Published: Fri, August 11, 2017
Money | By Armando Alvarado

Nordstrom, Inc. (JWN) Receives Consensus Rating of "Hold" from Brokerages

Nordstrom, Inc. (JWN) Receives Consensus Rating of

Arizona State Retirement has invested 0.03% of its portfolio in Nordstrom, Inc.

Several analysts recently issued reports on JWN shares. Five investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and five have given a buy rating to the stock. This dividend represents a yeild of $3.12 which is the dividend as a percentage of the current share price.

Analyst's ratings play a very important role in outlining a stock's performance. Cowen and Company reaffirmed an "outperform" rating and set a $49.00 price target on shares of Nordstrom in a research report on Friday, June 9th. BMO Capital Markets set a $48.00 target price on Nordstrom and gave the company a "hold" rating in a report on Saturday, May 13th. Piper Jaffray has "Hold" rating and $4200 target. Northcoast Research reaffirmed a "neutral" rating on shares of Nordstrom in a research report on Tuesday, May 16th. Finally, Royal Bank Of Canada restated a "hold" rating and set a $47.00 price target on shares of Nordstrom in a report on Monday, March 27th.

Shares of Nordstrom (NYSE JWN) traded up 0.25% during trading on Friday, hitting $44.98. Moreover, Silver Capital Management Llc has 2.93% invested in the company for 45,373 shares. The company's 50-day moving average price is $47.43 and its 200-day moving average price is $45.51.

The P/E ratio is 21.01 and market cap is 7.45B.

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Nordstrom, Inc. has a 52 week low of $39.53 and a 52 week high of $62.82.

Parkwood LLC bought a new stake in shares of Nordstrom, Inc. The specialty retailer reported $0.65 EPS for the quarter, beating the Zacks' consensus estimate of $0.62 by $0.03, Briefing.com reports. NY's holdings in Nordstrom were worth $2,882,000 as of its most recent filing with the SEC. The firm had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.70 billion. The firm owned 12,223 shares of the specialty retailer's stock after selling 1,631 shares during the period. In the latest earnings report the EPS was $2.14 and is expected to be $2.96 for the current year with 166,052,000 shares now outstanding.

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Vetr cut shares of Nordstrom, Inc. Skandinaviska Enskilda Banken AB publ boosted its position in Nordstrom by 32.2% in the first quarter. Institutional investors own 64.22% of the company's stock. Principal Financial Group Inc. increased its stake in Nordstrom by 168.7% in the second quarter. Ameritas Investment Partners Inc. now owns 2,821 shares of the specialty retailer's stock valued at $131,000 after buying an additional 2,778 shares in the last quarter. Gemmer Asset Management LLC now owns 2,252 shares of the specialty retailer's stock valued at $105,000 after buying an additional 18 shares in the last quarter. Nisa Investment Advisors LLC now owns 50,468 shares of the specialty retailer's stock valued at $2,350,000 after buying an additional 8,700 shares in the last quarter. Ledyard National Bank boosted its position in shares of Nordstrom by 291.1% in the first quarter. SELL rating has been given by 0 analyst (s) and 7 analyst (s) given BUY rating to the stock. The Company also offers its customers a variety of payment products and services, including credit and debit cards.

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