Nordstrom (JWN) Receiving Somewhat Positive News Coverage, Analysis Shows

News articles about Nordstrom (NYSE:JWN) have been trending somewhat positive recently, according to Accern. Accern identifies negative and positive news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Nordstrom earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned news coverage about the specialty retailer an impact score of 45.3821948644204 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

Here are some of the media stories that may have impacted Accern Sentiment’s rankings:

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JWN has been the subject of several recent research reports. Zacks Investment Research raised shares of Nordstrom from a “sell” rating to a “hold” rating in a research report on Wednesday, December 27th. ValuEngine cut shares of Nordstrom from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. JPMorgan Chase raised shares of Nordstrom from an “underweight” rating to a “neutral” rating and raised their price target for the company from $33.00 to $48.00 in a research report on Tuesday, January 2nd. Piper Jaffray set a $45.00 price target on shares of Nordstrom and gave the company a “hold” rating in a research report on Wednesday, January 10th. Finally, BMO Capital Markets set a $50.00 price target on shares of Nordstrom and gave the company a “hold” rating in a research report on Friday, January 12th. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and six have issued a buy rating to the company’s stock. Nordstrom presently has a consensus rating of “Hold” and a consensus target price of $48.92.

Shares of Nordstrom stock traded up $1.37 during trading on Monday, hitting $48.15. 1,446,801 shares of the stock were exchanged, compared to its average volume of 1,903,514. The stock has a market cap of $7,849.49, a P/E ratio of 16.27, a price-to-earnings-growth ratio of 2.28 and a beta of 0.83. Nordstrom has a 12-month low of $37.79 and a 12-month high of $54.00. The company has a current ratio of 1.07, a quick ratio of 0.45 and a debt-to-equity ratio of 2.74.

Nordstrom (NYSE:JWN) last released its quarterly earnings data on Thursday, March 1st. The specialty retailer reported $1.20 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.24 by ($0.04). The firm had revenue of $4.60 billion for the quarter, compared to analysts’ expectations of $4.57 billion. Nordstrom had a return on equity of 60.72% and a net margin of 2.86%. Nordstrom’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same period last year, the firm posted $1.27 earnings per share. sell-side analysts forecast that Nordstrom will post 3.42 earnings per share for the current fiscal year.

In related news, insider Ken Worzel sold 13,703 shares of Nordstrom stock in a transaction on Wednesday, April 11th. The shares were sold at an average price of $48.97, for a total transaction of $671,035.91. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CMO Scott A. Meden sold 10,000 shares of Nordstrom stock in a transaction on Thursday, April 12th. The stock was sold at an average price of $49.02, for a total transaction of $490,200.00. The disclosure for this sale can be found here. Insiders have sold a total of 24,703 shares of company stock worth $1,208,766 over the last quarter. 7.32% of the stock is owned by company insiders.

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About Nordstrom

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 Rack stores; and HauteLook; Trunk Club clubhouses and; Jeffrey boutiques; and clearance stores that operate under the Last Chance name.

Insider Buying and Selling by Quarter for Nordstrom (NYSE:JWN)

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