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

Nordstrom, Inc. (NYSE:JWN - Get Free Report) has earned an average rating of "Reduce" from the twelve research firms that are currently covering the company, MarketBeat reports. Four research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $22.80.

A number of equities research analysts have weighed in on JWN shares. Citigroup reiterated a "sell" rating and set a $22.00 price target (down from $25.00) on shares of Nordstrom in a research report on Friday, April 4th. Barclays lifted their target price on Nordstrom from $23.00 to $24.00 and gave the company an "equal weight" rating in a report on Thursday, January 16th. Telsey Advisory Group restated a "market perform" rating and issued a $24.00 price objective on shares of Nordstrom in a report on Wednesday, March 5th. StockNews.com started coverage on Nordstrom in a research report on Wednesday. They set a "buy" rating for the company. Finally, UBS Group raised Nordstrom from a "sell" rating to a "neutral" rating and raised their price objective for the stock from $14.50 to $24.00 in a report on Friday, January 10th.

Hedge Funds Weigh In On Nordstrom

Several hedge funds and other institutional investors have recently bought and sold shares of JWN. Versant Capital Management Inc grew its holdings in Nordstrom by 40.9% during the 1st quarter. Versant Capital Management Inc now owns 1,618 shares of the specialty retailer's stock valued at $40,000 after purchasing an additional 470 shares in the last quarter. Parallel Advisors LLC increased its holdings in Nordstrom by 48.6% in the first quarter. Parallel Advisors LLC now owns 1,690 shares of the specialty retailer's stock valued at $41,000 after buying an additional 553 shares during the last quarter. Spire Wealth Management lifted its stake in Nordstrom by 90.9% during the fourth quarter. Spire Wealth Management now owns 2,100 shares of the specialty retailer's stock worth $51,000 after purchasing an additional 1,000 shares during the last quarter. Wolverine Asset Management LLC acquired a new stake in shares of Nordstrom during the fourth quarter worth $63,000. Finally, Vestcor Inc bought a new position in shares of Nordstrom in the 4th quarter worth about $63,000. 88.73% of the stock is owned by institutional investors and hedge funds.

Nordstrom Price Performance

JWN stock traded down $0.00 during trading on Tuesday, hitting $23.86. The stock had a trading volume of 1,779,981 shares, compared to its average volume of 2,612,693. The company's 50-day moving average price is $24.17 and its two-hundred day moving average price is $23.69. Nordstrom has a twelve month low of $17.91 and a twelve month high of $24.99. The company has a debt-to-equity ratio of 2.65, a current ratio of 1.14 and a quick ratio of 0.35. The stock has a market capitalization of $3.99 billion, a P/E ratio of 15.20 and a beta of 2.31.

Nordstrom (NYSE:JWN - Get Free Report) last issued its 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 company had revenue of $4.32 billion during the quarter, compared to analysts' expectations of $4.32 billion. As a group, research analysts predict that Nordstrom will post 1.97 EPS for the current fiscal year.

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.