Will Sales Momentum Give Nordstrom’s Major Investors the Boost to Buy More Shares?

So far in 2012, Nordstrom Inc.’s (NYSE:JWN) shares are down 5.85 percent. The company reported last week that its comparable store sales rose 5.3 percent in May as compared to the same four-week period ending May 28, 2011. In May, comparable store sales at Nordstrom’s two business segments, its full-line and Nordstrom Rack, jumped 6.2 percent and 5.2 percent, respectively, as compared to the previous year’s period, reported Zacks.com.  Total retail sales increased 9.3 percent to $870 million from $796 million in May 2011.

Year-to-date, Nordstrom’s total retail sales rose 12.6 percent to $3,405 million, largely driven by a 7.7 percent rise in comparable store sales. In addition, these sales grew 8.5 percent at Nordstrom full-line and 6.4 percent at Nordstrom Rack stores.

With the positive sales figures for both Nordstrom business segments, will Nordstrom’s largest shareholders increase their holdings? 528 institutional firms indicated owning shares of Nordstrom Inc. (NYSE:JWN) in Q1 2012. These firms reported owning a total of 116.591 million shares on 03/31/2012. The shares closed at $55.42 on 03/31/2012.

Here are the ten largest positions in Nordstrom Inc. at the end of March 31st, 2012.

Vanguard Group Inc held 8,933,681 shares on 03/31/2012 worth $497,784,716. This brought the portfolio total to 0.07%.

Janus Capital Management LLC held 8,737,096 shares on 03/31/2012 worth $486,831,000. This brought the portfolio total to 0.5%.

State Street Corp held 6,092,485 shares on 03/31/2012 worth $339,473,272. This brought the portfolio total to 0.05%.

Capital Research Global Investors held 4,916,000 shares on 03/31/2012 worth $273,919,526. This brought the portfolio total to 0.12%.

Blackrock Institutional Trust Company N.A. held 4,191,202 shares on 03/31/2012 worth $233,533,781. This brought the portfolio total to 0.05%.

Wellington management co LLP held 4,151,332 shares on 03/31/2012 worth $231,312,224. This brought the portfolio total to 0.08%.

Sac Capital Advisors LP held 3,863,672 shares on 03/31/2012 worth $215,283,809. This brought the portfolio total to 0.97%.

Ameriprise Financial Inc held 3,377,234 shares on 03/31/2012 worth $188,179,483. This brought the portfolio total to 0.13%.

Cramer Rosenthal Mcglynn LLC held 3,179,285 shares on 03/31/2012 worth $177,149,764. This brought the portfolio total to 1.38%.

Bank of New York Mellon Corp held 2,386,324 shares on 03/31/2012 worth $132,965,976. This brought the portfolio total to 0.05%.

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