Smith Asset Management Group LP Lowered Nordstrom INC (JWN) Stake by $22.10 Million; Valuation Declined

Nordstrom, Inc. (NYSE:JWN) LogoInvestors sentiment decreased to 0.87 in Q1 2019. Its down 0.02, from 0.89 in 2018Q4. It worsened, 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. 331,678 are held by California Employees Retirement Sys. Farmers & Merchants owns 0% invested in Nordstrom, Inc. (NYSE:JWN) for 48 shares. Korea has invested 0.04% in Nordstrom, Inc. (NYSE:JWN). Aperio Gru Limited Liability stated it has 0.02% of its portfolio in Nordstrom, Inc. (NYSE:JWN). Janney Montgomery Scott Ltd Liability Corp invested 0% in Nordstrom, Inc. (NYSE:JWN). Whittier Trust invested in 1,200 shares. Webster Bancorp N A stated it has 300 shares or 0% of all its holdings. Principal Fincl accumulated 481,646 shares or 0.02% of the stock. Mutual Of America Capital Management Ltd Liability Corp invested 0.01% of its portfolio in Nordstrom, Inc. (NYSE:JWN). Hbk Invests Limited Partnership stated it has 302,082 shares. Brighton Jones Ltd Co reported 19,191 shares or 0.1% of all its holdings. Citigroup has 181,675 shares. Sonata Grp reported 5,848 shares. Andra Ap has invested 0.25% in Nordstrom, Inc. (NYSE:JWN). Blair William Com Il has 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 $3.92B 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 Pra Health Sciences Inc by 121,026 shares to 128,815 shares, valued at $14.21M in 2019Q1, according to the filing. It also increased its holding in Csx Corp (NYSE:CSX) by 124,820 shares in the quarter, for a total of 242,270 shares, and has risen its stake in Zebra Technologies Cp (NASDAQ:ZBRA).

Analysts await Nordstrom, Inc. (NYSE:JWN) to report earnings on August, 21 after the close. They expect $0.80 earnings per share, 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 earnings per share 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: Finance.Yahoo.com which released: “Here’s What Hedge Funds Think About Nordstrom, Inc. (JWN) – Yahoo Finance” on June 19, 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, Finance.Yahoo.com published: “Some Nordstrom (NYSE:JWN) Shareholders Have Copped A Big 52% Share Price Drop – Yahoo Finance” on June 12, 2019. More interesting news about Nordstrom, Inc. (NYSE:JWN) were released by: Seekingalpha.com and their article: “Nordstrom Q1 2020 Earnings Preview – Seeking Alpha” published on May 20, 2019 as well as Nasdaq.com‘s news article titled: “Stock Market Today: Fed Cuts Rates, But Stocks Sell Off – Nasdaq” with publication date: July 31, 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. KeyBanc Capital Markets upgraded Nordstrom, Inc. (NYSE:JWN) on Wednesday, April 10 to “Overweight” rating. As per Friday, March 1, the company rating was maintained by Credit Suisse. The stock has “Hold” rating by Piper Jaffray on Friday, March 1. Citigroup maintained it with “Neutral” rating and $48 target in Friday, March 1 report. Deutsche Bank maintained the shares of JWN in report on Friday, March 1 with “Hold” rating. UBS maintained the stock with “Buy” rating in Monday, March 25 report.

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

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