Nordstrom, Inc. (NYSE:JWN)‘s stock had its “overweight” rating reiterated by analysts at KeyCorp in a research note issued to investors on Thursday. They presently have a $55.00 target price on the specialty retailer’s stock. KeyCorp’s price objective suggests a potential upside of 15.21% from the company’s current price.

JWN has been the topic of several other research reports. Gordon Haskett reaffirmed an “accumulate” rating on shares of Nordstrom in a report on Friday, June 9th. J P Morgan Chase & Co reaffirmed an “underweight” rating and set a $48.00 price target on shares of Nordstrom in a report on Friday, July 14th. ValuEngine downgraded shares of Nordstrom from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Vetr downgraded shares of Nordstrom from a “sell” rating to a “strong sell” rating and set a $41.54 target price on the stock. in a report on Monday, July 17th. Finally, William Blair reissued an “outperform” rating on shares of Nordstrom in a report on Tuesday. Four analysts have rated the stock with a sell rating, seventeen have given a hold rating and eight have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $48.26.

Shares of Nordstrom (JWN) traded down 2.58% during mid-day trading on Thursday, hitting $46.51. 1,930,201 shares of the company were exchanged. The company has a market capitalization of $7.73 billion, a P/E ratio of 22.03 and a beta of 0.82. Nordstrom has a 52 week low of $39.53 and a 52 week high of $62.82. The company has a 50 day moving average of $45.94 and a 200 day moving average of $45.60.

Nordstrom (NYSE:JWN) last issued its quarterly earnings results on Thursday, August 10th. The specialty retailer reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.03. Nordstrom had a net margin of 2.44% and a return on equity of 71.57%. The business had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.70 billion. During the same quarter in the previous year, the firm earned $0.67 earnings per share. The company’s revenue for the quarter was up 3.5% on a year-over-year basis. Equities analysts anticipate that Nordstrom will post $2.97 earnings per share for the current year.

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Hedge funds have recently added to or reduced their stakes in the business. Parallel Advisors LLC increased its holdings in shares of Nordstrom by 12.7% during the first quarter. Parallel Advisors LLC now owns 2,099 shares of the specialty retailer’s stock valued at $104,000 after acquiring an additional 236 shares in the last quarter. Gemmer Asset Management LLC increased its holdings in shares of Nordstrom by 0.8% during the second quarter. Gemmer Asset Management LLC now owns 2,270 shares of the specialty retailer’s stock valued at $109,000 after acquiring an additional 18 shares in the last quarter. NEXT Financial Group Inc increased its holdings in shares of Nordstrom by 55.4% during the second quarter. NEXT Financial Group Inc now owns 2,642 shares of the specialty retailer’s stock valued at $126,000 after acquiring an additional 942 shares in the last quarter. Ameritas Investment Partners Inc. increased its holdings in shares of Nordstrom by 6,460.5% during the first quarter. Ameritas Investment Partners Inc. now owns 2,821 shares of the specialty retailer’s stock valued at $131,000 after acquiring an additional 2,778 shares in the last quarter. Finally, Sei Investments Co. increased its holdings in shares of Nordstrom by 32.0% during the second quarter. Sei Investments Co. now owns 3,177 shares of the specialty retailer’s stock valued at $152,000 after acquiring an additional 771 shares in the last quarter. 63.71% of the stock is owned by institutional investors and hedge funds.

About Nordstrom

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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