Nordstrom Inc. (NYSE:JWN)’s share price was down 3% during trading on Wednesday . The company traded as low as $42.48 and last traded at $42.61, with a volume of 1,804,652 shares. The stock had previously closed at $43.93.

A number of equities analysts have commented on JWN shares. Evercore ISI cut shares of Nordstrom from a “hold” rating to a “sell” rating and dropped their price objective for the stock from $50.00 to $40.00 in a research note on Friday, April 22nd. Vetr raised shares of Nordstrom from a “strong sell” rating to a “sell” rating and set a $43.00 price target for the company in a research note on Monday, May 9th. Wolfe Research cut shares of Nordstrom from a “market perform” rating to an “underperform” rating and dropped their price target for the stock from $43.00 to $34.00 in a research note on Tuesday, May 10th. Stifel Nicolaus reaffirmed a “buy” rating and set a $66.00 price target (up from $60.00) on shares of Nordstrom in a research note on Tuesday, March 29th. Finally, Morgan Stanley reaffirmed an “underweight” rating and set a $34.00 price target (down from $42.00) on shares of Nordstrom in a research note on Saturday, May 14th. Six investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and nine have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $48.54.

The stock has a market cap of $7.42 billion and a PE ratio of 15.37. The stock has a 50 day moving average price of $39.30 and a 200 day moving average price of $46.93.

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

A number of hedge funds have recently modified their holdings of the stock. MUFG Americas Holdings Corp boosted its stake in shares of 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. Victory Capital Management Inc. boosted its stake in Nordstrom by 67.5% in the fourth quarter. Victory Capital Management Inc. now owns 703,673 shares of the company’s stock worth $35,050,000 after buying an additional 283,493 shares during the last quarter. Schroder Investment Management Group boosted its stake in Nordstrom by 3,179.8% in the fourth quarter. Schroder Investment Management Group now owns 426,371 shares of the company’s stock worth $21,238,000 after buying an additional 413,371 shares during the last quarter. Aberdeen Asset Management PLC UK boosted its stake in Nordstrom by 8.9% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 32,736 shares of the company’s stock worth $2,243,000 after buying an additional 2,679 shares during the last quarter. Finally, Clifford Swan Investment Counsel LLC boosted 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 worth $1,004,000 after buying an additional 17,160 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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