Nordstrom, Inc. (JWN) Reaches $51.82 After 7.00% Up Move; Fiduciary Management Cut 21St Century Fox (FOX) Position By $6.26 Million

January 14, 2018 - By Michael Collier

The stock of Nordstrom, Inc. (NYSE:JWN) is a huge mover today! The stock increased 3.45% or $1.73 during the last trading session, reaching $51.82. About 5.20M shares traded or 103.46% up from the average. Nordstrom, Inc. (NYSE:JWN) has risen 9.86% since January 14, 2017 and is uptrending. It has underperformed by 6.84% the S&P500.The move comes after 5 months positive chart setup for the $8.63 billion company. It was reported on Jan, 14 by Barchart.com. We have $55.45 PT which if reached, will make NYSE:JWN worth $604.24M more.

Fiduciary Management Inc decreased 21St Century Fox (FOX) stake by 1.88% reported in 2017Q3 SEC filing. Fiduciary Management Inc sold 250,479 shares as 21St Century Fox (FOX)’s stock declined 9.69%. The Fiduciary Management Inc holds 13.06 million shares with $336.69 million value, down from 13.31 million last quarter. 21St Century Fox now has $68.07B valuation. The stock increased 1.59% or $0.57 during the last trading session, reaching $36.37. About 2.24M shares traded. Twenty-First Century Fox, Inc. (NASDAQ:FOX) has declined 4.35% since January 14, 2017 and is downtrending. It has underperformed by 21.05% the S&P500.

Analysts await Nordstrom, Inc. (NYSE:JWN) to report earnings on February, 22. They expect $1.20 earnings per share, down 12.41% or $0.17 from last year’s $1.37 per share. JWN’s profit will be $199.89 million for 10.80 P/E if the $1.20 EPS becomes a reality. After $0.67 actual earnings per share reported by Nordstrom, Inc. for the previous quarter, Wall Street now forecasts 79.10% EPS growth.

Among 30 analysts covering Nordstrom Inc. (NYSE:JWN), 6 have Buy rating, 6 Sell and 18 Hold. Therefore 20% are positive. Nordstrom Inc. had 107 analyst reports since August 14, 2015 according to SRatingsIntel. Credit Suisse maintained the shares of JWN in report on Monday, October 12 with “Neutral” rating. Telsey Advisory Group maintained the stock with “Market Perform” rating in Friday, February 19 report. The firm has “Hold” rating given on Friday, November 10 by Cowen & Co. On Wednesday, January 10 the stock rating was maintained by Piper Jaffray with “Hold”. The rating was maintained by Deutsche Bank on Friday, August 12 with “Buy”. The stock of Nordstrom, Inc. (NYSE:JWN) has “Neutral” rating given on Friday, April 8 by JP Morgan. The firm earned “Neutral” rating on Friday, November 10 by Robert W. Baird. Guggenheim initiated the stock with “Buy” rating in Tuesday, November 10 report. Macquarie Research maintained Nordstrom, Inc. (NYSE:JWN) rating on Friday, August 14. Macquarie Research has “Neutral” rating and $82 target. The stock of Nordstrom, Inc. (NYSE:JWN) has “Buy” rating given on Tuesday, September 15 by Stifel Nicolaus.

Investors sentiment increased to 1.14 in 2017 Q3. Its up 0.30, from 0.84 in 2017Q2. It increased, as 47 investors sold Nordstrom, Inc. shares while 144 reduced holdings. 70 funds opened positions while 148 raised stakes. 88.99 million shares or 3.77% less from 92.48 million shares in 2017Q2 were reported. Toronto Dominion Fincl Bank reported 44,487 shares. Commerce Natl Bank has invested 0.01% in Nordstrom, Inc. (NYSE:JWN). Employees Retirement Association Of Colorado accumulated 22,759 shares or 0.01% of the stock. State Treasurer State Of Michigan accumulated 35,292 shares or 0.01% of the stock. Bingham Osborn & Scarborough Ltd Liability Com owns 4,290 shares for 0.02% of their portfolio. Brinker Capital holds 0.01% or 6,625 shares. Farmers & Merchants Investments accumulated 0% or 30 shares. Oakworth Cap owns 204 shares or 0% of their US portfolio. Commonwealth Bankshares Of Australia accumulated 0.02% or 46,169 shares. Moreover, M&T Bankshares has 0% invested in Nordstrom, Inc. (NYSE:JWN). Whittier Tru Co Of Nevada has invested 0% in Nordstrom, Inc. (NYSE:JWN). Neuberger Berman Group Inc Limited Com reported 63,866 shares stake. The Washington-based Merriman Wealth Mngmt Ltd Llc has invested 0.06% in Nordstrom, Inc. (NYSE:JWN). Moreover, Ubs Asset Mngmt Americas has 0.03% invested in Nordstrom, Inc. (NYSE:JWN). Old Second Commercial Bank Of Aurora has 300 shares for 0.01% of their portfolio.

Nordstrom, Inc., a fashion specialty retailer, provides apparel, shoes, cosmetics, and accessories for women, men, young adults, and children in the United States and Canada. The company has market cap of $8.63 billion. It operates through two divisions, Retail and Credit. It has a 18.07 P/E ratio. The Retail segment offers a range of brand name and private label merchandise through various channels, including Nordstrom branded full-line stores and online store at Nordstrom.com; Nordstrom Rack stores; Nordstromrack.com and HauteLook; Trunk Club clubhouses and TrunkClub.com; Jeffrey boutiques; and clearance stores that operate under the Last Chance name.

Among 2 analysts covering Twenty-First Century Fox (NASDAQ:FOX), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Twenty-First Century Fox had 2 analyst reports since February 18, 2016 according to SRatingsIntel. The stock of Twenty-First Century Fox, Inc. (NASDAQ:FOX) has “Buy” rating given on Thursday, February 18 by Deutsche Bank.

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