Shares of Nordstrom Inc. (NYSE:JWN) saw strong trading volume on Tuesday . 4,210,132 shares traded hands during trading, an increase of 38% from the previous session’s volume of 3,053,032 shares.The stock last traded at $44.20 and had previously closed at $42.74.

A number of equities research analysts recently commented on the company. JPMorgan Chase & Co. restated a “hold” rating on shares of Nordstrom in a research report on Saturday, April 9th. Sterne Agee CRT restated a “hold” rating on shares of Nordstrom in a research report on Saturday, May 14th. Citigroup Inc. reiterated a “hold” rating on shares of Nordstrom in a research report on Saturday, May 14th. Credit Suisse Group AG reiterated a “hold” rating on shares of Nordstrom in a research report on Saturday, May 14th. Finally, Piper Jaffray Cos. upgraded Nordstrom from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $45.00 to $53.00 in a research report on Tuesday. Six research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and eight have assigned a buy rating to the stock. Nordstrom has an average rating of “Hold” and an average price target of $48.38.

The stock has a 50 day moving average price of $39.23 and a 200 day moving average price of $46.96. The stock has a market capitalization of $7.62 billion and a P/E ratio of 15.78.

Nordstrom (NYSE:JWN) last announced its earnings results on Thursday, May 12th. The company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by $0.20. The firm had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $3.28 billion. During the same quarter last year, the firm earned $0.66 earnings per share. The company’s quarterly revenue was up 2.5% on a year-over-year basis. On average, equities analysts expect that Nordstrom Inc. will post $2.56 EPS for the current year.

Other large investors have bought and sold shares of the company. Clifford Swan Investment Counsel LLC raised its stake in Nordstrom by 571.6% in the fourth quarter. Clifford Swan Investment Counsel LLC now owns 20,162 shares of the company’s stock valued at $1,004,000 after buying an additional 17,160 shares during the last quarter. Russell Frank Co raised 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 last quarter. Trexquant Investment LP acquired a new stake in Nordstrom during the fourth quarter valued at approximately $1,544,000. MUFG Americas Holdings Corp raised 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 last quarter. Finally, South Dakota Investment Council raised its stake in Nordstrom by 567.3% in the fourth quarter. South Dakota Investment Council now owns 32,700 shares of the company’s stock valued at $1,629,000 after buying an additional 27,800 shares during the last quarter.

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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