Nordstrom stock soars on news that department store could go private

REUTERS  Rick Wilking  File

As recently as 2015, the stock was trading at $80 a share.

Currently, the market capitalization of Nordstrom Inc. The company reported an overall 37 percent jump in profit at its department stores in the most recent quarter, but sales at established stores across the chain declined 0.8 percent. As of the last earnings report the EPS was $2.14 and is projected to be $2.95 for the current year with 166,000,000 shares outstanding. Deere & Co Com now has $40.29 billion valuation. The stock has relative volume of 0.75. About 18.87M shares traded or 464.97% up from the average. Nordstrom, Inc. (NYSE:JWN) has risen 9.86% since June 7, 2016 and is uptrending.

Nordstrom Inc. (JWN) belongs to the "Services" sector with an industry focus on "Apparel Stores", with Mr. Blake W. Nordstrom as Co-Pres and Director. The company has market cap of $7.48 billion.

With brick-and-mortar locations underperforming across many brands, digital players are gaining market share, Credit Suisse analyst Christian Buss explained in a note describing retail's "tumultuous 12 months". It has a 19.01 P/E ratio.

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Nordstrom now operates 354 stores in 40 states, including 122 full-line stores in the United States, Canada and Puerto Rico; 221 Nordstrom Rack stores; two Jeffrey boutiques; and two clearance stores. The company has Beta Value of 0.82 and ATR value of 1.33. 23,161,854 shares of the company were exchanged. Granite Investment Ptnrs Ltd Liability invested in 549,991 shares. Pinnacle Associates accumulated 15,806 shares. Asset One Ltd has 0.03% invested in Nordstrom, Inc. (NYSE:JWN) has confirmed it is indeed considering taking the company private. Blue Chip Ptnrs holds 0.3% or 16,015 shares. (NYSE:JWN) or 10,329 shares. Mackenzie Financial Corp stated it has 256,506 shares. Estabrook Management invested 0% in Nordstrom, Inc. On September 30 analysts at Guggenheim Securities started covering JWN by announcing an initial rating of "Buy". Therefore 36% are positive. Susquehanna Bancshares Inc started coverage on Nordstrom in a research report on Friday, February 10th. Maxim Group reinitiated Nordstrom, Inc. The stock now has a consensus rating of "Hold" and a consensus target price of $47.10. (NYSE:JWN) shares. Shares for $5.09 million were sold by KOPPEL MICHAEL G on Tuesday, December 13. (NYSE:JWN) earned "Hold" rating by Deutsche Bank on Monday, October 31.

Since December 12, 2016, it had 0 insider purchases, and 10 insider sales for $10.66 million activity. Insiders own 7.03% of the company's stock. (NYSE:JWN) were released by: Nasdaq.com and their article: "Nordstrom Inc".

During last 5 trades the stock sticks nearly -1.93%. Ledyard National Bank now owns 2,362 shares of the specialty retailer's stock worth $110,000 after buying an additional 1,758 shares during the last quarter.

Investors sentiment decreased to 1.08 in Q4 2016. Its down 0.09, from 0.9 in 2016Q3. It increased, as 42 investors sold DE shares while 337 reduced holdings. Ledyard Bancshares reported 604 shares. The average analysts gave this company a mean recommendation of 3.10. The debt-to-equity ratio (D/E) was recorded at 0.00. Bnp Paribas Arbitrage Sa reported 11,731 shares. Institutional investors own 66.03% of the company's stock. (NYSE:JWN). Enterprise Financial Svcs Corporation holds 0% of its portfolio in Nordstrom, Inc. About 6.21 million shares traded. Traders acquired 2,004 put options on the company.

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