Nordstrom (JWN) Given a $50.00 Price Target by BMO Capital Markets Analysts

Nordstrom (NYSE:JWN) received a $50.00 target price from BMO Capital Markets in a report released on Friday. The firm presently has a “hold” rating on the specialty retailer’s stock. BMO Capital Markets’ price target points to a potential downside of 3.51% from the company’s current price.

JWN has been the topic of a number of other research reports. UBS Group decreased their price target on shares of Nordstrom from $46.00 to $43.00 and set a “neutral” rating on the stock in a research note on Friday, November 10th. Piper Jaffray Companies set a $45.00 price target on shares of Nordstrom and gave the company a “hold” rating in a research note on Wednesday. Robert W. Baird reiterated a “hold” rating and issued a $50.00 price target on shares of Nordstrom in a research note on Wednesday, November 1st. Zacks Investment Research upgraded shares of Nordstrom from a “sell” rating to a “hold” rating in a research note on Wednesday, December 27th. Finally, Cowen reiterated a “buy” rating and issued a $50.00 price target on shares of Nordstrom in a research note on Friday, November 10th. Three research analysts have rated the stock with a sell rating, eighteen have given a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $46.63.

Nordstrom (NYSE JWN) traded up $1.72 during trading on Friday, hitting $51.82. 5,200,000 shares of the stock traded hands, compared to its average volume of 2,260,000. The firm has a market cap of $8,630.00, a price-to-earnings ratio of 18.18, a PEG ratio of 2.81 and a beta of 0.89. Nordstrom has a one year low of $37.79 and a one year high of $53.00. The company has a quick ratio of 0.30, a current ratio of 1.00 and a debt-to-equity ratio of 3.14.

Nordstrom (NYSE:JWN) last announced its quarterly earnings results on Thursday, November 9th. The specialty retailer reported $0.67 EPS for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.04. Nordstrom had a net margin of 3.25% and a return on equity of 67.44%. The business had revenue of $3.54 billion for the quarter, compared to analyst estimates of $3.50 billion. During the same quarter in the prior year, the business earned $0.84 EPS. Nordstrom’s quarterly revenue was up 2.0% on a year-over-year basis. sell-side analysts anticipate that Nordstrom will post 2.97 earnings per share for the current fiscal year.

Institutional investors have recently modified their holdings of the company. Thrivent Financial For Lutherans bought a new stake in shares of Nordstrom during the 2nd quarter worth approximately $202,000. Stonebridge Capital Advisors LLC lifted its holdings in shares of Nordstrom by 5.0% during the 2nd quarter. Stonebridge Capital Advisors LLC now owns 71,988 shares of the specialty retailer’s stock worth $3,443,000 after acquiring an additional 3,428 shares during the period. Evergreen Capital Management LLC lifted its holdings in shares of Nordstrom by 233.6% during the 3rd quarter. Evergreen Capital Management LLC now owns 284,681 shares of the specialty retailer’s stock worth $13,423,000 after acquiring an additional 199,339 shares during the period. APG Asset Management N.V. lifted its holdings in shares of Nordstrom by 6.8% during the 3rd quarter. APG Asset Management N.V. now owns 1,519,455 shares of the specialty retailer’s stock worth $71,642,000 after acquiring an additional 97,000 shares during the period. Finally, Schwab Charles Investment Management Inc. lifted its holdings in shares of Nordstrom by 26.8% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 797,763 shares of the specialty retailer’s stock worth $37,615,000 after acquiring an additional 168,724 shares during the period. 57.58% of the stock is owned by institutional investors.

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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)