Nordstrom (JWN) is Downgraded by Citigroup to Neutral

Nordstrom (JWN) is Downgraded by Citigroup to Neutral , according to the research report released to the investors. Earlier the firm had a rating of Buy on the company shares. The shares recommendation by the Brokerage Firm was released on Jan-5-2016.

Nordstrom Inc. has dropped 24.84% during the last 3-month period . Year-to-Date the stock performance stands at -31.38%.

Nordstrom, Inc. (NYSE:JWN) has lost 2.24% during the past week and dropped 12.74% in the last 4 weeks. The shares are however, negative as compared to the S&P 500 for the past week with a loss of 1.42%. Nordstrom, Inc. (NYSE:JWN) has underperformed the index by 10.7% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

Shares of Nordstrom, Inc. (NYSE:JWN) ended Thursday session in red amid volatile trading. The shares closed down 0.5 points or 0.99% at $49.81 with 2,401,604 shares getting traded. Post opening the session at $50.21, the shares hit an intraday low of $49.72 and an intraday high of $50.55 and the price vacillated in this range throughout the day. The company has a market cap of $9,158 million and the number of outstanding shares have been calculated to be 183,867,960 shares. The 52-week high of Nordstrom, Inc. (NYSE:JWN) is $83.16 and the 52-week low is $49.34.

Currently the company Insiders own 6.04% of Nordstrom, Inc. shares according to the proxy statements. Institutional Investors own 55.53% of Nordstrom, Inc. shares. During last six month period, the net percent change held by insiders has seen a change of 7.96%. On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Nordstrom Inc, Domier Tanya L, had purchased 146 shares in a transaction dated on September 15, 2015. The transaction was executed at $69.83 per share with total amount equaling $10,195.

Nordstrom, Inc. is a fashion specialty retailer. As of March 18, 2013, the Company operates 242 United States stores located in 31 states, as well as an e-commerce business through nordstrom.com. It operates in two segments: Retail and Credit. As of December February 02, 2013, the Company had opened two Nordstrom Rack stores (Boston, Massachusetts and Upland, California). As of March 18, 2013, the Retail segment includes its 117 Nordstrom branded full-line stores and its online store at www.nordstrom.com, its 121 off-price Nordstrom Rack stores, one clearance store that operates under the name Last Chance and its other retail channels, including its online private sale subsidiary HauteLook, its two Jeffrey boutiques and one treasure&bond store. Its Credit segment includes its wholly owned federal savings bank, Nordstrom fsb, through which it provides a private label credit card, two Nordstrom VISA credit cards and a debit card. In August 2014, Nordstrom Inc. acquired Trunk Club.