Nordstrom, Inc. (NYSE:JWN) Short Interest Update

Nordstrom, Inc. (NYSE:JWN) was the recipient of a significant drop in short interest in the month of January. As of January 31st, there was short interest totalling 8,030,000 shares, a drop of 5.6% from the January 15th total of 8,510,000 shares. Approximately 9.0% of the shares of the company are short sold. Based on an average trading volume of 2,600,000 shares, the short-interest ratio is currently 3.1 days.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. CWM LLC grew its position in Nordstrom by 28.7% during the 3rd quarter. CWM LLC now owns 3,628 shares of the specialty retailer’s stock worth $82,000 after acquiring an additional 810 shares during the last quarter. Creative Planning boosted its stake in shares of Nordstrom by 22.9% during the third quarter. Creative Planning now owns 12,025 shares of the specialty retailer’s stock valued at $270,000 after purchasing an additional 2,238 shares during the period. Blue Trust Inc. grew its holdings in shares of Nordstrom by 57.7% in the third quarter. Blue Trust Inc. now owns 3,839 shares of the specialty retailer’s stock worth $81,000 after purchasing an additional 1,404 shares during the last quarter. Precision Wealth Strategies LLC purchased a new position in shares of Nordstrom in the third quarter worth $427,000. Finally, Brighton Jones LLC raised its holdings in Nordstrom by 125.0% during the 3rd quarter. Brighton Jones LLC now owns 36,241 shares of the specialty retailer’s stock valued at $815,000 after buying an additional 20,132 shares during the last quarter. Hedge funds and other institutional investors own 88.73% of the company’s stock.

Nordstrom Stock Up 0.0 %

Shares of NYSE:JWN opened at $24.33 on Thursday. The company has a debt-to-equity ratio of 2.65, a quick ratio of 0.35 and a current ratio of 1.14. The firm has a market capitalization of $4.01 billion, a PE ratio of 15.49 and a beta of 2.51. The firm has a fifty day moving average of $24.09 and a 200 day moving average of $23.13. Nordstrom has a 52-week low of $16.78 and a 52-week high of $24.99.

Nordstrom (NYSE:JWN) last issued its earnings results on Tuesday, November 26th. The specialty retailer reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.11. The business had revenue of $3.35 billion during the quarter, compared to analyst estimates of $3.34 billion. Nordstrom had a negative return on equity of 18.04% and a negative net margin of 1.57%. Nordstrom’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.25 earnings per share. As a group, research analysts anticipate that Nordstrom will post 1.97 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently issued reports on JWN. UBS Group upgraded Nordstrom from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $14.50 to $24.00 in a research note on Friday, January 10th. Barclays upped their price target on Nordstrom from $23.00 to $24.00 and gave the company an “equal weight” rating in a research report on Thursday, January 16th. Argus lowered shares of Nordstrom from a “buy” rating to a “sell” rating in a research report on Monday, December 30th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $24.00 price objective on shares of Nordstrom in a research note on Monday, January 13th. Finally, Evercore ISI increased their target price on shares of Nordstrom from $22.00 to $24.00 and gave the stock an “in-line” rating in a research note on Monday, January 13th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $22.17.

Nordstrom Company Profile

Nordstrom, Inc, a fashion retailer, provides apparels, shoes, beauty, accessories, and home goods for women, men, young adults, and children. It offers a range of brand-name and private-label merchandise through various channels, such as Nordstrom branded stores and online at Nordstrom.com; Nordstrom.ca; Nordstrom stores; Nordstrom Rack stores; Nordstrom Locals; ASOS; Nordstromrack.com; mobile application; and clearance stores under the Last Chance name.