Nordstrom PT Raised to $78.00 at Topeka Capital Markets (JWN)
Investment analysts at Topeka Capital Markets upped their target price on shares of Nordstrom (NYSE:JWN) from $75.00 to $78.00 in a note issued to investors on Tuesday. The firm currently has a “buy” rating on the stock. Topeka Capital Markets’ target price would indicate a potential upside of 12.78% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. 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. Separately, analysts at Goldman Sachs downgraded shares of Nordstrom from a “buy” rating to a “neutral” rating in a research note on Monday, June 23rd. They now have a $74.00 price target on the stock. They noted that the move was a valuation call. Finally, 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. Twelve analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $69.82.
Nordstrom (NYSE:JWN) opened at 69.16 on Tuesday. Nordstrom has a 52-week low of $54.90 and a 52-week high of $70.71. The stock’s 50-day moving average is $68.63 and its 200-day moving average is $64.0. The company has a market cap of $13.138 billion and a price-to-earnings ratio of 18.87.
Nordstrom (NYSE:JWN) last released its earnings data on Thursday, May 15th. The company reported $0.72 EPS for the quarter, beating the Thomson Reuters 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. Analysts expect that Nordstrom will post $3.90 EPS 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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