Nordstrom, Inc. (NYSE:JWN) Given Average Recommendation of "Reduce" by Analysts

Shares of Nordstrom, Inc. (NYSE:JWN - Get Free Report) have been given a consensus rating of "Reduce" by the twelve brokerages that are presently covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $22.80.

Several analysts have recently commented on JWN shares. Citigroup restated a "sell" rating and issued a $22.00 target price (down previously from $25.00) on shares of Nordstrom in a research note on Friday, April 4th. UBS Group raised Nordstrom from a "sell" rating to a "neutral" rating and lifted their price objective for the company from $14.50 to $24.00 in a report on Friday, January 10th. Barclays increased their target price on Nordstrom from $23.00 to $24.00 and gave the stock an "equal weight" rating in a research note on Thursday, January 16th. Telsey Advisory Group reaffirmed a "market perform" rating and set a $24.00 price objective on shares of Nordstrom in a report on Wednesday, March 5th. Finally, Evercore ISI raised their target price on Nordstrom from $22.00 to $24.00 and gave the company an "in-line" rating in a report on Monday, January 13th.

Nordstrom Trading Up 0.1 %

NYSE JWN opened at $24.40 on Friday. Nordstrom has a one year low of $19.45 and a one year high of $24.99. The firm has a market cap of $4.08 billion, a PE ratio of 15.54 and a beta of 2.36. The firm's fifty day moving average is $24.11 and its two-hundred day moving average is $23.84. The company has a debt-to-equity ratio of 2.65, a quick ratio of 0.35 and a current ratio of 1.14.

Nordstrom (NYSE:JWN - Get Free Report) last issued its quarterly earnings results on Tuesday, March 4th. The specialty retailer reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.20. Nordstrom had a negative return on equity of 18.04% and a negative net margin of 1.57%. The firm had revenue of $4.32 billion for the quarter, compared to analysts' expectations of $4.32 billion. Analysts expect that Nordstrom will post 1.97 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of JWN. Madison Investment Advisors LLC acquired a new stake in shares of Nordstrom during the fourth quarter worth $3,767,000. JPMorgan Chase & Co. lifted its stake in shares of Nordstrom by 29.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 388,796 shares of the specialty retailer's stock valued at $8,744,000 after purchasing an additional 89,114 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Nordstrom by 20.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,712,452 shares of the specialty retailer's stock worth $41,356,000 after purchasing an additional 289,596 shares during the period. Avior Wealth Management LLC acquired a new stake in Nordstrom during the 4th quarter worth approximately $415,000. Finally, Norges Bank purchased a new position in Nordstrom in the fourth quarter valued at approximately $33,480,000. 88.73% of the stock is currently owned by institutional investors and hedge funds.

Nordstrom Company Profile

Nordstrom, Inc, a fashion retailer, provides apparels, shoes, beauty, accessories, and home goods for women, men, young adults, and children. It offers a range of brand-name and private-label merchandise through various channels, such as Nordstrom branded stores and online at Nordstrom.com; Nordstrom.ca; Nordstrom stores; Nordstrom Rack stores; Nordstrom Locals; ASOS; Nordstromrack.com; mobile application; and clearance stores under the Last Chance name.

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