Pomelo Capital Position in Gnc Hldgs (Put) (GNC) Has Boosted by $10.36 Million as Stock Value Declined; As Nordstrom (JWN) Market Valuation Declined, Whitnell & Co Decreased Its Position by $1.17 Million

August 10, 2018 - By Pearl Odom

Nordstrom, Inc. (NYSE:JWN) Logo

Whitnell & Co decreased its stake in Nordstrom Inc (JWN) by 70.23% based on its latest 2018Q1 regulatory filing with the SEC. Whitnell & Co sold 24,317 shares as the company’s stock declined 6.62% with the market. The institutional investor held 10,306 shares of the consumer services company at the end of 2018Q1, valued at $499,000, down from 34,623 at the end of the previous reported quarter. Whitnell & Co who had been investing in Nordstrom Inc for a number of months, seems to be less bullish one the $8.80B market cap company. The stock increased 1.90% or $0.98 during the last trading session, reaching $52.55. About 1.89 million shares traded. Nordstrom, Inc. (NYSE:JWN) has risen 17.06% since August 10, 2017 and is uptrending. It has outperformed by 4.49% the S&P500. Some Historical JWN News: 05/03/2018 – Special Committee Rejects Nordstrom Family Buyout at $50 a Share; 09/04/2018 – Nordstrom’s Bold Men’s Wear Move; 17/05/2018 – Nordstrom Maintains FY2018 Comparable Sales Growth View 0.5%-1.5%; 05/03/2018 – The special committee advising Nordstrom’s board rejected an initial proposal from the Nordstrom family to take the retailer private for $50 a share; 20/03/2018 – Nordstrom family fails again in bid to take company private; 20/03/2018 – Nordstorm ends talks with founding family on take-private offer; 08/03/2018 – NORDSTROM REPORTS INVESTMENTS IN DIGITAL TECHNOLOGY; 22/04/2018 – DJ Nordstrom Inc, Inst Holders, 1Q 2018 (JWN); 05/04/2018 – ADVISORY-Ignore dated UBS research alert on Nordstrom; 13/04/2018 – Nordstrom’s Men’s Store Is A Cut Above Department Store Competitors, But Will Shoppers Show Up? — MarketWatch

Pomelo Capital Llc increased its stake in Gnc Hldgs Inc (Put) (GNC) by 1468.45% based on its latest 2018Q1 regulatory filing with the SEC. Pomelo Capital Llc bought 3.45M shares as the company’s stock declined 25.34% with the market. The hedge fund held 3.69 million shares of the consumer non-durables company at the end of 2018Q1, valued at $14.73M, up from 235,200 at the end of the previous reported quarter. Pomelo Capital Llc who had been investing in Gnc Hldgs Inc (Put) for a number of months, seems to be bullish on the $259.22M market cap company. The stock decreased 0.64% or $0.02 during the last trading session, reaching $3.09. About 1.37M shares traded. GNC Holdings, Inc. (NYSE:GNC) has declined 54.61% since August 10, 2017 and is downtrending. It has underperformed by 67.18% the S&P500. Some Historical GNC News: 05/04/2018 – GNC REPORTS PLANS TO EXPAND INTO AUSTRALIA; 09/05/2018 – GNC REPORTS ADJOURNMENT OF SPECIAL MEETING OF HOLDERS; 13/03/2018 – HARBIN PHARMACEUTICAL GROUP SAYS CONVERSION PRICE FOR EACH PREFERENCE SHARE SET AT $5.35, CO WILL HOLD 40.1 PCT IN GNC AS ITS BIGGEST SHAREHOLDER AFTER CONVERSION; 05/04/2018 – GENERAL NUTRITION CORPORATION ANNOUNCED PLANS TO ESTABLISH, DEVELOP PRESENCE IN AUSTRALIAN MARKET; 05/04/2018 – GENERAL NUTRITION CORP – TO PARTNER WITH RAPID NUTRITION TO MARKET, SELL, GNC PRODUCTS THROUGH RETAIL OUTLET EXPANSION, OTHERS THROUGHOUT AUSTRALIA; 09/05/2018 – GNC: MEETING ADJOURNED UNTIL MAY 17; 26/04/2018 – Vitamin Retailer GNC Plans to Close 200 Stores; 18/05/2018 – S&PGRBulletin: GNC Holdings Inc Rtgs Remain On CreditWatch Neg; 19/03/2018 – GNC Closes Below 50-Day Moving Average: Technicals; 27/03/2018 – Cardax Reports 2017 Results

