Nordstrom, Inc. (NYSE:JWN) has earned an average recommendation of “Hold” from the twenty-three brokerages that are currently covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a sell rating, fifteen have issued a hold rating and one has given a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $39.64.
Several research analysts have recently weighed in on JWN shares. Piper Jaffray Companies decreased their target price on shares of Pure Storage from $25.00 to $20.00 and set an “overweight” rating for the company in a research note on Wednesday, May 22nd. JPMorgan Chase & Co. set a €21.00 ($24.42) target price on shares of Infineon Technologies and gave the company a “buy” rating in a research note on Wednesday, May 22nd. Wedbush set a $190.00 target price on shares of Home Depot and gave the company a “hold” rating in a research note on Wednesday, May 22nd. Gordon Haskett upgraded shares of Nordstrom from a “reduce” rating to a “hold” rating and set a $33.71 target price for the company in a research note on Thursday, June 20th. Finally, Cowen decreased their target price on shares of Nordstrom from $44.00 to $36.00 and set a “market perform” rating for the company in a research note on Thursday, May 23rd.
In other Nordstrom news, insider Christine Deputy sold 4,812 shares of the stock in a transaction on Friday, June 14th. The shares were sold at an average price of $32.59, for a total transaction of $156,823.08. Following the transaction, the insider now directly owns 60,056 shares in the company, valued at approximately $1,957,225.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Peter E. Nordstrom sold 3,380 shares of the stock in a transaction on Monday, June 10th. The shares were sold at an average price of $32.46, for a total transaction of $109,714.80. Following the transaction, the insider now owns 2,530,989 shares in the company, valued at $82,155,902.94. The disclosure for this sale can be found here. Corporate insiders own 5.21% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Cerebellum GP LLC lifted its position in shares of Nordstrom by 47.6% in the 2nd quarter. Cerebellum GP LLC now owns 10,808 shares of the specialty retailer’s stock worth $344,000 after buying an additional 3,487 shares during the last quarter. Buckley Wealth Management LLC increased its holdings in shares of Nordstrom by 10.1% in the 2nd quarter. Buckley Wealth Management LLC now owns 14,720 shares of the specialty retailer’s stock worth $469,000 after acquiring an additional 1,355 shares during the period. Bessemer Group Inc. increased its holdings in shares of Nordstrom by 57.2% in the 2nd quarter. Bessemer Group Inc. now owns 10,698 shares of the specialty retailer’s stock worth $341,000 after acquiring an additional 3,892 shares during the period. Commonwealth Equity Services LLC increased its holdings in shares of Nordstrom by 11.7% in the 2nd quarter. Commonwealth Equity Services LLC now owns 149,148 shares of the specialty retailer’s stock worth $4,751,000 after acquiring an additional 15,640 shares during the period. Finally, Cascade Investment Advisors Inc. increased its holdings in shares of Nordstrom by 6.1% in the 2nd quarter. Cascade Investment Advisors Inc. now owns 30,999 shares of the specialty retailer’s stock worth $988,000 after acquiring an additional 1,770 shares during the period. Hedge funds and other institutional investors own 62.39% of the company’s stock.
Shares of Nordstrom stock traded up $0.35 during trading hours on Tuesday, hitting $29.72. The company’s stock had a trading volume of 2,775,100 shares, compared to its average volume of 3,486,770. Nordstrom has a 1-year low of $29.26 and a 1-year high of $67.75. The firm has a fifty day moving average price of $31.83. The firm has a market cap of $4.60 billion, a P/E ratio of 8.37, a PEG ratio of 1.49 and a beta of 0.65. The company has a quick ratio of 0.24, a current ratio of 0.76 and a debt-to-equity ratio of 6.34.
Nordstrom (NYSE:JWN) last released its quarterly earnings data on Tuesday, May 21st. The specialty retailer reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.20). Nordstrom had a return on equity of 58.16% and a net margin of 3.27%. The business had revenue of $3.44 billion during the quarter, compared to analyst estimates of $3.54 billion. During the same period in the previous year, the company earned $0.51 EPS. Analysts anticipate that Nordstrom will post 3.32 EPS for the current year.
Nordstrom Company Profile
Nordstrom, Inc, a fashion retailer, provides apparel, shoes, cosmetics, and accessories for women, men, young adults, and children. It offers a range of brand name and private label merchandise through various channels, such as Nordstrom branded full-line stores and online store at Nordstrom.com; Nordstrom Rack stores; Nordstromrack.com and HauteLook; Jeffrey boutiques; clearance stores that operate under the Last Chance name; Trunk Club clubhouses and TrunkClub.com; and Nordstrom Locals.
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