J.P. Morgan Raises Rating of Nordstrom Inc (NYSE:JWN) To a Hold

April 21, 2018 - By Dolores Ford

Nordstrom, Inc. (NYSE:JWN) Logo

Investors sentiment decreased to 0.96 in 2017 Q4. Its down 0.18, from 1.14 in 2017Q3. It turned negative, as 68 investors sold Nordstrom, Inc. shares while 144 reduced holdings. 60 funds opened positions while 144 raised stakes. 92.34 million shares or 3.76% more from 88.99 million shares in 2017Q3 were reported.

Old Mutual Customised Solutions (Proprietary) reported 0.05% of its portfolio in Nordstrom, Inc. (NYSE:JWN). Pinnacle Assoc Ltd holds 0% of its portfolio in Nordstrom, Inc. (NYSE:JWN) for 5,357 shares. Hartford Inv invested in 23,897 shares or 0.02% of the stock. Oarsman Inc has 0.18% invested in Nordstrom, Inc. (NYSE:JWN). Parametric Port Assocs Limited invested 0.02% of its portfolio in Nordstrom, Inc. (NYSE:JWN). Shell Asset Mgmt Company holds 6,975 shares. Dean Assoc Ltd Liability holds 14,775 shares. 268,716 are owned by Aqr Mngmt. Brookstone Capital Mgmt accumulated 7,813 shares. Cambridge Invest Research Advsrs reported 0% of its portfolio in Nordstrom, Inc. (NYSE:JWN). Oppenheimer Asset Mgmt Inc has 0.02% invested in Nordstrom, Inc. (NYSE:JWN) for 14,747 shares. Spark Invest Mgmt Limited Liability reported 289,600 shares stake. Massmutual Tru Com Fsb Adv owns 6,545 shares. Ameritas Prns owns 2,778 shares. Amalgamated National Bank holds 0.03% in Nordstrom, Inc. (NYSE:JWN) or 25,208 shares.

Since April 11, 2018, it had 0 buys, and 4 selling transactions for $1.61 million activity. The insider Deputy Christine sold 8,122 shares worth $398,140. $490,200 worth of Nordstrom, Inc. (NYSE:JWN) shares were sold by Meden Scott A.

Nordstrom Inc (NYSE:JWN) Stock Upgrade

Nordstrom Inc (NYSE:JWN) Shares were raised by professional analysts at J.P. Morgan to a solid Hold rating in analysts report released on 2 January.

Investors sentiment decreased to 0.96 in 2017 Q4. Its down 0.18, from 1.14 in 2017Q3. It turned negative, as 68 investors sold Nordstrom, Inc. shares while 144 reduced holdings. 60 funds opened positions while 144 raised stakes. 92.34 million shares or 3.76% more from 88.99 million shares in 2017Q3 were reported.

Old Mutual Customised Solutions (Proprietary) reported 0.05% of its portfolio in Nordstrom, Inc. (NYSE:JWN). Pinnacle Assoc Ltd holds 0% of its portfolio in Nordstrom, Inc. (NYSE:JWN) for 5,357 shares. Hartford Inv invested in 23,897 shares or 0.02% of the stock. Oarsman Inc has 0.18% invested in Nordstrom, Inc. (NYSE:JWN). Parametric Port Assocs Limited invested 0.02% of its portfolio in Nordstrom, Inc. (NYSE:JWN). Shell Asset Mgmt Company holds 6,975 shares. Dean Assoc Ltd Liability holds 14,775 shares. 268,716 are owned by Aqr Mngmt. Brookstone Capital Mgmt accumulated 7,813 shares. Cambridge Invest Research Advsrs reported 0% of its portfolio in Nordstrom, Inc. (NYSE:JWN). Oppenheimer Asset Mgmt Inc has 0.02% invested in Nordstrom, Inc. (NYSE:JWN) for 14,747 shares. Spark Invest Mgmt Limited Liability reported 289,600 shares stake. Massmutual Tru Com Fsb Adv owns 6,545 shares. Ameritas Prns owns 2,778 shares. Amalgamated National Bank holds 0.03% in Nordstrom, Inc. (NYSE:JWN) or 25,208 shares.

Since April 11, 2018, it had 0 buys, and 4 selling transactions for $1.61 million activity. The insider Deputy Christine sold 8,122 shares worth $398,140. $490,200 worth of Nordstrom, Inc. (NYSE:JWN) shares were sold by Meden Scott A.

Nordstrom, Inc. (NYSE:JWN) Ratings Coverage

Among 14 analysts covering Nordstrom Inc (NYSE:JWN), 2 have Buy rating, 2 Sell and 10 Hold. Therefore 14% are positive. Nordstrom Inc has $60.0 highest and $35 lowest target. $47.67’s average target is 1.90% above currents $46.78 stock price. Nordstrom Inc had 25 analyst reports since October 30, 2017 according to SRatingsIntel. The company was maintained on Friday, November 10 by Bank of America. The firm earned “Neutral” rating on Friday, November 10 by Robert W. Baird. The rating was maintained by Piper Jaffray on Thursday, November 9 with “Hold”. The firm has “Neutral” rating given on Tuesday, January 2 by JP Morgan. The firm earned “Hold” rating on Friday, November 10 by BMO Capital Markets. The company was maintained on Monday, March 5 by BMO Capital Markets. As per Tuesday, January 23, the company rating was downgraded by William Blair. The stock has “Hold” rating by Susquehanna on Tuesday, January 23. The rating was maintained by Susquehanna on Wednesday, March 21 with “Hold”. The company was maintained on Monday, November 13 by BMO Capital Markets.

The stock increased 0.13% or $0.06 during the last trading session, reaching $46.78. About 1.33 million shares traded. Nordstrom, Inc. (NYSE:JWN) has risen 11.56% since April 21, 2017 and is uptrending. It has outperformed by 0.01% the S&P500.

Analysts await Nordstrom, Inc. (NYSE:JWN) to report earnings on May, 10. They expect $0.42 EPS, down 2.33 % or $0.01 from last year’s $0.43 per share. JWN’s profit will be $70.47M for 27.85 P/E if the $0.42 EPS becomes a reality. After $1.20 actual EPS reported by Nordstrom, Inc. for the previous quarter, Wall Street now forecasts -65.00 % negative EPS growth.

Nordstrom, Inc., a fashion specialty retailer, provides apparel, shoes, cosmetics, and accessories for women, men, young adults, and children in the United States and Canada. The company has market cap of $7.85 billion. It operates through two divisions, Retail and Credit. It has a 18.06 P/E ratio. The Retail segment offers a range of brand name and private label merchandise through various channels, including Nordstrom branded full-line stores and online store at Nordstrom.com; Nordstrom Rack stores; Nordstromrack.com and HauteLook; Trunk Club clubhouses and TrunkClub.com; Jeffrey boutiques; and clearance stores that operate under the Last Chance name.

Nordstrom, Inc. (NYSE:JWN) Institutional Positions Chart

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