More recent GNC Holdings, Inc. (NYSE:GNC) news were published by: Benzinga.com which released: “Earnings Outlook For GNC Holdings” on July 25, 2018. Also Globenewswire.com published the news titled: “Detailed Research: Economic Perspectives on Retail Properties of America, Dominion Energy, GNC, Forum Energy …” on August 10, 2018. Seekingalpha.com‘s news article titled: “GNC tracks higher after earnings” with publication date: July 26, 2018 was also an interesting one.

Investors sentiment decreased to 0.95 in Q1 2018. Its down 0.38, from 1.33 in 2017Q4. It turned negative, as 25 investors sold GNC shares while 35 reduced holdings. 21 funds opened positions while 36 raised stakes. 40.66 million shares or 9.19% less from 44.77 million shares in 2017Q4 were reported. Melvin Capital Management LP stated it has 0.01% in GNC Holdings, Inc. (NYSE:GNC). Illinois-based Capstone Advsrs has invested 0.03% in GNC Holdings, Inc. (NYSE:GNC). Canada Pension Plan Inv Board holds 0% or 96,400 shares. Raymond James & Associate stated it has 0% in GNC Holdings, Inc. (NYSE:GNC). Architects owns 0% invested in GNC Holdings, Inc. (NYSE:GNC) for 4,000 shares. Moreover, D E Shaw has 0% invested in GNC Holdings, Inc. (NYSE:GNC). Millennium Ltd has invested 0.01% in GNC Holdings, Inc. (NYSE:GNC). State Street accumulated 1.46M shares. Gabelli Funds Ltd Liability Corp holds 0% or 175,000 shares. Oz Mngmt Ltd Partnership accumulated 321,149 shares. 1,514 are held by Royal Bankshares Of Canada. Alliancebernstein Lp, New York-based fund reported 102,602 shares. Stoneridge Invest Ptnrs owns 18,038 shares for 0.01% of their portfolio. Gam Ag has 104,891 shares for 0.01% of their portfolio. Moreover, Fincl Bank Of Mellon has 0% invested in GNC Holdings, Inc. (NYSE:GNC) for 320,905 shares.

Among 12 analysts covering GNC Holdings (NYSE:GNC), 2 have Buy rating, 4 Sell and 6 Hold. Therefore 17% are positive. GNC Holdings had 27 analyst reports since August 3, 2015 according to SRatingsIntel. The company was downgraded on Friday, October 28 by Piper Jaffray. On Tuesday, May 10 the stock rating was initiated by Piper Jaffray with “Overweight”. Barclays Capital maintained the shares of GNC in report on Friday, October 27 with “Underweight” rating. The stock of GNC Holdings, Inc. (NYSE:GNC) has “Outperform” rating given on Friday, April 29 by Wedbush. The stock has “Neutral” rating by Sterne Agee CRT on Friday, October 23. The stock of GNC Holdings, Inc. (NYSE:GNC) has “Overweight” rating given on Friday, October 30 by Stephens. The stock of GNC Holdings, Inc. (NYSE:GNC) has “Neutral” rating given on Friday, April 29 by Goldman Sachs. The firm has “Overweight” rating by Barclays Capital given on Monday, November 2. On Friday, October 30 the stock rating was maintained by Deutsche Bank with “Hold”. Bank of America downgraded GNC Holdings, Inc. (NYSE:GNC) on Friday, October 28 to “Underperform” rating.

