Investors sentiment decreased to 0.87 in Q1 2019. Its down 0.02, from 0.89 in 2018Q4. It dived, as 54 investors sold Nordstrom, Inc. shares while 150 reduced holdings. 50 funds opened positions while 128 raised stakes. 91.49 million shares or 7.62% less from 99.03 million shares in 2018Q4 were reported.
Gulf Interest Comml Bank (Uk) Limited holds 27,884 shares. Hyman Charles D has 16,992 shares. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Inv has invested 0% in Nordstrom, Inc. (NYSE:JWN). Pnc Financial Gp holds 0% or 48,150 shares. Quantbot Tech Limited Partnership holds 0% or 337 shares. State Treasurer State Of Michigan stated it has 30,892 shares. New York State Teachers Retirement invested in 162,098 shares or 0.02% of the stock. Shell Asset Management Comm accumulated 8,750 shares or 0.01% of the stock. Stonebridge Limited Liability Company has 0.64% invested in Nordstrom, Inc. (NYSE:JWN) for 78,198 shares. Moreover, Andra Ap has 0.25% invested in Nordstrom, Inc. (NYSE:JWN) for 193,400 shares. Wellington Mgmt Llp reported 0% in Nordstrom, Inc. (NYSE:JWN). Royal London Asset Mngmt Ltd accumulated 52,882 shares or 0% of the stock. Riverhead Mgmt Limited Liability Company reported 0.01% in Nordstrom, Inc. (NYSE:JWN). Manufacturers Life Ins Co The reported 0.01% stake. Nuwave Investment Management Lc accumulated 2,036 shares.
The stock of Nordstrom, Inc. (NYSE:JWN) hit a new 52-week low and has $28.04 target or 6.00 % below today’s $29.83 share price. The 7 months bearish chart indicates high risk for the $4.61 billion company. The 1-year low was reported on Jul, 17 by Barchart.com. If the $28.04 price target is reached, the company will be worth $276.84M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.
The stock decreased 3.79% or $1.18 during the last trading session, reaching $29.83. About 3.83 million shares traded or 1.04% up from the average. Nordstrom, Inc. (NYSE:JWN) has declined 24.11% since July 17, 2018 and is downtrending. It has underperformed by 28.54% the S&P500.
Analysts await Nordstrom, Inc. (NYSE:JWN) to report earnings on August, 15. They expect $0.80 earnings per share, down 15.79 % or $0.15 from last year’s $0.95 per share. JWN’s profit will be $123.74M for 9.32 P/E if the $0.80 EPS becomes a reality. After $0.23 actual earnings per share reported by Nordstrom, Inc. for the previous quarter, Wall Street now forecasts 247.83 % EPS growth.
Nordstrom, Inc. (NYSE:JWN) Ratings Coverage
Among 6 analysts covering Nordstrom (NYSE:JWN), 2 have Buy rating, 0 Sell and 4 Hold. Therefore 33% are positive. Nordstrom had 17 analyst reports since February 22, 2019 according to SRatingsIntel. Credit Suisse maintained Nordstrom, Inc. (NYSE:JWN) on Friday, March 1 with “Hold” rating. The firm has “Hold” rating by Piper Jaffray given on Friday, March 1. The rating was maintained by UBS with “Buy” on Monday, March 25. Citigroup maintained the stock with “Neutral” rating in Friday, March 1 report. The company was upgraded on Wednesday, April 10 by KeyBanc Capital Markets. Deutsche Bank maintained Nordstrom, Inc. (NYSE:JWN) on Friday, March 1 with “Hold” rating.
More notable recent Nordstrom, Inc. (NYSE:JWN) news were published by: Benzinga.com which released: “Bulls And Bears Of The Week: Apple, Nike, Tesla, Uber And More – Benzinga” on July 06, 2019, also Seekingalpha.com with their article: “Buy Nordstrom While It’s On Sale – Seeking Alpha” published on June 24, 2019, Seekingalpha.com published: “Nordstrom Q1 2020 Earnings Preview – Seeking Alpha” on May 20, 2019. More interesting news about Nordstrom, Inc. (NYSE:JWN) were released by: Investorplace.com and their article: “6 Worst S&P 500 Stocks of 2019 (So Far) – Investorplace.com” published on June 26, 2019 as well as Finance.Yahoo.com‘s news article titled: “Hereâ€™s What Hedge Funds Think About Alaska Air Group, Inc. (ALK) – Yahoo Finance” with publication date: June 19, 2019.
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 $4.61 billion. It operates through two divisions, Retail and Credit. It has a 9.67 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.
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