Nordstrom Inc. (NYSE:JWN) rose 4.5% during mid-day trading on Monday . The stock traded as high as $42.88 and last traded at $42.70, with a volume of 2,406,040 shares. The stock had previously closed at $40.86.

JWN has been the subject of several research analyst reports. Stifel Nicolaus reissued a “buy” rating and issued a $66.00 target price (up previously from $60.00) on shares of Nordstrom in a research report on Tuesday, March 29th. Vetr raised shares of Nordstrom from a “strong sell” rating to a “sell” rating and set a $48.01 target price for the company in a research report on Thursday, April 7th. JPMorgan Chase & Co. dropped their target price on shares of Nordstrom from $50.00 to $47.00 and set a “neutral” rating for the company in a research report on Friday, April 8th. Evercore ISI downgraded shares of Nordstrom from a “hold” rating to a “sell” rating and dropped their target price for the stock from $50.00 to $40.00 in a research report on Friday, April 22nd. Finally, Cleveland Research downgraded shares of Nordstrom from a “buy” rating to a “neutral” rating in a research report on Friday, April 29th. Six research analysts have rated the stock with a sell rating, eighteen have given a hold rating and nine have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $48.54.

The company has a market cap of $7.59 billion and a PE ratio of 15.73. The company’s 50-day moving average price is $39.23 and its 200 day moving average price is $46.96.

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

A number of large investors recently modified their holdings of the company. Clifford Swan Investment Counsel LLC raised its stake in shares of 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 in the last quarter. Russell Frank Co raised its stake in shares of Nordstrom by 12.9% in the fourth quarter. Russell Frank Co now owns 29,246 shares of the company’s stock worth $1,471,000 after buying an additional 3,337 shares in the last quarter. Trexquant Investment LP bought a new stake in shares of Nordstrom during the fourth quarter worth approximately $1,544,000. MUFG Americas Holdings Corp raised 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 worth $1,575,000 after buying an additional 800 shares in the last quarter. Finally, South Dakota Investment Council raised its stake in shares of Nordstrom by 567.3% in the fourth quarter. South Dakota Investment Council now owns 32,700 shares of the company’s stock worth $1,629,000 after buying an additional 27,800 shares in 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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