Shares of Nordstrom, Inc. (NYSE: JWN) have received a consensus recommendation to “hold” by the sixteen brokerage firms that currently cover the company, reports Marketbeat.com. Three research analysts rated the stock with a sell rating, eight assigned a conservation rating, two issued a buy rating, and one issued a strong buy rating for the company. The 12-month average price target among brokers who updated their stock coverage in the past year is $ 29.86.
A number of equity research analysts have commented on the company. William Blair reissued a “market performance” rating on Nordstrom shares in a research note on Wednesday, November 24. Deutsche Bank Aktiengesellschaft lowered its price target on Nordstrom from $ 37.00 to $ 27.00 and set a “conservation” rating for the company in a research note on Monday, November 29. Evercore ISI reduced its price target on Nordstrom from $ 45 to $ 35 and established an “outperformance” rating for the company in a research note on Wednesday, November 24. Robert W. Baird reduced his price target on Nordstrom from $ 39.00 to $ 30.00 and set a “neutral” rating for the company in a research note on Wednesday, November 24. Finally, Credit Suisse Group lowered its price target on Nordstrom from $ 34.00 to $ 26.00 and set a “neutral” rating on the stock in a research report published on Wednesday, November 24.
NYSE JWN opened for $ 22.62 on Friday. The company has a 50-day simple moving average of $ 25.98 and a 200-day simple moving average of $ 29.65. Nordstrom has a one-year low of $ 18.94 and a one-year high of $ 46.45. The stock has a market cap of $ 3.60 billion, a P / E ratio of 565.50, a P / E / G ratio of 2.84 and a beta of 2.41. The company has a leverage ratio of 7.94, a current ratio of 0.92, and a rapid ratio of 0.22.
Nordstrom (NYSE: JWN) last released its results on Tuesday, November 23. The specialty retailer reported $ 0.39 of EPS for the quarter, missing the consensus estimate of $ 0.56 of ($ 0.17). Nordstrom had a return on equity of 27.68% and a net margin of 0.08%. The company posted revenue of $ 3.64 billion for the quarter, compared to analysts’ estimates of $ 3.54 billion. During the same period of the previous year, the company made EPS of $ 0.22. The company’s revenue for the quarter increased 17.7% year-over-year. Stock analysts expect Nordstrom to post earnings per share of 1.28 for the current year.
In other Nordstrom news, the director Bradley D. Tilden bought 22,000 shares of the company in a transaction that took place on Friday, November 26. The shares were acquired at an average cost of $ 21.27 per share, for a total transaction of $ 467,940.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 5.55% of the company’s shares.
Several institutional investors and hedge funds have recently changed their holdings in JWN. Walled Lake Planning & Wealth Management LLC purchased a new second quarter equity interest in Nordstrom valued at $ 29,000. Mine & Arao Wealth Creation & Management LLC. increased its stake in Nordstrom shares by 293.3% in the third quarter. Mine & Arao Wealth Creation & Management LLC. now owns 1,180 shares of the specialty retailer valued at $ 31,000 after purchasing an additional 880 shares during the period. Kozak & Associates Inc. purchased a new third quarter stake in Nordstrom shares valued at $ 45,000. TCTC Holdings LLC purchased a new stake in Nordstrom shares in the third quarter valued at $ 48,000. Finally, Parallel Advisors LLC increased its stake in Nordstrom shares by 122.1% in the second quarter. Parallel Advisors LLC now owns 1,455 shares of the specialty retailer valued at $ 53,000 after purchasing an additional 800 shares during the period. Hedge funds and other institutional investors hold 59.29% of the company’s shares.
Nordstrom, Inc is engaged in the manufacture and trade of clothing, footwear and accessories. It operates through retail; and Business / Other. The Retail segment comprises a selection of high quality, branded and private label merchandise, which includes clothing, footwear, cosmetics and accessories for women, men, young adults and children.
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