50 Institutional Investors Exited Positions In Nordstrom, Inc. (JWN)

Nordstrom, Inc. (NYSE:JWN) went up to recover about 32.99% since recording its record low price of $37.79. The stock experienced -4.1% slump, arriving at $50.26 on 08/01/2018. During the day, the stock price traveled from $50.16 to $52.23. This company shares are 5.07% off its target price of $52.81 and the current market capitalization stands at $8.65B. The recent change has given its price a -2.35% deficit over SMA 50 and -7.97% deficit over its 52-week high. The stock witnessed -0.89% declines, 0.12% gains and 1.93% 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 2.71% and during a month it has been found around 2.62%.

Nordstrom, Inc. (JWN) Top Holders

Institutional investors currently hold around $5.06 billion or 59.8% in JWN stock. Look at its top three institutional owners. Vanguard Group Inc owns $633.83 million in Nordstrom, Inc., which represents roughly 7.33% of the company’s market cap and approximately 12.52% 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 $437.08 million. The third largest holder is Bank Of New York Mellon Corp, which currently holds $427.32 million worth of this stock and that ownership represents nearly 4.94% of its market capitalization.

Nordstrom, Inc. 13F Filings

At the end of March reporting period, 239 institutional holders increased their position in Nordstrom, Inc. (NYSE:JWN) by some 10,060,786 shares, 249 decreased positions by 12,162,841 and 116 held positions by 74,355,688. That puts total institutional holdings at 96,579,315 shares, according to SEC filings. The stock grabbed 90 new institutional investments totaling 4,033,472 shares while 50 institutional investors sold out their entire positions totaling 3,203,727 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 Co-President Nordstrom Peter E has sold 118,161 shares of Nordstrom, Inc. (JWN) in trading session dated Jul. 09, 2018. These shares are worth $6,294,436 and were traded at $53.27 each. The SEC filing shows that Nordstrom Erik B performed a sale of 118,161 shares. The Co-President disposed these shares by way of transaction on Jul. 06, 2018. The company’s shares were given away at $54.01 per share worth to an income of some $6,381,876 on account of Nordstrom Erik B.

President, Stores, Nordstrom James F Jr, sold 2,874 common shares of Nordstrom, Inc. (JWN) in the open market. In a transaction dated Jul. 05, 2018, the shares were put up for sale at an average price of $52.51, raking in a sum of $150,914. After this sale, 748,642 common shares of JWN are directly owned by the insider, with total stake valued at $37,626,747.

In the transaction dated Jun. 29, 2018, the great number of shares disposed came courtesy the President, Stores; Nordstrom James F Jr disposed a total of 37,880 shares at an average price of $52.55, amounting to approximately $1,990,594. The insider now directly owns 748,590 shares worth $37,624,133.

Nordstrom, Inc. (JWN) Analyst Guide

Several analysts have released their opinion on Nordstrom, Inc. (NYSE:JWN), with 3 analysts believing it is a strong buy. Whereas 8 of them predict the stock is a hold. Also, there are 0 buy, 1 sell and 1 strong sell ratings, collectively assigning a 2.77 average brokerage recommendation.