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JWN

Nordstrom

$31.06

0.48 (1.57%)

10:10
07/12/19
07/12
10:10
07/12/19
10:10

Nordstrom's put volume 3x normal on roll from July to Aug 30th

Nordstrom's put volume 3x normal on roll from July to Aug 30th. Customer on the PHLX sold the July 30/Aug 30th 26.5 put spread 3000x for 30c as shares traded $30.97. Aug 30 contracts are opening, while the July's close a short put position opened in May for 36c when shares were near $37.

  • 24

    Jul

JWN Nordstrom
$31.06

0.48 (1.57%)

06/27/19
GSCO
06/27/19
DOWNGRADE
Target $30
GSCO
Sell
Goldman downgrades Nordstrom to Sell, cuts price target to $30 from $37
Goldman Sachs analyst Alexandra Walvis downgraded Nordstrom (JWN) to Sell from Neutral and lowered her price target for the shares to $30 from $37. The analyst is taking a "conservative stance" on the retail sector. The headwinds in Q2 have proven persistent, says the analyst, who sees risk that a second half of the year inflection in earnings growth may not materialize for many companies. Walvis recommends a selective approach in Apparel and prefers stocks with "clear" second half catalysts or strategic actions to drive momentum. She reiterates Buy ratings on both Under Armour (UAA) and Tapestry (TPR) and downgraded both Nordstrom and Ross Stores (ROST) to Sell. She believes Nordstrom's ongoing "comp headwinds" in full line and off price stores are compounded by its ongoing strategic investments and the opening of the company's flagship in New York City.
06/27/19
GSCO
06/27/19
DOWNGRADE
Target $91
GSCO
Sell
Goldman downgrades Ross Stores to Sell, cuts price target to $91 from $102
Goldman Sachs analyst Alexandra Walvis downgraded Ross Stores (ROST) to Sell from Neutral and lowered her price target for the shares to $91 from $102. The analyst is taking a "conservative stance" on the retail sector. The headwinds in Q2 have proven persistent, says the analyst, who sees risk that a second half of the year inflection in earnings growth may not materialize for many companies. Walvis recommends a selective approach in Apparel and prefers stocks with "clear" second half catalysts or strategic actions to drive momentum. She reiterates Buy ratings on both Under Armour (UAA) and Tapestry (TPR) and downgraded both Nordstrom (JWN) and Ross Stores to Sell. She believes the recent rally in Ross shares is overdone given the risks that recent execution challenges persist. Further, Walvis forecasts limited upside from the company's strategic initiatives.
06/27/19
06/27/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. FactSet (FDS) downgraded to Sell from Neutral at Goldman Sachs with analyst George Tong saying he believes FactSet faces "secular challenges" in the financial services end-market due to the implementation of MiFID II and the ongoing shift from active to passive asset management. 2. Travelers (TRV) downgraded to Sell from Hold at Deutsche Bank with analyst Joshua Shanker saying the commercial Property & Casualty sector is "largely overvalued" due to an intra-sector exodus from more rate-sensitive financials into P&C insurance stocks. 3. Sempra Energy (SRE) downgraded to Neutral from Buy at BofA/Merrill with analyst Julien Dumoulin-Smith citing share outperformance and moderating expectations on expedited CA legislation by the July 12 deadline combined with a potential credit downgrade. 4. W. R. Berkley (WRB) downgraded to Sell from Hold at Deutsche Bank with analyst Joshua Shanker saying investors are mistaking the appreciation in Property and Casualty insurance stocks as the "fruit of renewal rate pricing increases in the P&C market." 5. Ross Stores (ROST) and Nordstrom (JWN) downgraded to Sell from Neutral at Goldman Sachs. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/02/19
UBSW
07/02/19
DOWNGRADE
Target $33
UBSW
Neutral
Nordstrom downgraded to Neutral from Buy at UBS
UBS analyst Jay Sole downgraded Nordstrom to Neutral from Buy and lowered his price target for the shares to $33 from $65. The analyst says his firm's data shows that U.S. high income consumer spending outlook over the next 90 days has softened. Further, a new UBS Evidence Lab survey reveals Nordstrom's competitive positioning is weakening, Sole tells investors in a research note. As a result, the analyst thinks the company will be unable to beat consensus earnings expectations.

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EFII

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BRP Inc.

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Phoenix New Media

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VEND

Generation NEXT Franchise Brands

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DDAIF

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REAL

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  • 12

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$32.14

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$207.21

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08:55
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NVS

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$94.05

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NEOG

Neogen

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