Nordstrom Given Average Rating of “Hold” by Brokerages (NYSE:JWN)
Nordstrom (NYSE:JWN) has received a consensus rating of “Hold” from the twenty analysts that are presently covering the company, American Banking News reports. Eleven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $70.19.
A number of research firms have recently commented on JWN. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Nordstrom in a research note on Friday, August 15th. They now have a $77.00 price target on the stock, down previously from $78.00. Separately, 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, August 12th. They now have a “buy” rating on the stock.
Nordstrom (NYSE:JWN) traded up 0.60% during mid-day trading on Monday, hitting $69.87. 74,609 shares of the company’s stock traded hands. Nordstrom has a 1-year low of $54.90 and a 1-year high of $70.71. The stock’s 50-day moving average is $68.57 and its 200-day moving average is $64.68. The company has a market cap of $13.177 billion and a P/E ratio of 18.59.
Nordstrom (NYSE:JWN) last announced its earnings results on Thursday, August 14th. The company reported $0.95 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.94 by $0.01. The company had revenue of $3.30 billion for the quarter, compared to the consensus estimate of $3.39 billion. On average, analysts predict that Nordstrom will post $3.88 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, September 17th. Investors of record on Tuesday, September 2nd will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 1.90%. The ex-dividend date is Thursday, August 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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