Piper Jaffray Companies set a $42.00 price target on Nordstrom, Inc. (NYSE:JWN) in a research note published on Monday, July 17th. The firm currently has a hold rating on the specialty retailer’s stock.
A number of other research analysts have also commented on the stock. Gordon Haskett initiated coverage on shares of Nordstrom in a research note on Tuesday, May 9th. They issued an accumulate rating and a $54.00 price target on the stock. TheStreet raised shares of Nordstrom from a c rating to a b- rating in a report on Wednesday, April 26th. Vetr downgraded shares of Nordstrom from a strong-buy rating to a buy rating and set a $48.92 price objective for the company. in a research note on Monday, April 10th. Credit Suisse Group set a $52.00 price objective on shares of Nordstrom and gave the stock a buy rating in a research report on Saturday, April 1st. Finally, Maxim Group set a $61.00 price target on shares of Nordstrom and gave the stock a buy rating in a report on Thursday, May 4th. Five research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eight have issued a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of $47.34.
Nordstrom (JWN) traded up 0.07% during mid-day trading on Monday, hitting $44.90. The stock had a trading volume of 6,548,321 shares. The company has a 50-day moving average price of $47.32 and a 200 day moving average price of $45.51. Nordstrom has a 1-year low of $39.53 and a 1-year high of $62.82. The company has a market cap of $7.46 billion, a P/E ratio of 21.27 and a beta of 0.83.
Nordstrom (NYSE:JWN) last released its quarterly earnings data on Thursday, August 10th. The specialty retailer reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.03. The company had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.70 billion. Nordstrom had a net margin of 2.44% and a return on equity of 71.19%. Nordstrom’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.67 EPS. Equities research analysts forecast that Nordstrom will post $2.96 EPS for the current fiscal year.
Institutional investors have recently bought and sold shares of the stock. Gemmer Asset Management LLC raised its position in Nordstrom by 0.8% in the first quarter. Gemmer Asset Management LLC now owns 2,252 shares of the specialty retailer’s stock valued at $105,000 after buying an additional 18 shares during the period. Global X Management Co. LLC increased its stake in Nordstrom by 0.9% in the second quarter. Global X Management Co. LLC now owns 6,587 shares of the specialty retailer’s stock worth $315,000 after buying an additional 59 shares during the period. Mosaic Family Wealth LLC increased its stake in shares of Nordstrom by 3.8% in the first quarter. Mosaic Family Wealth LLC now owns 2,953 shares of the specialty retailer’s stock worth $138,000 after buying an additional 109 shares during the period. FineMark National Bank & Trust increased its stake in shares of Nordstrom by 2.1% in the second quarter. FineMark National Bank & Trust now owns 6,156 shares of the specialty retailer’s stock worth $294,000 after buying an additional 128 shares during the period. Finally, State of Alaska Department of Revenue increased its stake in shares of Nordstrom by 1.5% in the second quarter. State of Alaska Department of Revenue now owns 9,520 shares of the specialty retailer’s stock worth $455,000 after buying an additional 140 shares during the period. 64.36% of the stock is owned by institutional investors.
Nordstrom Company Profile
Nordstrom, Inc is a fashion specialty retailer in the United States. The Company’s segments include Retail and Credit. As of March 20, 2017, the Company operated 344 the United States stores located in 40 states as well as an e-commerce business. The Company also offers its customers a variety of payment products and services, including credit and debit cards.
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