Shares of Nordstrom, Inc. (NYSE:JWN) have earned an average recommendation of “Hold” from the twenty-nine ratings firms that are presently covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a sell recommendation, eighteen have given a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is $46.17.

A number of research firms recently weighed in on JWN. Atlantic Securities raised shares of Nordstrom from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $45.00 to $58.00 in a report on Thursday, May 4th. Zacks Investment Research raised shares of Nordstrom from a “sell” rating to a “hold” rating in a report on Wednesday, May 10th. Maxim Group set a $61.00 target price on shares of Nordstrom and gave the stock a “buy” rating in a report on Thursday, May 4th. Gordon Haskett began coverage on shares of Nordstrom in a report on Tuesday, May 9th. They set an “accumulate” rating and a $54.00 target price on the stock. Finally, TheStreet raised shares of Nordstrom from a “c” rating to a “b-” rating in a report on Wednesday, April 26th.

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A number of large investors have recently made changes to their positions in JWN. Gemmer Asset Management LLC boosted its stake in shares of Nordstrom by 0.8% in the first quarter. Gemmer Asset Management LLC now owns 2,252 shares of the specialty retailer’s stock valued at $105,000 after buying an additional 18 shares during the last quarter. Mosaic Family Wealth LLC boosted its stake in shares of Nordstrom by 3.8% in the first quarter. Mosaic Family Wealth LLC now owns 2,953 shares of the specialty retailer’s stock valued at $138,000 after buying an additional 109 shares during the last quarter. State of Alaska Department of Revenue boosted its stake in shares of Nordstrom by 1.5% in the second quarter. State of Alaska Department of Revenue now owns 9,520 shares of the specialty retailer’s stock valued at $455,000 after buying an additional 140 shares during the last quarter. Ken Stern & Associates Inc. boosted its stake in shares of Nordstrom by 2.7% in the first quarter. Ken Stern & Associates Inc. now owns 6,155 shares of the specialty retailer’s stock valued at $297,000 after buying an additional 159 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. boosted its stake in shares of Nordstrom by 5.5% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,467 shares of the specialty retailer’s stock valued at $151,000 after buying an additional 180 shares during the last quarter. 64.07% of the stock is owned by institutional investors and hedge funds.

Nordstrom (NYSE:JWN) opened at 47.10 on Friday. Nordstrom has a 52 week low of $39.05 and a 52 week high of $62.82. The company has a market capitalization of $7.82 billion, a PE ratio of 22.05 and a beta of 0.83. The company has a 50-day moving average of $46.32 and a 200-day moving average of $45.27.

Nordstrom Company Profile

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.

Analyst Recommendations for Nordstrom (NYSE:JWN)

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