Nordstrom Inc. (NYSE:JWN)’s share price shot up 4.5% during trading on Monday . The company traded as high as $42.88 and last traded at $42.70, with a volume of 2,406,040 shares traded. The stock had previously closed at $40.86.

A number of brokerages have commented on JWN. Stifel Nicolaus reaffirmed a “buy” rating and set a $66.00 target price (up from $60.00) on shares of Nordstrom in a research note on Tuesday, March 29th. Evercore ISI downgraded shares of Nordstrom from a “hold” rating to a “sell” rating and reduced their target price for the stock from $50.00 to $40.00 in a research note on Friday, April 22nd. Cleveland Research downgraded shares of Nordstrom from a “buy” rating to a “neutral” rating in a research note on Friday, April 29th. JPMorgan Chase & Co. reduced their price target on shares of Nordstrom from $50.00 to $47.00 and set a “neutral” rating on the stock in a research note on Friday, April 8th. Finally, Vetr raised shares of Nordstrom from a “strong sell” rating to a “sell” rating and set a $48.01 price target on the stock in a research note on Thursday, April 7th. Six analysts have rated the stock with a sell rating, twenty have given a hold rating and seven have issued a buy rating to the stock. Nordstrom has a consensus rating of “Hold” and a consensus target price of $48.10.

The firm’s 50-day moving average is $39.03 and its 200-day moving average is $47.05. The firm has a market capitalization of $7.41 billion and a PE ratio of 15.35.

Nordstrom (NYSE:JWN) last issued its earnings results on Thursday, May 12th. The company reported $0.26 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by $0.20. The firm earned $3.19 billion during the quarter, compared to the consensus estimate of $3.28 billion. During the same period in the prior year, the company earned $0.66 EPS. The company’s revenue for the quarter was up 2.5% compared to the same quarter last year. Analysts anticipate that Nordstrom Inc. will post $2.56 earnings per share for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in the stock. Russell Frank Co increased its stake in Nordstrom by 12.9% in the fourth quarter. Russell Frank Co now owns 29,246 shares of the company’s stock valued at $1,471,000 after buying an additional 3,337 shares during the period. TD Asset Management Inc. increased its stake in Nordstrom by 29.5% in the fourth quarter. TD Asset Management Inc. now owns 90,779 shares of the company’s stock valued at $4,522,000 after buying an additional 20,700 shares during the period. New York State Common Retirement Fund increased its stake in Nordstrom by 0.8% in the fourth quarter. New York State Common Retirement Fund now owns 367,169 shares of the company’s stock valued at $18,289,000 after buying an additional 2,800 shares during the period. MUFG Americas Holdings Corp increased its stake in Nordstrom by 2.6% in the fourth quarter. MUFG Americas Holdings Corp now owns 31,613 shares of the company’s stock valued at $1,575,000 after buying an additional 800 shares during the period. Finally, Garnet Equity Capital Holdings Inc. increased its stake in Nordstrom by 87.5% in the fourth quarter. Garnet Equity Capital Holdings Inc. now owns 75,000 shares of the company’s stock valued at $3,736,000 after buying an additional 35,000 shares during the period.

Nordstrom, Inc is a fashion specialty retailer in the United States. The company operates through two segments: Retail and Credit. The Retail segment includes approximately 115 Nordstrom branded full-line stores in the United States and Nordstrom.com, approximately 167 off-price Nordstrom Rack stores, two Canada full-line stores, Nordstromrack.com and HauteLook, and other retail channels, including five Trunk Club showrooms and TrunkClub.com, its two Jeffrey boutiques and one clearance store that operates under the name Last Chance.

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