Pomelo Capital Llc, which manages about $366.34 million and $1.83B US Long portfolio, decreased its stake in Brookdale Sr Living Inc (Put) (NYSE:BKD) by 1.71M shares to 215,300 shares, valued at $1.45 million in 2018Q1, according to the filing. It also reduced its holding in Avon Prods Inc (Put) (NYSE:AVP) by 408,500 shares in the quarter, leaving it with 494,600 shares, and cut its stake in Brookdale Sr Living Inc (Call) (NYSE:BKD).

Since April 11, 2018, it had 0 insider buys, and 18 insider sales for $17.91 million activity. NORDSTROM PETER E also sold $179,121 worth of Nordstrom, Inc. (NYSE:JWN) shares. Shares for $398,140 were sold by Deputy Christine on Thursday, April 12. Nordstrom James F JR had sold 2,874 shares worth $150,912. NORDSTROM ERIK B sold $179,087 worth of stock or 3,379 shares. Shares for $509,300 were sold by Meden Scott A.

Among 32 analysts covering Nordstrom Inc. (NYSE:JWN), 7 have Buy rating, 6 Sell and 19 Hold. Therefore 22% are positive. Nordstrom Inc. had 125 analyst reports since August 14, 2015 according to SRatingsIntel. The firm earned “Neutral” rating on Friday, April 29 by Cleveland. On Wednesday, July 11 the stock rating was maintained by Credit Suisse with “Neutral”. JP Morgan downgraded Nordstrom, Inc. (NYSE:JWN) on Friday, December 16 to “Underweight” rating. Cowen & Co downgraded Nordstrom, Inc. (NYSE:JWN) on Monday, July 2 to “Market Perform” rating. On Tuesday, January 5 the stock rating was downgraded by Citigroup to “Neutral”. The rating was maintained by Cowen & Co with “Buy” on Friday, January 19. The firm has “Hold” rating by Susquehanna given on Tuesday, January 23. The company was upgraded on Tuesday, July 26 by PiperJaffray. The firm earned “Hold” rating on Monday, October 30 by Robert W. Baird. The firm earned “Hold” rating on Thursday, December 21 by Robert W. Baird.

More notable recent Nordstrom, Inc. (NYSE:JWN) news were published by: Seekingalpha.com which released: “Nordstrom’s Philosophy” on August 09, 2018, also Bizjournals.com with their article: “Online mattress seller Casper to open 200 stores” published on August 09, 2018, Benzinga.com published: “Alibaba, Celgene, Foot Locker, Nordstrom: ‘Fast Money’ Picks For August 9” on August 09, 2018. More interesting news about Nordstrom, Inc. (NYSE:JWN) were released by: Seekingalpha.com and their article: “Nordstrom: Investor Day Sales Targets Appear Slightly Aggressive” published on July 24, 2018 as well as Seekingalpha.com‘s news article titled: “JC Penney May Be The Next Great Turnaround” with publication date: August 08, 2018.

Analysts await Nordstrom, Inc. (NYSE:JWN) to report earnings on August, 16 after the close. They expect $0.83 earnings per share, up 27.69% or $0.18 from last year’s $0.65 per share. JWN’s profit will be $138.93 million for 15.83 P/E if the $0.83 EPS becomes a reality. After $0.51 actual earnings per share reported by Nordstrom, Inc. for the previous quarter, Wall Street now forecasts 62.75% EPS growth.

Whitnell & Co, which manages about $1.15B and $239.24M US Long portfolio, upped its stake in Fiserv Inc (NASDAQ:FISV) by 50,857 shares to 102,714 shares, valued at $7.33 million in 2018Q1, according to the filing. It also increased its holding in Aflac Inc (NYSE:AFL) by 40,757 shares in the quarter, for a total of 82,293 shares, and has risen its stake in Ishares Tr (IYR).

Nordstrom, Inc. (NYSE:JWN) Institutional Positions Chart

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