Nordstrom INC (Call) (JWN) Holder Avalon Global Asset Management LLC Lifted Stake by $7.05 Million as Share Price Declined

April 23, 2018 - By Henry Gaston

Nordstrom, Inc. (NYSE:JWN) LogoInvestors sentiment decreased to 0.96 in 2017 Q4. Its down 0.18, from 1.14 in 2017Q3. It dropped, as 68 investors sold JWN shares while 144 reduced holdings. 60 funds opened positions while 144 raised stakes. 92.34 million shares or 3.76% more from 88.99 million shares in 2017Q3 were reported. Quantbot Techs LP accumulated 8,596 shares. Nomura Inc has 0% invested in Nordstrom, Inc. (NYSE:JWN) for 30,366 shares. State Teachers Retirement Systems stated it has 0.02% in Nordstrom, Inc. (NYSE:JWN). Tradewinds Mngmt Ltd Limited Liability Company holds 9,695 shares. Great West Life Assurance Can accumulated 0.01% or 106,191 shares. Johnson Invest Counsel Incorporated holds 0.01% or 8,111 shares in its portfolio. Panagora Asset Incorporated has 0% invested in Nordstrom, Inc. (NYSE:JWN) for 11,058 shares. The California-based Nelson Roberts Advisors Limited Liability Corporation has invested 0.01% in Nordstrom, Inc. (NYSE:JWN). Pennsylvania-based Glenmede Trust Na has invested 0.02% in Nordstrom, Inc. (NYSE:JWN). Commerzbank Aktiengesellschaft Fi holds 27,175 shares. Bluecrest Cap Mngmt has invested 0.02% in Nordstrom, Inc. (NYSE:JWN). Rhumbline Advisers has invested 0.02% of its portfolio in Nordstrom, Inc. (NYSE:JWN). Brown Brothers Harriman invested in 0% or 44 shares. Meeder Asset stated it has 16,794 shares. Bnp Paribas Arbitrage Sa reported 240,485 shares.

Since April 11, 2018, it had 0 insider purchases, and 4 sales for $1.61 million activity. Deputy Christine sold $398,140 worth of Nordstrom, Inc. (NYSE:JWN) on Thursday, April 12. The insider Worzel Ken sold 1,000 shares worth $47,530.

Avalon Global Asset Management Llc increased its stake in Nordstrom Inc (Call) (JWN) by 300% based on its latest 2017Q4 regulatory filing with the SEC. Avalon Global Asset Management Llc bought 150,000 shares as the company’s stock declined 0.36% with the market. The hedge fund held 200,000 shares of the consumer services company at the end of 2017Q4, valued at $9.48 million, up from 50,000 at the end of the previous reported quarter. Avalon Global Asset Management Llc who had been investing in Nordstrom Inc (Call) for a number of months, seems to be bullish on the $7.85 billion market cap company. The stock increased 0.13% or $0.06 during the last trading session, reaching $46.78. About 1.33 million shares traded. Nordstrom, Inc. (NYSE:JWN) has risen 11.56% since April 23, 2017 and is uptrending. It has outperformed by 0.01% the S&P500.

Nordstrom, Inc. (NYSE:JWN) Ratings Coverage

Among 14 analysts covering Nordstrom Inc (NYSE:JWN), 2 have Buy rating, 2 Sell and 10 Hold. Therefore 14% are positive. Nordstrom Inc has $60.0 highest and $35 lowest target. $47.67’s average target is 1.90% above currents $46.78 stock price. Nordstrom Inc had 25 analyst reports since October 30, 2017 according to SRatingsIntel. BMO Capital Markets maintained Nordstrom, Inc. (NYSE:JWN) on Friday, November 10 with “Hold” rating. UBS maintained it with “Neutral” rating and $43 target in Friday, November 10 report. The stock has “Hold” rating by William Blair on Tuesday, January 23. The company was maintained on Wednesday, January 10 by KeyBanc Capital Markets. RBC Capital Markets maintained the shares of JWN in report on Friday, November 10 with “Hold” rating. BMO Capital Markets maintained it with “Market Perform” rating and $44 target in Monday, November 13 report. The firm has “Hold” rating by Robert W. Baird given on Monday, October 30. The stock of Nordstrom, Inc. (NYSE:JWN) earned “Outperform” rating by KeyBanc Capital Markets on Friday, November 10. Robert W. Baird maintained the stock with “Neutral” rating in Friday, March 2 report. On Friday, March 2 the stock rating was maintained by RBC Capital Markets with “Hold”.

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

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