Nordstrom Inc. (NYSE:JWN) was the recipient of a large decrease in short interest in October. As of October 31st, there was short interest totalling 30,059,736 shares, a decrease of 10.5% from the October 14th total of 33,586,690 shares. Based on an average trading volume of 2,624,727 shares, the days-to-cover ratio is presently 11.5 days. Approximately 24.3% of the company’s stock are short sold.

Shares of Nordstrom (NYSE:JWN) opened at 59.55 on Tuesday. The stock has a market cap of $10.31 billion, a price-to-earnings ratio of 31.69 and a beta of 1.02. Nordstrom has a 52 week low of $35.01 and a 52 week high of $62.82. The company has a 50-day moving average price of $52.93 and a 200-day moving average price of $46.42.

Nordstrom (NYSE:JWN) last announced its quarterly earnings data on Thursday, November 10th. The company reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.32. The business had revenue of $3.47 billion for the quarter, compared to analyst estimates of $3.49 billion. Nordstrom had a return on equity of 58.85% and a net margin of 2.28%. The company’s revenue was up 7.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.57 earnings per share. Equities analysts anticipate that Nordstrom will post $2.73 EPS for the current year.

In other news, insider Daniel F. Little sold 5,270 shares of the company’s stock in a transaction on Thursday, October 6th. The shares were sold at an average price of $54.00, for a total value of $284,580.00. Following the completion of the sale, the insider now owns 68,216 shares in the company, valued at approximately $3,683,664. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Daniel F. Little sold 5,277 shares of the company’s stock in a transaction on Friday, October 7th. The stock was sold at an average price of $55.00, for a total transaction of $290,235.00. Following the completion of the sale, the insider now owns 68,223 shares of the company’s stock, valued at approximately $3,752,265. The disclosure for this sale can be found here. 7.03% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in JWN. Vanguard Group Inc. raised its position in shares of Nordstrom by 16.4% in the second quarter. Vanguard Group Inc. now owns 13,840,222 shares of the company’s stock worth $526,621,000 after buying an additional 1,945,151 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Nordstrom by 5.6% in the second quarter. Bank of New York Mellon Corp now owns 7,853,110 shares of the company’s stock worth $298,811,000 after buying an additional 414,860 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Nordstrom by 26.4% in the third quarter. JPMorgan Chase & Co. now owns 4,294,122 shares of the company’s stock worth $222,779,000 after buying an additional 897,203 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its position in shares of Nordstrom by 4.3% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 3,861,213 shares of the company’s stock worth $146,919,000 after buying an additional 160,682 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC raised its position in shares of Nordstrom by 34.9% in the second quarter. Hotchkis & Wiley Capital Management LLC now owns 3,594,094 shares of the company’s stock worth $136,755,000 after buying an additional 929,597 shares in the last quarter. 66.50% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts recently weighed in on JWN shares. Stifel Nicolaus boosted their price target on shares of Nordstrom from $44.00 to $58.00 and gave the stock a “buy” rating in a report on Friday, August 12th. Vetr raised shares of Nordstrom from a “hold” rating to a “buy” rating and set a $47.50 price target on the stock in a report on Tuesday, July 26th. Telsey Advisory Group boosted their price target on shares of Nordstrom from $40.00 to $53.00 and gave the stock a “market perform” rating in a report on Friday, August 12th. Credit Suisse Group AG reissued a “hold” rating and issued a $40.00 price target on shares of Nordstrom in a report on Friday, August 12th. Finally, Royal Bank Of Canada boosted their price target on shares of Nordstrom from $38.00 to $47.00 and gave the stock a “sector perform” rating in a report on Monday, August 15th. Seven research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and eight have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $49.16.

About Nordstrom

Nordstrom, Inc is a fashion specialty retailer in the United States. The company operates through two segments: Retail and Credit. The Retail segment includes approximately 115 Nordstrom branded full-line stores in the United States and Nordstrom.com, approximately 167 off-price Nordstrom Rack stores, two Canada full-line stores, Nordstromrack.com and HauteLook, and other retail channels, including five Trunk Club showrooms and TrunkClub.com, its two Jeffrey boutiques and one clearance store that operates under the name Last Chance.

5 Day Chart for NYSE:JWN

Receive News & Stock Ratings for Nordstrom Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nordstrom Inc. and related stocks with our FREE daily email newsletter.