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Nordstrom (NYSE:JWN)‘s stock had its “neutral” rating reiterated by Zacks in a note issued to investors on Wednesday. They currently have a $71.00 target price on the stock. Zacks‘s price target suggests a potential upside of 4.37% from the stock’s previous close.

Zacks’ analyst wrote, “We remain encouraged by Nordstrom’s better-than-expected first-quarter fiscal 2014 results. The company’s customer strategy continued to bear fruit reflecting growth across channels, along with efficient inventory and expense management. Moreover, we believe that the company’s store expansion strategies and entry into the Canadian market will boost its top-line in the long run. However, the company’s projections for fiscal 2014 reflect higher costs across the board due to the ongoing investments, which will likely weigh on the bottom-line in the short run. Moreover, we remain cautious about the company’s growth prospects due to the soft economic recovery, intense competition and exposure to seasonal fluctuations. Hence, we retain our long-term Neutral’ recommendation on the stock.”

A number of other analysts have also recently weighed in on JWN. Analysts at Buckingham Research raised their price target on shares of Nordstrom from $62.00 to $70.00 in a research note on Friday, May 16th. They now have a “neutral” rating on the stock. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of Nordstrom from $58.00 to $64.00 in a research note on Friday, May 16th. They now have a “neutral” rating on the stock. Finally, analysts at Sterne Agee raised their price target on shares of Nordstrom from $54.00 to $64.00 in a research note on Friday, May 16th. Twelve investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $68.47.

Nordstrom (NYSE:JWN) traded up 0.41% on Wednesday, hitting $68.31. The stock had a trading volume of 1,112,825 shares. Nordstrom has a one year low of $54.90 and a one year high of $70.71. The stock has a 50-day moving average of $63.83 and a 200-day moving average of $61.54. The company has a market cap of $12.931 billion and a price-to-earnings ratio of 18.35.

Nordstrom (NYSE:JWN) last posted its quarterly earnings results on Thursday, May 15th. The company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.04. The company had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.86 billion. On average, analysts predict that Nordstrom will post $3.90 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Friday, June 13th. Stockholders of record on Friday, May 30th will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 1.94%. The ex-dividend date is Wednesday, May 28th.

Nordstrom, Inc is a fashion specialty retailer. As of March 18, 2013, the Company operates 242 United States stores located in 31 states, as well as an e-commerce business through nordstrom.

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