Nordstrom, Inc. (NYSE:JWN)‘s stock had its “hold” rating reiterated by research analysts at Royal Bank Of Canada in a note issued to investors on Thursday. They presently have a $45.00 target price on the specialty retailer’s stock. Royal Bank Of Canada’s price objective would suggest a potential upside of 1.69% from the company’s current price.

Several other equities analysts have also commented on JWN. ValuEngine lowered shares of Nordstrom from a “buy” rating to a “hold” rating in a report on Thursday, June 8th. UBS AG lowered shares of Nordstrom from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $51.00 to $46.00 in a report on Friday, June 9th. Guggenheim reiterated a “neutral” rating on shares of Nordstrom in a report on Friday, June 9th. Gordon Haskett reiterated an “accumulate” rating on shares of Nordstrom in a report on Friday, June 9th. Finally, Cowen and Company reiterated an “outperform” rating and set a $49.00 target price on shares of Nordstrom in a report on Friday, June 9th. Four research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eight have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $47.77.

Shares of Nordstrom (NYSE JWN) traded up 0.893% during trading on Thursday, reaching $44.645. 737,476 shares of the company traded hands. The firm’s 50 day moving average price is $45.67 and its 200-day moving average price is $45.75. Nordstrom has a 52 week low of $39.53 and a 52 week high of $62.82. The company has a market capitalization of $7.42 billion, a price-to-earnings ratio of 21.149 and a beta of 0.85.

Nordstrom (NYSE:JWN) last issued its quarterly earnings data on Thursday, August 10th. The specialty retailer reported $0.65 EPS for the quarter, topping 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 firm had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.70 billion. During the same period in the prior year, the business posted $0.67 EPS. The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. Equities analysts anticipate that Nordstrom will post $2.98 EPS for the current fiscal year.

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Hedge funds and other institutional investors have recently bought and sold shares of the stock. Parallel Advisors LLC grew its position in shares of Nordstrom by 12.7% in the 1st quarter. Parallel Advisors LLC now owns 2,099 shares of the specialty retailer’s stock valued at $104,000 after buying an additional 236 shares during the last quarter. Gemmer Asset Management LLC grew its position in shares of Nordstrom by 0.8% in the 2nd quarter. Gemmer Asset Management LLC now owns 2,270 shares of the specialty retailer’s stock valued at $109,000 after buying an additional 18 shares during the last quarter. NEXT Financial Group Inc grew its position in shares of Nordstrom by 55.4% in the 2nd quarter. NEXT Financial Group Inc now owns 2,642 shares of the specialty retailer’s stock valued at $126,000 after buying an additional 942 shares during the last quarter. Ameritas Investment Partners Inc. grew its position in shares of Nordstrom by 6,460.5% in the 1st quarter. Ameritas Investment Partners Inc. now owns 2,821 shares of the specialty retailer’s stock valued at $131,000 after buying an additional 2,778 shares during the last quarter. Finally, Sei Investments Co. grew its position in shares of Nordstrom by 32.0% in the 2nd quarter. Sei Investments Co. now owns 3,177 shares of the specialty retailer’s stock valued at $152,000 after buying an additional 771 shares during the last quarter. 63.14% of the stock is currently owned by hedge funds and other institutional investors.

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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