Nordstrom, Inc. (NYSE:JWN) marched up 34.07% compared to a 52-week low price of $37.79. The shares were last seen trading -2.14% lower, taking the closing price at $50.67 on 07/02/2018. At recent session, the prices were hovering between $49.13 and $50.71. This company shares are 4.1% off its target price of $52.75 and the current market capitalization stands at $8.41B. The recent change has given its price a 1.38% lead over SMA 50 and -6.17% deficit over its 52-week high. The stock witnessed 2.18% gains, 5.12% gains and 6.94% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found JWN’s volatility during a week at 2.56% and during a month it has been found around 2.45%.Nordstrom, Inc. (JWN) Top Holders
Institutional investors currently hold around $5.03 billion or 59.9% in JWN stock. Look at its top three institutional owners. Vanguard Group Inc owns $626.21 million in Nordstrom, Inc., which represents roughly 7.45% of the company’s market cap and approximately 12.46% of the institutional ownership. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 8,339,558 shares of the stock are valued at $431.82 million. The third largest holder is Bank Of New York Mellon Corp, which currently holds $422.19 million worth of this stock and that ownership represents nearly 5.02% of its market capitalization.
At the end of March reporting period, 244 institutional holders increased their position in Nordstrom, Inc. (NYSE:JWN) by some 10,368,138 shares, 248 decreased positions by 11,512,702 and 110 held positions by 75,207,695. That puts total institutional holdings at 97,088,535 shares, according to SEC filings. The stock grabbed 83 new institutional investments totaling 3,738,671 shares while 52 institutional investors sold out their entire positions totaling 2,842,838 shares.Nordstrom, Inc. (NYSE:JWN) Insider Trades
Multiple company employees have indulged in significant insider trading. Nordstrom, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that President, Stores Nordstrom James F Jr has sold 37,880 shares of Nordstrom, Inc. (JWN) in trading session dated Jun. 29, 2018. These shares are worth $1,990,594 and were traded at $52.55 each. The SEC filing shows that Nordstrom Erik B performed a sale of 3,379 shares. The Co-President disposed these shares by way of transaction on Jun. 11, 2018. The company’s shares were given away at $53 per share worth to an income of some $179,087 on account of Nordstrom Erik B.
Co-President, Nordstrom Peter E, sold 3,379 common shares of Nordstrom, Inc. (JWN) in the open market. In a transaction dated Jun. 11, 2018, the shares were put up for sale at an average price of $53.01, raking in a sum of $179,121. After this sale, 2,608,078 common shares of JWN are directly owned by the insider, with total stake valued at $132,151,312.
In the transaction dated May. 29, 2018, the great number of shares disposed came courtesy the President, Nordstrom.com; Worzel Ken disposed a total of 289 shares at an average price of $48.69, amounting to approximately $14,071. The insider now directly owns 127,919 shares worth $6,481,656.
Several analysts have released their opinion on Nordstrom, Inc. (NYSE:JWN), with 4 analysts believing it is a strong buy. Whereas 6 of them predict the stock is a hold. Also, there are 0 buy, 1 sell and 1 strong sell ratings, collectively assigning a 2.58 average brokerage recommendation.