Nordstrom, Inc. (NYSE:JWN) Given Consensus Rating of “Reduce” by Brokerages

Shares of Nordstrom, Inc. (NYSE:JWN) have received an average rating of “Reduce” from the twelve brokerages that are covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $22.90.

A number of research analysts have issued reports on JWN shares. Telsey Advisory Group reissued a “market perform” rating and issued a $24.00 target price on shares of Nordstrom in a research note on Wednesday, March 5th. Argus cut shares of Nordstrom from a “buy” rating to a “sell” rating in a report on Monday, December 30th. Barclays raised their price objective on shares of Nordstrom from $23.00 to $24.00 and gave the stock an “equal weight” rating in a report on Thursday, January 16th. UBS Group raised shares of Nordstrom from a “sell” rating to a “neutral” rating and upped their target price for the stock from $14.50 to $24.00 in a research note on Friday, January 10th. Finally, Evercore ISI lifted their price target on Nordstrom from $22.00 to $24.00 and gave the company an “in-line” rating in a research note on Monday, January 13th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of JWN. Cooper Creek Partners Management LLC increased its position in shares of Nordstrom by 11.0% during the 4th quarter. Cooper Creek Partners Management LLC now owns 3,757,847 shares of the specialty retailer’s stock worth $90,752,000 after purchasing an additional 372,024 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Nordstrom by 4.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,265,322 shares of the specialty retailer’s stock worth $78,858,000 after buying an additional 138,900 shares during the last quarter. American Century Companies Inc. raised its position in Nordstrom by 18.3% during the fourth quarter. American Century Companies Inc. now owns 2,912,254 shares of the specialty retailer’s stock worth $70,331,000 after acquiring an additional 450,539 shares in the last quarter. Pentwater Capital Management LP acquired a new stake in Nordstrom in the fourth quarter valued at $61,582,000. Finally, Hennessy Advisors Inc. bought a new position in shares of Nordstrom in the 4th quarter valued at about $56,026,000. 88.73% of the stock is owned by institutional investors and hedge funds.

Nordstrom Price Performance

Shares of JWN opened at $24.40 on Friday. The stock has a market cap of $4.03 billion, a P/E ratio of 15.54 and a beta of 2.60. Nordstrom has a 1 year low of $17.21 and a 1 year high of $24.99. The stock’s 50-day moving average price is $24.27 and its two-hundred day moving average price is $23.53. The company has a current ratio of 1.14, a quick ratio of 0.35 and a debt-to-equity ratio of 2.65.

Nordstrom (NYSE:JWN) last released its quarterly earnings data on Tuesday, March 4th. The specialty retailer reported $1.10 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.20. The business had revenue of $4.32 billion for the quarter, compared to analyst estimates of $4.32 billion. Nordstrom had a negative net margin of 1.57% and a negative return on equity of 18.04%. On average, equities analysts predict that Nordstrom will post 1.97 earnings per share for the current year.

Nordstrom Company Profile

Nordstrom, Inc, a fashion retailer, provides apparels, shoes, beauty, accessories, and home goods 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 stores and online at Nordstrom.com; Nordstrom.ca; Nordstrom stores; Nordstrom Rack stores; Nordstrom Locals; ASOS; Nordstromrack.com; mobile application; and clearance stores under the Last Chance name.