By otakuyassine3@gmail.com 
Research analysts at StockNews.com assumed coverage on shares of Nordstrom (NYSE:JWN – Get Free Report) in a research note issued on Tuesday. The firm set a “buy” rating on the specialty retailer’s stock.
JWN has been the topic of a number of other research reports. Argus cut shares of Nordstrom from a “buy” rating to a “sell” rating in a research report on Monday, December 30th. Evercore ISI increased their price objective on shares of Nordstrom from $22.00 to $24.00 and gave the stock an “in-line” rating in a research report on Monday, January 13th. Citigroup raised their price target on shares of Nordstrom from $22.00 to $23.00 and gave the company a “neutral” rating in a research report on Tuesday, November 19th. UBS Group raised shares of Nordstrom from a “sell” rating to a “neutral” rating and raised their price target for the company from $14.50 to $24.00 in a research report on Friday, January 10th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and issued a $24.00 price target on shares of Nordstrom in a research report on Monday, January 13th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat, Nordstrom has an average rating of “Hold” and an average target price of $22.17.
Get Our Latest Stock Report on JWN
Nordstrom Stock Performance
NYSE JWN opened at $24.31 on Tuesday. The company has a market capitalization of $4.01 billion, a price-to-earnings ratio of 15.48 and a beta of 2.51. Nordstrom has a twelve month low of $16.78 and a twelve month high of $24.99. The stock has a fifty day simple moving average of $23.96 and a 200 day simple moving average of $23.04. The company has a quick ratio of 0.35, a current ratio of 1.14 and a debt-to-equity ratio of 2.65.
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 for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $3.35 billion during the quarter, compared to the consensus estimate of $3.34 billion. During the same period last year, the business posted $0.25 EPS. The business’s revenue was up 4.6% compared to the same quarter last year. Sell-side analysts expect that Nordstrom will post 1.97 EPS for the current year.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Retirement Systems of Alabama grew its position in Nordstrom by 0.4% in the fourth quarter. Retirement Systems of Alabama now owns 117,801 shares of the specialty retailer’s stock worth $2,845,000 after acquiring an additional 512 shares in the last quarter. Freestone Capital Holdings LLC boosted its position in Nordstrom by 3.0% during the fourth quarter. Freestone Capital Holdings LLC now owns 19,252 shares of the specialty retailer’s stock valued at $465,000 after buying an additional 558 shares during the period. Amalgamated Bank boosted its position in Nordstrom by 1.4% during the fourth quarter. Amalgamated Bank now owns 45,083 shares of the specialty retailer’s stock valued at $1,089,000 after buying an additional 617 shares during the period. Janney Montgomery Scott LLC boosted its position in Nordstrom by 1.2% during the fourth quarter. Janney Montgomery Scott LLC now owns 55,956 shares of the specialty retailer’s stock valued at $1,351,000 after buying an additional 640 shares during the period. Finally, Wedmont Private Capital boosted its position in Nordstrom by 6.7% during the fourth quarter. Wedmont Private Capital now owns 11,589 shares of the specialty retailer’s stock valued at $278,000 after buying an additional 723 shares during the period. 88.73% of the stock is currently owned by hedge funds and other 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.
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