Published: Sat, June 10, 2017
Markets | By Erika Turner

Stock Chalking up Significant Action in Session: Nordstrom, Inc. (NYSE:JWN)

Stock Chalking up Significant Action in Session: Nordstrom, Inc. (NYSE:JWN)

Vetr downgraded shares of Nordstrom, Inc. Insiders sold 13,889 shares of company stock valued at $635,298 over the last three months.

The firm believes JWN would have to make a compelling case to a sponsor/creditor that the market is significantly underestimating the EBITDA trajectory in its 5-year LBO scenario (which assumes +3.4% rev and +4.3% EBIT 5-yr CAGRs... both are slightly aggressive given industry trends today).

Several analysts have issued reports on the stock. Susquehanna Bancshares Inc assumed coverage on Nordstrom in a research note on Friday, February 10th. They set a "neutral" rating and a $47.00 target price on the stock. The company has an average rating of "Hold" and a consensus price target of $47.10. Zacks Investment Research upgraded shares of Nordstrom from a strong sell rating to a hold rating in a report on Tuesday, February 28th. A stock rating will generally tell the investor how well a stock's market value relates to what analysts believe is a fair value for the stock, based on an objective evaluation of the company.

Nordstrom's stock price jumped by 16 per cent Thursday morning on the news. Also, President Blake W. Nordstrom sold 1,905 shares of the firm's stock in a transaction on Monday, March 6th. The shares were sold at an average price of $47.01, for a total value of $348,955.23. Following the completion of the sale, the president now owns 2,140,587 shares in the company, valued at $93,757,710.60. The disclosure for this sale can be found here. Tightening the gaze, stock performance for the last 5 trading days is 4.08%.

The company is unchanged from yesterday's close of $40.48.

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A number of research analysts have recently commented on the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Nordstrom by 0.3% in the fourth quarter.

As the retail sector faces major upheaval and falling share prices due to the growth of e-commerce, Nordstrom announced it had formed a special committee and hired legal and financial advisors to look into the option of delisting from the stock exchange. Mosaic Family Wealth LLC raised its stake in Nordstrom by 3.8% in the first quarter. Following the transaction, the insider now directly owns 76,371 shares in the company, valued at $3,590,200.71. Ledyard National Bank increased its position in Nordstrom by 291.1% in the first quarter. Gemmer Asset Management LLC now owns 2,252 shares of the specialty retailer's stock valued at $105,000 after buying an additional 18 shares in the last quarter. Advisory Services Network LLC acquired a new stake in Nordstrom during the first quarter valued at approximately $113,000. State Street Corp boosted its stake in shares of Nordstrom by 2.6% in the first quarter. Mosaic Family Wealth LLC now owns 2,953 shares of the specialty retailer's stock valued at $138,000 after buying an additional 109 shares during the last quarter.

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Earnings per share (EPS) breaks down the profitability of the company on a single share basis, and for Nordstrom Inc. the EPS stands at 0.37 for the previous quarter, while the analysts predicted the EPS of the stock to be 0.27, suggesting the stock exceeded the analysts' expectations. The stock rose 2.59% or $0.65 reaching $25.72 per share. Nordstrom has a 12 month low of $35.01 and a 12 month high of $62.82. The stock has a market capitalization of $7.83 billion, a P/E ratio of 22.08 and a beta of 1.01.

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