Several analysts have recently updated their ratings and price targets for Nordstrom (NYSE: JWN):

  • 6/19/2017 – Nordstrom was given a new $45.00 price target on by analysts at Royal Bank Of Canada. They now have a “hold” rating on the stock.
  • 6/12/2017 – Nordstrom was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating. They now have a $43.99 price target on the stock.
  • 6/12/2017 – Nordstrom had its “neutral” rating reaffirmed by analysts at Credit Suisse Group. They now have a $52.00 price target on the stock.
  • 6/9/2017 – Nordstrom had its “neutral” rating reaffirmed by analysts at Guggenheim.
  • 6/9/2017 – Nordstrom had its “accumulate” rating reaffirmed by analysts at Gordon Haskett.
  • 6/9/2017 – Nordstrom had its “outperform” rating reaffirmed by analysts at Cowen and Company. They now have a $49.00 price target on the stock.
  • 6/8/2017 – Nordstrom was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 6/5/2017 – Nordstrom was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating. They now have a $43.99 price target on the stock.
  • 5/29/2017 – Nordstrom was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating. They now have a $43.99 price target on the stock.
  • 5/17/2017 – Nordstrom had its “outperform” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $45.00 price target on the stock, down previously from $47.00.
  • 5/16/2017 – Nordstrom had its “neutral” rating reaffirmed by analysts at Northcoast Research.
  • 5/15/2017 – Nordstrom was downgraded by analysts at Vetr from a “strong-buy” rating to a “hold” rating. They now have a $42.98 price target on the stock.
  • 5/14/2017 – Nordstrom had its “neutral” rating reaffirmed by analysts at Instinet. They now have a $42.00 price target on the stock, down previously from $44.00.
  • 5/13/2017 – Nordstrom was given a new $50.00 price target on by analysts at Robert W. Baird. They now have a “hold” rating on the stock.
  • 5/13/2017 – Nordstrom was given a new $48.00 price target on by analysts at BMO Capital Markets. They now have a “hold” rating on the stock.
  • 5/13/2017 – Nordstrom was given a new $42.00 price target on by analysts at Piper Jaffray Companies. They now have a “hold” rating on the stock.
  • 5/12/2017 – Nordstrom had its price target lowered by analysts at Maxim Group from $61.00 to $56.00. They now have a “buy” rating on the stock.
  • 5/12/2017 – Nordstrom had its “hold” rating reaffirmed by analysts at Nomura. They now have a $42.00 price target on the stock. They wrote, “After the close yesterday, HAIN said it will publish results by end of May. The stock is up 5% pre-market. We continue to expect minimal revision to earnings, and think HAIN offers value at 18x our FY18 EPS estimates (which is 8% below consensus). Despite slowing, apparently, underlying top line trends, we see value.””
  • 5/12/2017 – Nordstrom had its price target lowered by analysts at Citigroup Inc. from $50.00 to $46.00. They now have a “neutral” rating on the stock.
  • 5/11/2017 – Nordstrom was downgraded by analysts at TheStreet from a “b-” rating to a “c” rating.
  • 5/10/2017 – Nordstrom was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Nordstrom’s shares have outperformed the broader industry on a year to date basis, as the company has been gaining from its focus on enhancing customer experience and productivity. We also commend Nordstrom’s strong brand image, cost saving initiatives and store expansion efforts. Further, the company’s progress on its 2020 strategy bodes well. Estimates have been stable lately ahead of the company’s first-quarter results. Moreover, the company has a record of positive earnings surprises in recent quarters. However, the company’s presence in the consumer-driven apparel space, keeps the company exposed to the risks of changing tastes, preferences and spending behavior of consumers. Also, stiff competition from other players remains a threat to margins. Further, the seasonal nature of the company’s business may hurt results if any season fails to deliver.”
  • 5/9/2017 – Nordstrom is now covered by analysts at Gordon Haskett. They set an “accumulate” rating and a $54.00 price target on the stock.
  • 5/4/2017 – Nordstrom was upgraded by analysts at Atlantic Securities from a “neutral” rating to an “overweight” rating. They now have a $58.00 price target on the stock, up previously from $45.00.
  • 5/4/2017 – Nordstrom was given a new $61.00 price target on by analysts at Maxim Group. They now have a “buy” rating on the stock.
  • 4/26/2017 – Nordstrom was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Nordstrom’s presence in the consumer-driven apparel space, keeps the company exposed to the risks of changing tastes, preferences and spending behavior of consumers. Also, stiff competition from other players remains a threat to margins. Further, the seasonal nature of the company’s business may hurt results if any season fails to deliver. While the shares of Nordstrom have declined 1.7% year to date, it has outperformed the broader industry. Estimates have been stable lately ahead of the company’s first-quarter results. Moreover, the company has a record of positive earnings surprises in recent quarters. The company has been gaining from its focus on enhancing customer experience and productivity. We also commend Nordstrom’s strong brand image, cost saving initiatives and store expansion efforts. Further, the company’s progress on its 2020 strategy bodes well.”
  • 4/26/2017 – Nordstrom was upgraded by analysts at TheStreet from a “c” rating to a “b-” rating.
  • 4/24/2017 – Nordstrom was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $53.07 price target on the stock.

Nordstrom, Inc. (NYSE:JWN) opened at 47.48 on Friday. The stock has a market cap of $7.88 billion, a PE ratio of 22.23 and a beta of 0.86. The firm’s 50-day moving average price is $44.51 and its 200 day moving average price is $46.15. Nordstrom, Inc. has a 1-year low of $35.01 and a 1-year high of $62.82.

The firm also recently declared a quarterly dividend, which was paid on Monday, June 12th. Shareholders of record on Friday, May 26th were issued a $0.37 dividend. The ex-dividend date of this dividend was Wednesday, May 24th. This represents a $1.48 annualized dividend and a dividend yield of 3.12%. Nordstrom’s dividend payout ratio (DPR) is currently 69.48%.

In other Nordstrom news, insider Daniel F. Little sold 7,423 shares of the stock in a transaction dated Monday, April 3rd. The stock was sold at an average price of $47.01, for a total value of $348,955.23. Following the completion of the sale, the insider now directly owns 76,371 shares in the company, valued at $3,590,200.71. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 7.03% of the stock is owned by corporate insiders.

Nordstrom, Inc is a fashion specialty retailer in the United States. The Company’s segments include Retail and Credit. As of March 20, 2017, the Company operated 344 the United States stores located in 40 states as well as an e-commerce business. The Company also offers its customers a variety of payment products and services, including credit and debit cards.

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