Shares of Nordstrom Inc. (NYSE:JWN) shot up 4.9% during trading on Friday . The stock traded as high as $44.07 and last traded at $44.05, with a volume of 1,967,855 shares trading hands. The stock had previously closed at $42.00.

Several brokerages have commented on JWN. Evercore ISI downgraded Nordstrom from a “hold” rating to a “sell” rating and cut their target price for the company from $50.00 to $40.00 in a research note on Friday, April 22nd. Cleveland Research downgraded Nordstrom from a “buy” rating to a “neutral” rating in a research note on Friday, April 29th. JPMorgan Chase & Co. cut their target price on Nordstrom from $50.00 to $47.00 and set a “neutral” rating on the stock in a research note on Friday, April 8th. Vetr upgraded Nordstrom from a “strong sell” rating to a “sell” rating and set a $48.01 target price on the stock in a research note on Thursday, April 7th. Finally, Royal Bank Of Canada initiated coverage on Nordstrom in a research note on Tuesday, May 3rd. They set a “sector perform” rating and a $51.00 target price on the stock. Six equities 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 company presently has a consensus rating of “Hold” and a consensus target price of $46.71.

The company has a market capitalization of $7.55 billion and a PE ratio of 15.64. The firm’s 50 day moving average is $40.21 and its 200-day moving average is $46.74.

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

A number of hedge funds have added to or reduced their stakes in the stock. Pensionfund DSM Netherlands acquired a new stake in Nordstrom during the fourth quarter worth approximately $1,992,000. 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 worth $1,471,000 after buying an additional 3,337 shares during the last quarter. Vanguard Group Inc. increased its stake in Nordstrom by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 11,721,257 shares of the company’s stock worth $583,835,000 after buying an additional 186,153 shares during the last quarter. Bank of Montreal Can increased its stake in Nordstrom by 29.5% in the fourth quarter. Bank of Montreal Can now owns 190,379 shares of the company’s stock worth $9,483,000 after buying an additional 43,360 shares during the last quarter. Finally, 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 worth $2,243,000 after buying an additional 2,679 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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