Nordstrom, Inc. (JWN) Stock Rating Lowered by Vetr Inc

Nordstrom, Mulling Take-Private, Reports Strong Second-Quarter Earnings

Arizona State Retirement has invested 0.03% of its portfolio in Nordstrom, Inc. Five research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and seven have assigned a buy rating to the company's stock. Nordstrom has an average rating of "Hold" and an average price target of $47.36. They set an "accumulate" rating and a $54.00 target price for the company. Baird set a $50.00 price target on shares of Nordstrom and gave the company a "hold" rating in a report on Saturday, May 13th. UBS AG restated a "buy" rating and set a $51.00 price target on shares of Nordstrom in a report on Monday, May 15th. Vetr cut shares of Nordstrom from a "sell" rating to a "strong sell" rating and set a $41.54 price target on the stock.in a research note on Monday, July 17th. In the final minutes of trading on Thursday, shares hit $44.73, a climb of 1 percent in the last 12 months. 4,091,565 shares of the company's stock traded hands. The company's 50-day moving average price is $47.43 and its 200-day moving average price is $45.51.

Another critical number in evaluating a stock is P/E or Price to Earnings ratio.

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

Nordstrom, Inc. (NYSE:JWN) issued its quarterly earnings results on Thursday. The specialty retailer reported $0.65 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.64 by $0.01, Briefing.com reports. Shares for $69,319 were sold by NORDSTROM PETER E on Friday, February 24.

Second-quarter revenue growth of 3.5% was driven by a 1.7% comparable sales increase. Nordstrom's quarterly revenue was up 3.5% compared to the same quarter past year. 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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Rivals Kohl's Corp KSS.N and Macy's Inc M.N reported declines in quarterly sales and gross margins earlier on Thursday, sending shares in both department store chains tumbling. BlackRock Inc. increased its stake in Nordstrom by 2,321.7% in the first quarter. Institutional investors own 64.22% of the company's stock. Boston Private Wealth LLC acquired a new stake in shares of Nordstrom during the first quarter valued at about $492,000. The value of the investment in Nordstrom, Inc. went from $17,208,000 to $9,912,000 a change of $7,296,000 for the reporting period. Moreno Evelyn V now owns 91,875 shares of the specialty retailer's stock valued at $4,279,000 after buying an additional 5,970 shares in the last quarter. Finally, Toronto Dominion Bank raised its stake in shares of Nordstrom by 53.4% in the first quarter. Whitnell & Co. now owns 34,623 shares of the specialty retailer's stock valued at $1,612,000 after buying an additional 260 shares in the last quarter. As of January 28, 2017, the Company operated approximately three Nordstrom full-line stores, including two in Canada, and 21 Nordstrom Rack stores. Davidson D A & Company sold 146,013 shares as the company's stock declined 10.77% while stock markets rallied. The Company also offers its customers a variety of payment products and services, including credit and debit cards.

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