Nordstrom, Inc.’s Stock Is Buy After Today’s Bullish Options Activity

 Nordstrom, Inc.'s Stock Is Buy After Today's Bullish Options Activity

In today’s session Nordstrom, Inc. (JWN) registered an unusually high (121) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious JWN increase. With 121 contracts traded and 6044 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: JWN161216C00062500 closed last at: $0.59 or 25.5% up. About 375,435 shares traded hands. Nordstrom, Inc. (NYSE:JWN) has risen 7.77% since April 20, 2016 and is uptrending. It has outperformed by 3.21% 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. Nordstrom Inc. has been the topic of 62 analyst reports since August 14, 2015 according to StockzIntelligence Inc. The firm earned “Neutral” rating on Friday, April 8 by JP Morgan. The company was maintained on Friday, August 14 by Macquarie Research. The firm has “Buy” rating given on Thursday, June 16 by Maxim Group. As per Friday, October 2, the company rating was maintained by Deutsche Bank. Barclays Capital maintained the stock with “Underweight” rating in Friday, November 13 report. The company was downgraded on Thursday, January 7 by Morgan Stanley. The stock has “Market Perform” rating given by Telsey Advisory Group on Friday, November 11. The company was maintained on Friday, November 13 by Stifel Nicolaus. The rating was maintained by Stifel Nicolaus with “Buy” on Friday, August 12. On Friday, February 19 the stock rating was maintained by Topeka Capital Markets with “Buy”.

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 decreased to 0.9 in 2016 Q2. Its down 0.16, from 1.06 in 2016Q1. The ratio dived, 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.
Rhumbline Advisers holds 0.02% of its portfolio in Nordstrom, Inc. (NYSE:JWN) for 217,057 shares. Ray Gerald L Assoc Limited accumulated 0.05% or 8,800 shares. Guardian Life Of America has 479 shares for 0% of their US portfolio. Investors Cap Advisory Services holds 0.08% of its portfolio in Nordstrom, Inc. (NYSE:JWN) for 10,301 shares. Nomura Holdings reported 9,100 shares or 0% of all its holdings. The United Kingdom-based Aberdeen Asset Management Public Limited Company Uk has invested 0% in Nordstrom, Inc. (NYSE:JWN). Calvert Management Incorporated has invested 0.02% of its portfolio in Nordstrom, Inc. (NYSE:JWN). The Massachusetts-based Welch & Forbes Limited Liability Corp has invested 0.01% in Nordstrom, Inc. (NYSE:JWN). Blackrock Mgmt Limited Liability Company has 264,196 shares for 0.01% of their US portfolio. Cambridge holds 0.02% or 19,049 shares in its portfolio. Honeywell Int Inc has 530,000 shares for 0.52% of their US portfolio. Hudock Grp Inc Limited Liability Company accumulated 110 shares or 0% of the stock. Focused Wealth Inc owns 426 shares or 0.01% of their US portfolio. Whitnell & Communications accumulated 0.47% or 37,641 shares. Moreover, Arizona State Retirement has 0.02% invested in Nordstrom, Inc. (NYSE:JWN) for 45,028 shares.

Insider Transactions: Since September 23, 2016, the stock had 0 insider purchases, and 7 selling transactions for $7.61 million net activity. NORDSTROM ERIK B sold $1.75 million worth of stock. 5,277 shares were sold by LITTLE DANIEL F, worth $290,235 on Friday, October 7. NORDSTROM PETER E had sold 29,992 shares worth $1.75 million on Friday, November 11. 42,847 Nordstrom, Inc. (NYSE:JWN) shares with value of $2.57M were sold by NORDSTROM BLAKE W.

Nordstrom, Inc. is a fashion specialty retailer in the United States. The company has a market cap of $10.20 billion. The firm operates through two divisions: Retail and Credit. It has a 31.22 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: Nasdaq.com which released: “Nordstrom, Inc. (JWN) Stock: The Best Play in Retail” on November 18, 2016, also Businesswire.com published article titled: “Nordstrom Board of Directors Approves Quarterly Dividend”, Nasdaq.com published: “Nordstrom Inc. Q3 Profit Advances 83%” on November 10, 2016. More interesting news about Nordstrom, Inc. (NYSE:JWN) was released by: Prnewswire.com and their article: “Nordstrom Rack To Open In Novato, Calif.” with publication date: November 18, 2016.

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