BMO Capital Markets set a $50.00 price target on Nordstrom (NYSE:JWN) in a research note issued to investors on Friday morning. The firm currently has a hold rating on the specialty retailer’s stock.

Several other research firms have also weighed in on JWN. Zacks Investment Research upgraded shares of Nordstrom from a sell rating to a hold rating and set a $45.00 target price on the stock in a report on Wednesday, November 8th. Robert W. Baird lowered their price objective on shares of Nordstrom from $50.00 to $43.00 and set a neutral rating for the company in a research report on Friday, November 10th. KeyCorp set a $55.00 price objective on shares of Nordstrom and gave the stock a buy rating in a research report on Wednesday, October 11th. Bank of America lowered their price objective on shares of Nordstrom from $40.00 to $35.00 and set an underperform rating for the company in a research report on Friday, November 10th. Finally, ValuEngine downgraded shares of Nordstrom from a buy rating to a hold rating in a research report on Sunday, December 31st. Three research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eight have given a buy rating to the stock. Nordstrom presently has an average rating of Hold and an average price target of $47.11.

Nordstrom (NYSE:JWN) traded up $1.73 on Friday, reaching $51.82. 5,201,300 shares of the company’s stock traded hands, compared to its average volume of 2,578,144. The company has a current ratio of 1.00, a quick ratio of 0.30 and a debt-to-equity ratio of 3.14. The firm has a market capitalization of $8,630.00, a price-to-earnings ratio of 18.18, a PEG ratio of 2.90 and a beta of 0.89. Nordstrom has a 12 month low of $37.79 and a 12 month high of $53.00.

Nordstrom (NYSE:JWN) last posted its earnings results on Thursday, November 9th. The specialty retailer reported $0.67 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.04. The company had revenue of $3.54 billion for the quarter, compared to analyst estimates of $3.50 billion. Nordstrom had a net margin of 3.25% and a return on equity of 67.44%. The business’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period last year, the business posted $0.84 earnings per share. research analysts forecast that Nordstrom will post 2.98 earnings per share for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in the stock. Winslow Asset Management Inc. grew its position in Nordstrom by 2.8% in the fourth quarter. Winslow Asset Management Inc. now owns 119,079 shares of the specialty retailer’s stock valued at $5,642,000 after purchasing an additional 3,255 shares in the last quarter. Windward Capital Management Co. CA grew its position in Nordstrom by 91.8% in the fourth quarter. Windward Capital Management Co. CA now owns 37,299 shares of the specialty retailer’s stock valued at $1,767,000 after purchasing an additional 17,857 shares in the last quarter. Confluence Investment Management LLC grew its position in Nordstrom by 11.7% in the fourth quarter. Confluence Investment Management LLC now owns 259,171 shares of the specialty retailer’s stock valued at $12,280,000 after purchasing an additional 27,216 shares in the last quarter. Parametric Portfolio Associates LLC grew its position in Nordstrom by 7.6% in the third quarter. Parametric Portfolio Associates LLC now owns 482,637 shares of the specialty retailer’s stock valued at $22,756,000 after purchasing an additional 34,180 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC bought a new position in Nordstrom in the third quarter valued at $258,000. 57.70% of the stock is owned by institutional investors and hedge funds.

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About Nordstrom

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.

Analyst Recommendations for Nordstrom (NYSE:JWN)

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