Nordstrom (NYSE:JWN) Now Covered by Analysts at StockNews.com

Equities research analysts at StockNews.com initiated coverage on shares of Nordstrom (NYSE:JWN - Get Free Report) in a report issued on Monday. The brokerage set a "buy" rating on the specialty retailer's stock.

Other equities analysts have also issued research reports about the stock. Argus lowered shares of Nordstrom from a "buy" rating to a "sell" rating in a research report on Monday, December 30th. Barclays boosted their price objective on shares of Nordstrom from $23.00 to $24.00 and gave the stock an "equal weight" rating in a report on Thursday, January 16th. Telsey Advisory Group reiterated a "market perform" rating and issued a $24.00 target price on shares of Nordstrom in a research note on Monday, January 13th. Evercore ISI boosted their price target on Nordstrom from $22.00 to $24.00 and gave the company an "in-line" rating in a research note on Monday, January 13th. Finally, Bank of America raised their price objective on Nordstrom from $20.00 to $22.00 and gave the stock an "underperform" rating in a research report on Wednesday, November 27th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $22.17.

Nordstrom Stock Performance

Shares of NYSE JWN traded up $0.06 during trading hours on Monday, hitting $24.33. 1,446,580 shares of the stock were exchanged, compared to its average volume of 2,640,237. The firm has a market capitalization of $4.02 billion, a P/E ratio of 15.50 and a beta of 2.51. Nordstrom has a one year low of $16.78 and a one year 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's 50 day moving average is $23.85 and its 200 day moving average is $22.96.

Nordstrom (NYSE:JWN - Get Free Report) last issued its quarterly earnings results on Tuesday, November 26th. The specialty retailer reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.11. Nordstrom had a negative return on equity of 18.04% and a negative net margin of 1.57%. The company had revenue of $3.35 billion for the quarter, compared to the consensus estimate of $3.34 billion. During the same period last year, the business posted $0.25 earnings per share. The firm's revenue was up 4.6% compared to the same quarter last year. On average, research analysts expect that Nordstrom will post 1.97 EPS for the current year.

Institutional Trading of Nordstrom

Several large investors have recently added to or reduced their stakes in the company. Algert Global LLC bought a new stake in Nordstrom during the 2nd quarter worth approximately $210,000. Sanctuary Advisors LLC acquired a new stake in shares of Nordstrom in the second quarter valued at approximately $415,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Nordstrom in the second quarter valued at approximately $560,000. SG Americas Securities LLC raised its position in Nordstrom by 55.6% in the 3rd quarter. SG Americas Securities LLC now owns 63,417 shares of the specialty retailer's stock worth $1,426,000 after purchasing an additional 22,650 shares during the last quarter. Finally, Axiom Advisory LLC lifted its holdings in Nordstrom by 46.0% during the 3rd quarter. Axiom Advisory LLC now owns 1,100,864 shares of the specialty retailer's stock worth $24,456,000 after buying an additional 346,994 shares in the last quarter. 88.73% of the stock is owned by institutional investors.

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.