Evergreen Capital Management LLC says it bought 199,339 shares in quarter ending 09/30/2017 increasing its exposure to Nordstrom by 233.6%. Its stake stood at $13,423,000 an increase of $9,341,000 as of quarter end.
Several firms have updated their holdings. Edmond De Rothschild Holding S.a. bolstered its holdings by buying 39,000 shares an increase of 34.5%. Edmond De Rothschild Holding S.a. now controls 152,200 shares worth $7,176,000. The total value of its holdings increased 32.5%. Raymond James & Associates augmented its stake by buying 21,062 shares an increase of 13.5% from 06/30/2017 to 09/30/2017. Raymond James & Associates claims 177,128 shares with a value of $8,352,000. The value of the position overall is up by 11.9%.
Baird Financial Group, Inc. added to its position by buying 5,498 shares an increase of 2.5% in the quarter. Baird Financial Group, Inc. controls 225,779 shares valued at $10,646,000. The value of the position overall is up by 1.0%.
On November 10, 2017 KeyCorp reiterated a “Outperform” rating on the stock. On November 10 Citigroup kept the company rating at “Hold” targeting a price of $43.00.
Robert W. Baird lowered the price target on November 10 cutting the projection from $50.00 to $43.00 and issued a “Neutral” recommendation. November 10 investment analysts at J P Morgan Chase & Co left the company rating at “Sell” projecting a price of $33.00.
On November 1 Robert W. Baird maintained a company rating of “Hold” with a current price target of $50.00. October 19 investment analysts at Piper Jaffray Companies kept a “Hold” rating on the company.
In the market the company is trading up since yesterday’s close of 39.15. The P/E ratio is currently 13.95 and market cap is 6.60B. In the last earnings report the EPS was $2.85 with 166.60M shares outstanding.
Short traders are more bullish on Nordstrom if you take note of the change in short interest. The company had a fall in short interest of -5.00% between September 29, 2017 and October 13, 2017. Short shares decreased 1,128,495 over that period. With short interest at 21,445,458 and short average daily volume at 2,664,464, days to cover is 8.0 and the short interest percentage is 0.13% as of October 13.