As Nordstrom INC (JWN) Share Value Declined, Smith Asset Management Group LP Has Decreased Its Holding

Nordstrom, Inc. (NYSE:JWN) LogoInvestors sentiment decreased to 0.87 in 2019 Q1. Its down 0.02, from 0.89 in 2018Q4. It fall, as 54 investors sold JWN 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. Bartlett & Co Ltd Co invested 0% of its portfolio in Nordstrom, Inc. (NYSE:JWN). Disciplined Growth Invsts Mn owns 1.41M shares. Cognios Ltd Liability holds 0.79% or 50,215 shares. Alliancebernstein Lp accumulated 198,547 shares. Cibc Ww Corporation stated it has 0.01% in Nordstrom, Inc. (NYSE:JWN). Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Mngmt has invested 0% in Nordstrom, Inc. (NYSE:JWN). Parametric Portfolio Assoc Limited holds 0.02% of its portfolio in Nordstrom, Inc. (NYSE:JWN) for 516,069 shares. Ferguson Wellman Capital owns 6,180 shares for 0.01% of their portfolio. Sonata Group Inc Incorporated owns 0.19% invested in Nordstrom, Inc. (NYSE:JWN) for 5,848 shares. Hudock Capital Limited Company stated it has 0% of its portfolio in Nordstrom, Inc. (NYSE:JWN). Ameriprise Fin accumulated 62,119 shares. Whittier Co Of Nevada Inc reported 62 shares. Commerzbank Aktiengesellschaft Fi reported 6,112 shares. Connecticut-based Birinyi Associates has invested 0.15% in Nordstrom, Inc. (NYSE:JWN). Laffer Investments invested 0% in Nordstrom, Inc. (NYSE:JWN).

Smith Asset Management Group Lp decreased its stake in Nordstrom Inc (JWN) by 97.12% based on its latest 2019Q1 regulatory filing with the SEC. Smith Asset Management Group Lp sold 502,350 shares as the company’s stock declined 17.94% . The hedge fund held 14,900 shares of the consumer services company at the end of 2019Q1, valued at $669,000, down from 517,250 at the end of the previous reported quarter. Smith Asset Management Group Lp who had been investing in Nordstrom Inc for a number of months, seems to be less bullish one the $3.92 billion market cap company. The stock decreased 2.57% or $0.67 during the last trading session, reaching $25.35. About 6.26 million shares traded or 41.08% up from the average. Nordstrom, Inc. (NYSE:JWN) has declined 36.92% since August 15, 2018 and is downtrending. It has underperformed by 36.92% the S&P500.

Smith Asset Management Group Lp, which manages about $2.91B and $3.09 billion US Long portfolio, upped its stake in Biogen Inc (NASDAQ:BIIB) by 94,314 shares to 209,805 shares, valued at $49.55M in 2019Q1, according to the filing. It also increased its holding in Bank Of America Corp (NYSE:BAC) by 881,663 shares in the quarter, for a total of 883,954 shares, and has risen its stake in Facebook Inc (NASDAQ:FB).

Analysts await Nordstrom, Inc. (NYSE:JWN) to report earnings on August, 21 after the close. They expect $0.80 EPS, down 15.79 % or $0.15 from last year’s $0.95 per share. JWN’s profit will be $123.71M for 7.92 P/E if the $0.80 EPS becomes a reality. After $0.23 actual EPS reported by Nordstrom, Inc. for the previous quarter, Wall Street now forecasts 247.83 % EPS growth.

More notable recent Nordstrom, Inc. (NYSE:JWN) news were published by: Seekingalpha.com which released: “Department store sector rattled by soft Macy’s guidance – Seeking Alpha” on August 14, 2019, also 247Wallst.com with their article: “China Trade War Fallout Puts Dark Clouds Over Luxury Goods – 24/7 Wall St.” published on August 05, 2019, Seekingalpha.com published: “Kohl’s Could Be An Interesting Short-Term Value Realization Play, But I’m Bearish Long Term – Seeking Alpha” on August 08, 2019. More interesting news about Nordstrom, Inc. (NYSE:JWN) were released by: Finance.Yahoo.com and their article: “Why Myriad Genetics, Nordstrom, and Luckin Coffee Slumped Today – Yahoo Finance” published on August 14, 2019 as well as Seekingalpha.com‘s news article titled: “Barneys New York files for bankruptcy – Seeking Alpha” with publication date: August 06, 2019.

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 has $65 highest and $3700 lowest target. $49.14’s average target is 93.85% above currents $25.35 stock price. Nordstrom had 17 analyst reports since February 22, 2019 according to SRatingsIntel. Citigroup maintained the shares of JWN in report on Friday, March 1 with “Neutral” rating. On Friday, March 1 the stock rating was maintained by Deutsche Bank with “Hold”. The firm earned “Buy” rating on Monday, March 25 by UBS. Piper Jaffray maintained Nordstrom, Inc. (NYSE:JWN) on Friday, March 1 with “Hold” rating. Credit Suisse maintained it with “Hold” rating and $46 target in Friday, March 1 report. On Wednesday, April 10 the stock rating was upgraded by KeyBanc Capital Markets to “Overweight”.

Nordstrom, Inc. (NYSE:JWN) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.