Nordstrom, Inc. Unusual Bearish Options Activity Means Higher Risks

 Nordstrom, Inc. Unusual Bearish Options Activity Means Higher Risks

In today’s session Nordstrom, Inc. (JWN) recorded an unusually high (2,166) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the November, 2016 put, expecting serious JWN decrease. With 2,166 contracts traded and 44504 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: JWN161118P00052500 closed last at: $2.52 or 13.7% down. About 4.99 million shares traded hands or 68.01% up from the average. Nordstrom, Inc. (NYSE:JWN) has risen 10.21% since April 11, 2016 and is uptrending. It has outperformed by 4.06% the S&P500.

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. $92 is the highest target while $34 is the lowest. The $53.58 average target is -3.62% below today’s ($55.59) stock price. Nordstrom Inc. has been the topic of 62 analyst reports since August 14, 2015 according to StockzIntelligence Inc. Citigroup maintained it with “Neutral” rating and $50 target price in Friday, August 12 report. Stifel Nicolaus maintained it with “Buy” rating and $60.0 target price in Wednesday, December 23 report. The firm has “Overweight” rating by PiperJaffray given on Tuesday, July 26. Guggenheim initiated Nordstrom, Inc. (NYSE:JWN) rating on Tuesday, November 10. Guggenheim has “Buy” rating and $76 price target. The stock has “Buy” rating given by Piper Jaffray on Friday, August 14. The company was maintained on Monday, October 12 by Credit Suisse. Barclays Capital maintained the stock with “Underweight” rating in Friday, November 13 report. On Friday, April 8 the stock rating was maintained by JP Morgan with “Neutral”. The firm has “Market Perform” rating by Telsey Advisory Group given on Friday, November 13. The stock of Nordstrom, Inc. (NYSE:JWN) has “Buy” rating given on Friday, May 13 by Topeka Capital Markets.

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 improved, 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.
Nexus Inv Management Inc last reported 0.05% of its portfolio in the stock. Engineers Gate Manager Limited Partnership reported 14,127 shares or 0.04% of all its holdings. Eaton Vance Management holds 0.01% or 73,435 shares in its portfolio. Weiss Multi accumulated 30,415 shares or 0.09% of the stock. Grp Inc One Trading L P has 0% invested in the company for 4,705 shares. The California-based Apriem Advisors has invested 0% in Nordstrom, Inc. (NYSE:JWN). United Ser Automobile Association accumulated 0.01% or 39,772 shares. Ls Inv owns 9,197 shares or 0.02% of their US portfolio. Parsec Mngmt Inc holds 0.75% or 206,501 shares in its portfolio. State Board Of Administration Of Florida Retirement Systems last reported 186,026 shares in the company. Lazard Asset Management Limited Liability Company has 0.02% invested in the company for 238,179 shares. Moreover, Moreno Evelyn V has 1.21% invested in Nordstrom, Inc. (NYSE:JWN) for 84,030 shares. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Mngmt accumulated 6,800 shares or 0% of the stock. Private Trust Na, a Ohio-based fund reported 7,498 shares. Advantus Cap Mngmt last reported 12,379 shares in the company.

Insider Transactions: Since September 23, 2016, the stock had 0 insider purchases, and 4 selling transactions for $1.53 million net activity. $284,580 worth of Nordstrom, Inc. (NYSE:JWN) shares were sold by LITTLE DANIEL F.

Nordstrom, Inc. is a fashion specialty retailer in the United States. The company has a market cap of $10.33 billion. The firm operates through two divisions: Retail and Credit. It has a 23.65 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.

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.

More important recent Nordstrom, Inc. (NYSE:JWN) news were published by: Wsj.com which released: “Nordstrom Reports Higher Sales” on November 10, 2016, also Nasdaq.com published article titled: “Nordstrom Inc. Q3 Profit Advances 83%”, Nasdaq.com published: “Earnings Reaction History: Nordstrom Inc., 45.5% Follow-Through Indicator, 6.5 …” on November 10, 2016. More interesting news about Nordstrom, Inc. (NYSE:JWN) was released by: Forbes.com and their article: “Nordstrom Becomes #7 Most Shorted S&P 500 Component, Replacing Harley-Davidson” with publication date: October 13, 2016.

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