Cooper Creek Partners Management recently announced the acquisition of new stake in Nordstrom, Inc. (NYSE:JWN). The institutional investor has increased its shareholding in the Consumer Cyclical company by 42.38% to 3.91 million shares with purchase of 1.16 million shares. This fresh investment now brings its stake to 2.41% valued currently at $72.11 million. In addition, Victory Capital Management, Inc. raised its holdings by 0.76 million to 2.31 million shares. And Schroder Investment Management Lt has lifted its position by 12.92% or 0.21 million shares – to 1.81 million shares.
Currently, there are 160.10M common shares owned by the public and among those 97.87M shares have been available to trade.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Insiders at the company have transacted a total of 36 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 23 of these insider trades were purchases, accounting for 845,187 shares. Insider sales of the common stock occurred on 13 occasions, with total insider shares sold totaling 147,852 shares.
The top 3 mutual fund holders in Nordstrom, Inc. are Vanguard Total Stock Market ETF, iShares Core S&P Mid Cap ETF, and Vanguard Small Cap Index Fund. Vanguard Total Stock Market ETF owns 3.0 million shares of the company’s stock, all valued at over $55.4 million. The company bought an additional 4071.0 shares recently to bring their total holdings to about 1.85% of the shares outstanding. iShares Core S&P Mid Cap ETF bought 2665.0 shares to see its total holdings expand to 2.95 million shares valued at over $54.38 million and representing 1.82% of the shares outstanding. Vanguard Small Cap Index Fund sold 28459.0 shares to bring its total holdings to over 2.48 million shares at a value of $45.75 million. Vanguard Small Cap Index Fund now owns shares totaling to 1.53% of the shares outstanding.
However, the script later moved the day high at 19.14, down -0.16%. The company’s stock has a 5-day price change of 3.43% and 37.30% over the past three months. JWN shares are trading 1.36% year to date (YTD), with the 12-month market performance up to 7.04% higher. It has a 12-month low price of $12.88 and touched a high of $27.15 over the same period. JWN has an average intraday trading volume of 5.66 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 2.55%, 11.84%, and 10.48% respectively.
Institutional ownership of Nordstrom, Inc. (NYSE: JWN) shares accounts for 50.45% of the company’s 160.10M shares outstanding. Mutual fund holders own 28.38%, while other institutional holders and individual stakeholders account for 46.94% and 22.16% respectively.
It has a market capitalization of $3.04B and a beta (3y monthly) value of 2.59. The stock’s trailing 12-month PE ratio is 26.32, while the earnings-per-share (ttm) stands at $0.71. The company has a PEG of 3.87 and a Quick Ratio of 0.29 with the debt-to-equity ratio at 6.17. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.25% over the week and 3.74% over the month.
Analysts forecast that Nordstrom, Inc. (JWN) will achieve an EPS of $0.87 for the current quarter, $0.09 for the next quarter and $1.94 for 2025. The lowest estimate earnings-per-share for the quarter is $0.63 while analysts give the company a high EPS estimate of $1.2. Comparatively, EPS for the current quarter was $0.74 a year ago. Earnings per share for the fiscal year are expected to increase by 20.64%, and -6.03% over the next financial year. EPS should grow at an annualized rate of 6.80% over the next five years, compared to -10.19% over the past 5-year period.
Looking at the support for the JWN, a number of firms have released research notes about the stock. Telsey Advisory Group stated their Market Perform rating for the stock in a research note on November 22, 2023, with the firm’s price target at $19-$17.
