Nordstrom (NYSE:JWN - Get Free Report) was downgraded by equities research analysts at StockNews.com from a "strong-buy" rating to a "buy" rating in a report issued on Thursday.
A number of other analysts have also recently commented on JWN. JPMorgan Chase & Co. upped their price target on Nordstrom from $19.00 to $20.00 and gave the company an "underweight" rating in a research note on Wednesday, August 28th. Telsey Advisory Group increased their target price on Nordstrom from $24.00 to $26.00 and gave the stock a "market perform" rating in a research note on Wednesday, November 27th. BMO Capital Markets increased their target price on Nordstrom from $20.00 to $22.00 and gave the stock a "market perform" rating in a research note on Wednesday, August 28th. UBS Group increased their target price on Nordstrom from $13.00 to $14.50 and gave the stock a "sell" rating in a research note on Wednesday, November 27th. Finally, KeyCorp cut Nordstrom from an "overweight" rating to a "sector weight" rating in a research note on Thursday, September 26th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $21.29.
Check Out Our Latest Analysis on Nordstrom
Nordstrom Trading Down 2.2 %
Shares of JWN stock traded down $0.52 on Thursday, reaching $23.47. The company had a trading volume of 1,950,423 shares, compared to its average volume of 3,052,533. 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 market cap of $3.85 billion, a PE ratio of 14.95 and a beta of 2.56. The company has a 50-day moving average of $22.90 and a 200-day moving average of $22.30. Nordstrom has a 12 month low of $15.08 and a 12 month high of $24.99.
Nordstrom (NYSE:JWN - Get Free Report) last announced its quarterly earnings results on Tuesday, November 26th. The specialty retailer reported $0.33 EPS for the quarter, beating analysts' consensus estimates of $0.22 by $0.11. The company had revenue of $3.35 billion during the quarter, compared to analysts' expectations of $3.34 billion. Nordstrom had a negative return on equity of 18.04% and a negative net margin of 1.57%. Nordstrom's revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.25 EPS. On average, equities analysts forecast that Nordstrom will post 1.93 earnings per share for the current year.
Insider Activity
In other news, COO Alexis Depree sold 20,000 shares of the stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $23.20, for a total value of $464,000.00. Following the completion of the sale, the chief operating officer now owns 169,331 shares of the company's stock, valued at approximately $3,928,479.20. This represents a 10.56 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 5.78% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Nordstrom
Several large investors have recently made changes to their positions in JWN. Venturi Wealth Management LLC lifted its holdings in Nordstrom by 355.9% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,272 shares of the specialty retailer's stock valued at $29,000 after purchasing an additional 993 shares during the last quarter. Atlas Capital Advisors LLC lifted its holdings in Nordstrom by 101.8% during the 2nd quarter. Atlas Capital Advisors LLC now owns 1,491 shares of the specialty retailer's stock valued at $32,000 after purchasing an additional 752 shares during the last quarter. Rothschild Investment LLC acquired a new stake in Nordstrom during the 2nd quarter valued at $39,000. Blue Trust Inc. lifted its holdings in Nordstrom by 10,045.8% during the 2nd quarter. Blue Trust Inc. now owns 2,435 shares of the specialty retailer's stock valued at $49,000 after purchasing an additional 2,411 shares during the last quarter. Finally, Point72 Hong Kong Ltd bought a new position in Nordstrom during the 2nd quarter worth $71,000. Institutional investors and hedge funds own 88.73% of the company's stock.
Nordstrom Company Profile
(
Get Free Report)
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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