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Nordstrom (NYSE:JWN) was the recipient of some unusual options trading on Tuesday. Traders bought 3,683 put options on the stock, StockRatingsNetwork.com reports. This represents an increase of 528% compared to the average daily volume of 586 put options.

JWN has been the subject of a number of recent research reports. Analysts at Topeka Capital Markets raised their price target on shares of Nordstrom from $75.00 to $78.00 in a research note on Tuesday. They now have a “buy” rating on the stock. Separately, analysts at Deutsche Bank raised their price target on shares of Nordstrom from $72.00 to $78.00 in a research note on Monday, July 28th. They now have a “buy” rating on the stock. Twelve equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $69.82.

Shares of Nordstrom (NYSE:JWN) traded down 0.65% on Tuesday, hitting $68.71. The stock had a trading volume of 1,480,822 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 $68.63 and a 200-day moving average of $64.0. The company has a market cap of $13.053 billion and a P/E ratio of 18.66.

Nordstrom (NYSE:JWN) last posted its quarterly earnings results on Thursday, May 15th. The company reported $0.72 earnings per share for the quarter, beating the analysts’ 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.

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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