Nordstrom (NYSE:JWN) has received an average rating of “Hold” from the twenty-five research firms that are presently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, sixteen have assigned a hold recommendation and six have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $47.97.
A number of analysts have recently issued reports on JWN shares. Zacks Investment Research upgraded Nordstrom from a “hold” rating to a “buy” rating and set a $56.00 target price for the company in a report on Monday, January 15th. Credit Suisse Group started coverage on Nordstrom in a report on Monday, March 12th. They issued a “neutral” rating and a $54.00 target price for the company. Piper Jaffray set a $45.00 target price on Nordstrom and gave the company a “hold” rating in a report on Wednesday, January 10th. JPMorgan Chase upgraded Nordstrom from an “underweight” rating to a “neutral” rating and increased their target price for the company from $33.00 to $48.00 in a report on Tuesday, January 2nd. Finally, ValuEngine lowered Nordstrom from a “buy” rating to a “hold” rating in a report on Sunday, December 31st.
In other Nordstrom news, CMO Scott A. Meden sold 10,000 shares of the stock in a transaction on Thursday, April 12th. The shares were sold at an average price of $49.02, for a total transaction of $490,200.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Ken Worzel sold 537 shares of the stock in a transaction on Monday, April 23rd. The stock was sold at an average price of $46.82, for a total transaction of $25,142.34. Following the transaction, the insider now directly owns 125,621 shares in the company, valued at $5,881,575.22. The disclosure for this sale can be found here. Insiders sold 25,240 shares of company stock worth $1,233,908 over the last ninety days. 7.32% of the stock is currently owned by company insiders.
A number of institutional investors have recently bought and sold shares of the business. Harvest Fund Management Co. Ltd bought a new stake in Nordstrom during the fourth quarter valued at about $115,000. Cerebellum GP LLC bought a new stake in Nordstrom during the fourth quarter valued at about $131,000. Calton & Associates Inc. bought a new stake in Nordstrom during the fourth quarter valued at about $153,000. Investors Research Corp bought a new stake in Nordstrom during the fourth quarter valued at about $230,000. Finally, 180 Wealth Advisors LLC bought a new stake in Nordstrom during the fourth quarter valued at about $260,000. 59.25% of the stock is currently owned by hedge funds and other institutional investors.
Shares of JWN traded up $0.75 during mid-day trading on Friday, reaching $48.64. The company’s stock had a trading volume of 331,134 shares, compared to its average volume of 1,875,037. The firm has a market capitalization of $8,079.37, a P/E ratio of 16.18, a PEG ratio of 2.35 and a beta of 0.83. Nordstrom has a 1 year low of $37.79 and a 1 year high of $54.00. The company has a quick ratio of 0.45, a current ratio of 1.07 and a debt-to-equity ratio of 2.74.
Nordstrom (NYSE:JWN) last released its earnings results on Thursday, March 1st. The specialty retailer reported $1.20 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.24 by ($0.04). The business had revenue of $4.60 billion during the quarter, compared to analysts’ expectations of $4.57 billion. Nordstrom had a net margin of 2.86% and a return on equity of 60.72%. Nordstrom’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.27 EPS. analysts expect that Nordstrom will post 3.42 earnings per share for the current fiscal year.
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Nordstrom, Inc, a fashion retailer, provides apparel, shoes, cosmetics, and accessories for women, men, young adults, and children in the United States and Canada. The company operates in two segments, Retail and Credit. The Retail segment offers a range of brand name and private label merchandise through various channels, including Nordstrom branded full-line stores and online store at Nordstrom.com; Nordstrom Rack stores; Nordstromrack.com and HauteLook; Trunk Club clubhouses and TrunkClub.com; Jeffrey boutiques; and clearance stores that operate under the Last Chance name.
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