 21 analysts covering Nordstrom Inc. (NYSE:JWN), 7 rate it a “Buy”, 3 “Sell”, while 11 “Hold”. This means 33% are positive. Nordstrom Inc. has been the topic of 60 analyst reports since August 14, 2015 according to StockzIntelligence Inc. The stock of Nordstrom, Inc. (NYSE:JWN) earned “Sell” rating by Northcoast on Monday, March 7. On Friday, November 13 the stock rating was maintained by Stifel Nicolaus with “Buy”. The stock has “Neutral” rating given by Credit Suisse on Monday, October 12. Telsey Advisory Group maintained Nordstrom, Inc. (NYSE:JWN) rating on Friday, November 13. Telsey Advisory Group has “Market Perform” rating and $57 price target. Guggenheim initiated the stock with “Buy” rating in Tuesday, November 10 report. The firm has “Neutral” rating by Piper Jaffray given on Monday, March 21. The rating was upgraded by Northcoast to “Neutral” on Monday, May 16. Telsey Advisory Group maintained the stock with “Market Perform” rating in Friday, February 19 report. UBS maintained Nordstrom, Inc. (NYSE:JWN) rating on Tuesday, November 17. UBS has “Buy” rating and $63 price target. The firm has “Market Perform” rating by Telsey Advisory Group given on Friday, August 12.

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 2016 Q2. Its up 0.09, from 0.97 in 2016Q1. The ratio is positive, 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.
Pnc Fincl Ser Grp Inc Incorporated has 104,379 shares for 0% of their US portfolio. Westport Res Management has 0.39% invested in the company for 32,075 shares. Suntrust Banks holds 14,977 shares or 0% of its portfolio. Northern Tru holds 1.81 million shares or 0.02% of its portfolio. Whittier Tru Company Of Nevada accumulated 5,759 shares or 0.03% of the stock. Grimes Incorporated, a Massachusetts-based fund reported 108,512 shares. Whitnell And Company holds 0.47% or 37,641 shares in its portfolio. Cibc Asset has invested 0% of its portfolio in Nordstrom, Inc. (NYSE:JWN). Moreover, Westwood Grp Inc has 0.11% invested in Nordstrom, Inc. (NYSE:JWN) for 320,010 shares. Guggenheim Capital Lc accumulated 0.07% or 558,961 shares. Finemark Comml Bank And Tru has 3,514 shares for 0.01% of their US portfolio. The California-based Tcw Gp has invested 0% in Nordstrom, Inc. (NYSE:JWN). Da Davidson Co has 476,947 shares for 0.53% of their US portfolio. Moreover, Anderson Hoagland Com has 0.34% invested in Nordstrom, Inc. (NYSE:JWN) for 14,590 shares. Jnba Fin Advsrs last reported 0% of its portfolio in the stock.

Insider Transactions: Since September 23, 2016, the stock had 0 buys, and 4 selling transactions for $1.53 million net activity. LITTLE DANIEL F also sold $290,235 worth of Nordstrom, Inc. (NYSE:JWN) on Friday, October 7.

Another recent and important Nordstrom, Inc. (NYSE:JWN) news was published by Forbes.com which published an article titled: “Nordstrom Becomes #7 Most Shorted S&P 500 Component, Replacing Harley-Davidson” on October 13, 2016.

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 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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