Evergreen Capital Management LLC Stake in Nordstrom INC (JWN) Has Decreased by $3.40 Million as Valuation Declined

October 12, 2017 - By Linda Rogers

Investors sentiment decreased to 0.84 in 2017 Q2. Its down 0.03, from 0.87 in 2017Q1. It dropped, as 59 investors sold JWN shares while 179 reduced holdings. 72 funds opened positions while 128 raised stakes. 92.48 million shares or 1.86% less from 94.23 million shares in 2017Q1 were reported. Proshare Advisors Limited reported 25,070 shares. Patten Patten Inc Tn holds 0.05% in Nordstrom, Inc. (NYSE:JWN) or 9,525 shares. Bingham Osborn Scarborough Ltd reported 0.02% stake. Moreover, Raymond James Advisors Inc has 0.01% invested in Nordstrom, Inc. (NYSE:JWN) for 44,068 shares. Ariel Invs Lc reported 1.20 million shares. Ardevora Asset Ltd Liability Partnership has invested 0.94% in Nordstrom, Inc. (NYSE:JWN). Goldman Sachs Grp owns 1.19M shares for 0.01% of their portfolio. Tarbox Family Office holds 14 shares or 0% of its portfolio. Baker Ellis Asset Lc invested in 1.08% or 82,243 shares. Tobam reported 179,842 shares. North Star Management reported 714 shares or 0% of all its holdings. Azimuth Management Limited Liability owns 8,065 shares. Cibc Ww Markets, New York-based fund reported 15,726 shares. Ing Groep Nv, a Netherlands-based fund reported 6,189 shares. Whitnell And invested in 0.73% or 34,623 shares.

Evergreen Capital Management Llc decreased its stake in Nordstrom Inc (JWN) by 45.87% based on its latest 2017Q2 regulatory filing with the SEC. Evergreen Capital Management Llc sold 72,311 shares as the company’s stock declined 10.77% while stock markets rallied. The institutional investor held 85,342 shares of the consumer services company at the end of 2017Q2, valued at $4.08 million, down from 157,653 at the end of the previous reported quarter. Evergreen Capital Management Llc who had been investing in Nordstrom Inc for a number of months, seems to be less bullish one the $7.01B market cap company. The stock declined 1.56% or $0.67 reaching $42.25 per share. About 1.42 million shares traded. Nordstrom, Inc. (NYSE:JWN) has risen 9.86% since October 12, 2016 and is uptrending. It has underperformed by 6.84% the S&P500.

Evergreen Capital Management Llc, which manages about $620.19M US Long portfolio, upped its stake in Ngl Energy Partners Lp (NYSE:NGL) by 459,140 shares to 593,090 shares, valued at $8.30M in 2017Q2, according to the filing. It also increased its holding in Jpmorgan Chase & Co (AMJ) by 568,945 shares in the quarter, for a total of 1.27 million shares, and has risen its stake in Buckeye Partners LP (NYSE:BPL).

Analysts await Nordstrom, Inc. (NYSE:JWN) to report earnings on November, 9. They expect $0.64 EPS, down 23.81 % or $0.20 from last year’s $0.84 per share. JWN’s profit will be $106.16 million for 16.51 P/E if the $0.64 EPS becomes a reality. After $0.65 actual EPS reported by Nordstrom, Inc. for the previous quarter, Wall Street now forecasts -1.54 % negative EPS growth.

More notable recent Nordstrom, Inc. (NYSE:JWN) news were published by: Latimes.com which released: “Nordstrom’s newest store aims for a personal touch — and no clothing racks” on October 07, 2017, also Fool.com with their article: “Why Nordstrom, Inc. Stock Plunged Today” published on October 02, 2017, Fool.com published: “Why Nordstrom, Inc. Stock Popped Today” on September 13, 2017. More interesting news about Nordstrom, Inc. (NYSE:JWN) were released by: Seekingalpha.com and their article: “Nordstrom: Strike When The Iron Is Hot” published on September 29, 2017 as well as Wsj.com‘s news article titled: “Nordstrom Family Scrambles to Save Buyout Plans” with publication date: October 06, 2017.

Nordstrom, Inc. (NYSE:JWN) Ratings Coverage

Among 29 analysts covering Nordstrom Inc. (NYSE:JWN), 8 have Buy rating, 6 Sell and 15 Hold. Therefore 28% are positive. Nordstrom Inc. had 89 analyst reports since August 14, 2015 according to SRatingsIntel. As per Monday, May 16, the company rating was upgraded by Northcoast. The firm has “Hold” rating given on Tuesday, October 3 by RBC Capital Markets. The rating was maintained by Telsey Advisory Group with “Market Perform” on Friday, August 12. The stock of Nordstrom, Inc. (NYSE:JWN) earned “Neutral” rating by Goldman Sachs on Friday, October 23. As per Friday, August 12, the company rating was maintained by Deutsche Bank. The firm earned “Hold” rating on Tuesday, July 25 by Piper Jaffray. The firm has “Hold” rating given on Tuesday, January 17 by Stifel Nicolaus. Stifel Nicolaus maintained the shares of JWN in report on Wednesday, December 23 with “Buy” rating. The stock of Nordstrom, Inc. (NYSE:JWN) earned “Hold” rating by RBC Capital Markets on Tuesday, August 29. Cowen & Co maintained Nordstrom, Inc. (NYSE:JWN) rating on Friday, August 11. Cowen & Co has “Buy” rating and $4900 target.

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