Nordstrom, Inc. (JWN) Given Average Recommendation of “Hold” by Brokerages

Shares of Nordstrom, Inc. (NYSE:JWN) have received an average recommendation of “Hold” from the twenty-seven ratings firms that are currently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell rating, seventeen have given a hold rating and seven have issued a buy rating on the company. The average 1-year target price among analysts that have covered the stock in the last year is $47.34.

Several brokerages have recently commented on JWN. UBS Group cut their price target on Nordstrom from $46.00 to $43.00 and set a “neutral” rating on the stock in a research note on Friday, November 10th. Robert W. Baird cut their price target on Nordstrom from $50.00 to $43.00 and set a “neutral” rating on the stock in a research note on Friday, November 10th. Cowen restated a “buy” rating and set a $50.00 price target on shares of Nordstrom in a research note on Friday, November 10th. William Blair lowered Nordstrom from an “outperform” rating to a “market perform” rating in a research note on Tuesday, January 23rd. Finally, BMO Capital Markets set a $50.00 price target on Nordstrom and gave the company a “hold” rating in a research note on Friday, January 12th.

Nordstrom (NYSE JWN) opened at $46.64 on Tuesday. The company has a market capitalization of $7,970.97, a price-to-earnings ratio of 16.42, a PEG ratio of 2.55 and a beta of 0.90. The company has a debt-to-equity ratio of 3.14, a quick ratio of 0.30 and a current ratio of 1.00. Nordstrom has a 52 week low of $37.79 and a 52 week high of $53.00.

Nordstrom (NYSE:JWN) last announced its quarterly earnings results on Thursday, November 9th. The specialty retailer reported $0.67 EPS for the quarter, beating the consensus estimate of $0.63 by $0.04. The firm had revenue of $3.54 billion for the quarter, compared to analyst estimates of $3.50 billion. Nordstrom had a return on equity of 67.44% and a net margin of 3.25%. The business’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.84 earnings per share. analysts forecast that Nordstrom will post 2.99 EPS for the current year.

A number of hedge funds have recently modified their holdings of JWN. Disciplined Growth Investors Inc. MN boosted its holdings in Nordstrom by 1,155.2% in the second quarter. Disciplined Growth Investors Inc. MN now owns 893,200 shares of the specialty retailer’s stock worth $42,722,000 after acquiring an additional 822,038 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in Nordstrom by 596.9% in the third quarter. Ameriprise Financial Inc. now owns 779,081 shares of the specialty retailer’s stock worth $36,734,000 after acquiring an additional 667,296 shares in the last quarter. USS Investment Management Ltd acquired a new stake in Nordstrom in the fourth quarter worth about $27,700,000. Amundi Pioneer Asset Management Inc. boosted its holdings in Nordstrom by 196.0% in the third quarter. Amundi Pioneer Asset Management Inc. now owns 694,237 shares of the specialty retailer’s stock worth $32,733,000 after acquiring an additional 459,719 shares in the last quarter. Finally, Symons Capital Management Inc. acquired a new stake in Nordstrom in the third quarter worth about $12,932,000. 57.87% of the stock is currently owned by institutional investors.

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About Nordstrom

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.

Analyst Recommendations for Nordstrom (NYSE:JWN)

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