Nordstrom Inc. (NYSE:JWN)’s share price traded down 6.7% during mid-day trading on Tuesday . The company traded as low as $40.71 and last traded at $40.83, with a volume of 3,283,335 shares traded. The stock had previously closed at $43.74.

A number of equities analysts have issued reports on the stock. Vetr raised shares of Nordstrom from a “hold” rating to a “buy” rating and set a $47.50 target price on the stock in a report on Tuesday, July 26th. Sterne Agee CRT reissued a “hold” rating on shares of Nordstrom in a report on Saturday, May 14th. Piper Jaffray Cos. reissued a “neutral” rating and issued a $45.00 target price on shares of Nordstrom in a report on Monday, July 11th. JPMorgan Chase & Co. reissued a “hold” rating on shares of Nordstrom in a report on Saturday, April 9th. Finally, Citigroup Inc. cut their target price on shares of Nordstrom from $49.00 to $40.00 and set a “neutral” rating on the stock in a report on Friday, May 13th. Six research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and eight have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $46.71.

The company’s 50 day moving average is $39.88 and its 200 day moving average is $46.80. The stock has a market capitalization of $7.23 billion and a PE ratio of 14.980.

Nordstrom (NYSE:JWN) last announced its quarterly earnings results on Thursday, May 12th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by $0.20. During the same quarter in the previous year, the business earned $0.66 earnings per share. The company had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $3.28 billion. The company’s revenue was up 2.5% compared to the same quarter last year. On average, analysts forecast that Nordstrom Inc. will post $2.57 EPS for the current fiscal year.

A number of large investors have bought and sold shares of JWN. 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 in the last quarter. Aberdeen Asset Management PLC UK increased 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 valued at $2,243,000 after buying an additional 2,679 shares in the last quarter. 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 in the last quarter. US Bancorp DE increased its stake in Nordstrom by 10.7% in the fourth quarter. US Bancorp DE now owns 101,318 shares of the company’s stock valued at $5,046,000 after buying an additional 9,822 shares in the last quarter. Finally, KBC Group NV increased its stake in Nordstrom by 15.8% in the fourth quarter. KBC Group NV now owns 75,809 shares of the company’s stock valued at $3,776,000 after buying an additional 10,359 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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