Nordstrom's (JWN) Market Perform Rating Reaffirmed at Telsey Advisory Group

Nordstrom (NYSE:JWN - Get Free Report)'s stock had its "market perform" rating reissued by investment analysts at Telsey Advisory Group in a note issued to investors on Wednesday,Benzinga reports. They currently have a $24.00 price objective on the specialty retailer's stock. Telsey Advisory Group's price objective would indicate a potential downside of 1.90% from the stock's current price.

Several other equities analysts have also recently commented on JWN. Evercore ISI boosted their price target on shares of Nordstrom from $22.00 to $24.00 and gave the company an "in-line" rating in a report on Monday, January 13th. Argus cut shares of Nordstrom from a "buy" rating to a "sell" rating in a report on Monday, December 30th. Citigroup boosted their price target on shares of Nordstrom from $22.00 to $23.00 and gave the company a "neutral" rating in a report on Tuesday, November 19th. UBS Group upgraded shares of Nordstrom from a "sell" rating to a "neutral" rating and boosted their price target for the company from $14.50 to $24.00 in a report on Friday, January 10th. Finally, Barclays boosted their price target on shares of Nordstrom from $23.00 to $24.00 and gave the company an "equal weight" rating in a report on Thursday, January 16th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $22.90.

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Nordstrom Trading Up 0.3 %

NYSE JWN traded up $0.07 on Wednesday, hitting $24.46. 2,993,299 shares of the stock were exchanged, compared to its average volume of 2,291,777. Nordstrom has a 52-week low of $16.78 and a 52-week 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 company has a market capitalization of $4.04 billion, a price-to-earnings ratio of 15.58 and a beta of 2.60. The company's 50-day moving average price is $24.24 and its two-hundred day moving average price is $23.32.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Pinnacle Wealth Planning Services Inc. acquired a new position in Nordstrom during the 4th quarter worth $228,000. Michels Family Financial LLC acquired a new position in Nordstrom during the 4th quarter worth $724,000. BCK Capital Management LP acquired a new position in Nordstrom during the 4th quarter worth $712,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Nordstrom by 16.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 360,627 shares of the specialty retailer's stock worth $8,709,000 after acquiring an additional 50,049 shares during the last quarter. Finally, Towle & Co. acquired a new position in Nordstrom during the 4th quarter worth $2,044,000. Institutional investors and hedge funds own 88.73% of the company's stock.

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.