Nordstrom, Inc. (NYSE:JWN) has earned an average recommendation of “Hold” from the twenty-nine ratings firms that are presently covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a sell recommendation, eighteen have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $46.17.
A number of equities analysts have recently issued reports on JWN shares. Royal Bank Of Canada reissued a “hold” rating and set a $47.00 target price on shares of Nordstrom in a research note on Monday, March 27th. BMO Capital Markets reaffirmed a “hold” rating and issued a $50.00 price objective on shares of Nordstrom in a research note on Monday, March 27th. Vetr downgraded Nordstrom from a “hold” rating to a “sell” rating and set a $41.24 price objective for the company. in a research note on Tuesday, March 28th. Credit Suisse Group set a $52.00 price objective on Nordstrom and gave the company a “buy” rating in a research note on Saturday, April 1st. Finally, Zacks Investment Research downgraded Nordstrom from a “hold” rating to a “sell” rating in a research note on Wednesday, April 26th.
Shares of Nordstrom (NYSE JWN) traded down 1.14% during mid-day trading on Friday, hitting $46.90. The stock had a trading volume of 993,198 shares. The company has a market cap of $7.79 billion, a PE ratio of 21.96 and a beta of 0.82. Nordstrom has a 52-week low of $39.05 and a 52-week high of $62.82. The stock has a 50 day moving average price of $46.57 and a 200-day moving average price of $45.26.
TRADEMARK VIOLATION WARNING: This piece was first posted by StockNewsTimes and is the property of of StockNewsTimes. If you are accessing this piece on another website, it was copied illegally and reposted in violation of international trademark and copyright laws. The correct version of this piece can be viewed at https://stocknewstimes.com/2017/07/24/brokerages-set-nordstrom-inc-nysejwn-pt-at-46-17.html.
A number of hedge funds and other institutional investors have recently modified their holdings of JWN. Gemmer Asset Management LLC boosted its position in shares of Nordstrom by 0.8% in the first quarter. Gemmer Asset Management LLC now owns 2,252 shares of the specialty retailer’s stock worth $105,000 after buying an additional 18 shares during the last quarter. Mosaic Family Wealth LLC boosted its position 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 last quarter. State of Alaska Department of Revenue boosted its position 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 last quarter. Ken Stern & Associates Inc. boosted its position in shares of Nordstrom by 2.7% in the first quarter. Ken Stern & Associates Inc. now owns 6,155 shares of the specialty retailer’s stock worth $297,000 after buying an additional 159 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. boosted its position in shares of Nordstrom by 5.5% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,467 shares of the specialty retailer’s stock worth $151,000 after buying an additional 180 shares during the last quarter. Hedge funds and other institutional investors own 64.21% of the company’s stock.
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.
Receive News & Ratings for Nordstrom Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nordstrom Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
