Somewhat Favorable News Coverage Somewhat Unlikely to Impact Nordstrom (JWN) Share Price
Media coverage about Nordstrom (NYSE:JWN) has trended somewhat positive on Monday, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Nordstrom earned a daily sentiment score of 0.12 on Accern’s scale. Accern also assigned press coverage about the specialty retailer an impact score of 45.6000089366391 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the media headlines that may have impacted Accern’s scoring:
- Extremely Informative stocks: Nordstrom, Inc., (NYSE: JWN), Tanger Factory Outlet Centers, Inc., (NYSE: SKT), Curis … – Stocks In The News (press release) (tradingnewsnow.com)
- Nordstrom: Go-Private Deal Looks To Be Revitalized Early Next Year – Seeking Alpha (seekingalpha.com)
- Nordstrom : Reports Third Quarter 2017 Earnings (4-traders.com)
- Dillard’s Report Good, Nordstrom Not Quite: Doug Kass’ Views (finance.yahoo.com)
- Sleep Well At Night, Because Simon Is Coming To Town (finance.yahoo.com)
Shares of Nordstrom (NYSE JWN) remained flat at $$40.03 during trading on Monday. The company’s stock had a trading volume of 7,114,800 shares, compared to its average volume of 2,928,846. The firm has a market capitalization of $6,650.00, a P/E ratio of 12.83, a price-to-earnings-growth ratio of 2.26 and a beta of 0.84. Nordstrom has a twelve month low of $37.79 and a twelve month high of $62.82. The company has a debt-to-equity ratio of 3.14, a current ratio of 1.00 and a quick ratio of 0.30.
Nordstrom (NYSE:JWN) last issued its quarterly earnings results on Thursday, November 9th. The specialty retailer reported $0.67 EPS for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.04. The business had revenue of $3.54 billion for the quarter, compared to analyst estimates of $3.50 billion. Nordstrom had a return on equity of 67.44% and a net margin of 3.25%. Nordstrom’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same period last year, the company posted $0.84 earnings per share. equities analysts forecast that Nordstrom will post 2.95 EPS for the current fiscal year.
Several analysts have recently issued reports on the company. Piper Jaffray Companies set a $42.00 target price on Nordstrom and gave the stock a “hold” rating in a report on Tuesday, July 25th. KeyCorp reissued an “overweight” rating and set a $55.00 target price on shares of Nordstrom in a report on Thursday, September 14th. Credit Suisse Group restated a “buy” rating and set a $52.00 price objective on shares of Nordstrom in a research report on Thursday, August 10th. Zacks Investment Research upgraded Nordstrom from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a research report on Thursday, August 10th. Finally, Vetr downgraded Nordstrom from a “sell” rating to a “strong sell” rating and set a $41.54 price objective for the company. in a research report on Monday, July 17th. Four research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and seven have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $45.33.
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Nordstrom Company Profile
Nordstrom, Inc is a fashion specialty retailer in the United States. The Company’s segments include Retail and Credit. As of March 20, 2017, the Company operated 344 the United States stores located in 40 states as well as an e-commerce business. The Company also offers its customers a variety of payment products and services, including credit and debit cards.
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