Recent Research Analysts’ Ratings Changes for Nordstrom (JWN)

Nordstrom (NYSE: JWN) recently received a number of ratings updates from brokerages and research firms:

  • 1/15/2018 – Nordstrom was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $56.00 price target on the stock. According to Zacks, “Nordstrom has been gaining from the smooth execution of customer strategy along with disciplined inventory and expense management. Also, the company is enhancing market share through persistent store expansion and strengthening capabilities through further investments, particularly in digital growth. Notably, its third-quarter fiscal 2017 results marked sixth straight time of earnings beat, sales topped estimates for the second consecutive quarter. Moreover, the company’s solid holiday season feat and raised earnings guidance for fiscal 2017, also increases hopes for a spectacular 2018. However, the company has underperformed the industry in the last six months due to higher expenses. Higher investments toward occupancy, technology, supply chain and marketing continue to weigh upon near term costs and margins. Further, the company expects these hurdles to continue hurting results in fiscal 2017.”
  • 1/12/2018 – Nordstrom was given a new $50.00 price target on by analysts at BMO Capital Markets. They now have a “hold” rating on the stock.
  • 1/10/2018 – Nordstrom was given a new $45.00 price target on by analysts at Piper Jaffray Companies. They now have a “hold” rating on the stock.
  • 1/2/2018 – Nordstrom was upgraded by analysts at JPMorgan Chase & Co. from an “underweight” rating to a “neutral” rating. They now have a $48.00 price target on the stock, up previously from $33.00.
  • 12/31/2017 – Nordstrom was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 12/27/2017 – Nordstrom was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Nordstrom has been gaining from the smooth execution of customer strategy along with disciplined inventory and expense management. Also, the company is enhancing market share through persistent store expansion and strengthening capabilities through further investments, particularly in digital growth. Notably, its third-quarter fiscal 2017 results marked sixth straight time of earnings beat, sales topped the Zacks Consensus Estimate for the second consecutive quarter. However, the company has underperformed the industry in the last three months. Also, higher investments toward occupancy, technology, supply chain and marketing are weighing upon the company's performance. Consequently, its merchandise margin was hurt by higher occupancy expenses related to new Rack and Canada stores in the last quarter, leading to lower gross margin. Additionally, the company expects these hurdles to continue hurting results in fiscal 2017.”
  • 12/22/2017 – Nordstrom was given a new $49.00 price target on by analysts at Robert W. Baird. They now have a “hold” rating on the stock.

Nordstrom, Inc. (NYSE:JWN) opened at $50.18 on Wednesday. The company has a current ratio of 1.00, a quick ratio of 0.30 and a debt-to-equity ratio of 3.14. The stock has a market cap of $8,360.00, a price-to-earnings ratio of 17.61, a price-to-earnings-growth ratio of 2.90 and a beta of 0.89. Nordstrom, Inc. has a 1 year low of $37.79 and a 1 year high of $53.00.

Nordstrom (NYSE:JWN) last issued its quarterly earnings data on Thursday, November 9th. The specialty retailer reported $0.67 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.04. The business had revenue of $3.54 billion for the quarter, compared to the consensus estimate of $3.50 billion. Nordstrom had a net margin of 3.25% and a return on equity of 67.44%. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.84 EPS. equities research analysts predict that Nordstrom, Inc. will post 2.98 earnings per share for the current year.

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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