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

Shares of Nordstrom, Inc. (NYSE:JWN - Get Free Report) have been assigned an average recommendation of "Reduce" from the twelve ratings firms that are covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a sell rating and nine have issued a hold rating on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $22.90.

A number of research analysts have recently commented on the company. Telsey Advisory Group reiterated a "market perform" rating and set a $24.00 price target on shares of Nordstrom in a report on Wednesday, March 5th. StockNews.com assumed coverage on Nordstrom in a research report on Sunday. They set a "buy" rating on the stock. Bank of America lifted their price target on shares of Nordstrom from $20.00 to $22.00 and gave the stock an "underperform" rating in a research note on Wednesday, November 27th. Argus cut shares of Nordstrom from a "buy" rating to a "sell" rating in a research note on Monday, December 30th. Finally, UBS Group raised shares of 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.

Institutional Trading of Nordstrom

Institutional investors have recently bought and sold shares of the business. Spire Wealth Management grew its stake in shares of 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 period. Wolverine Asset Management LLC bought a new position in Nordstrom during the 4th quarter worth approximately $63,000. Vestcor Inc acquired a new position in Nordstrom during the fourth quarter valued at approximately $63,000. Atlas Capital Advisors Inc. increased its stake in Nordstrom by 45.5% in the fourth quarter. Atlas Capital Advisors Inc. now owns 4,446 shares of the specialty retailer's stock valued at $107,000 after purchasing an additional 1,391 shares in the last quarter. Finally, KBC Group NV raised its holdings in Nordstrom by 36.5% in the fourth quarter. KBC Group NV now owns 4,816 shares of the specialty retailer's stock worth $116,000 after purchasing an additional 1,287 shares during the period. Institutional investors and hedge funds own 88.73% of the company's stock.

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Nordstrom Stock Performance

Nordstrom stock traded up $0.04 during trading hours on Friday, reaching $24.39. 1,980,128 shares of the company were exchanged, compared to its average volume of 2,488,648. Nordstrom has a 12 month low of $17.21 and a 12 month high of $24.99. The company has a current ratio of 1.14, a quick ratio of 0.35 and a debt-to-equity ratio of 2.65. The stock has a 50-day moving average of $24.26 and a 200 day moving average of $23.50. The firm has a market cap of $4.02 billion, a price-to-earnings ratio of 15.53 and a beta of 2.60.

Nordstrom (NYSE:JWN - Get Free Report) last issued its quarterly earnings data on Tuesday, March 4th. The specialty retailer reported $1.10 earnings per share for the quarter, topping analysts' consensus estimates of $0.90 by $0.20. The business had revenue of $4.32 billion during the quarter, compared to analysts' expectations of $4.32 billion. Nordstrom had a negative net margin of 1.57% and a negative return on equity of 18.04%. As a group, research analysts anticipate that Nordstrom will post 1.97 earnings per share for the current 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.