Nordstrom Inc. (NYSE:JWN)’s share price rose 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.

JWN has been the topic of several research reports. Credit Suisse Group AG reiterated a “hold” rating on shares of Nordstrom in a report on Saturday, May 14th. Wolfe Research downgraded shares of Nordstrom from a “market perform” rating to an “underperform” rating and decreased their price objective for the company from $43.00 to $34.00 in a report on Tuesday, May 10th. Cowen and Company restated an “outperform” rating and issued a $44.00 price target (down from $52.00) on shares of Nordstrom in a research note on Saturday, May 14th. Vetr downgraded shares of Nordstrom from a “buy” rating to a “hold” rating and set a $43.19 price target on the stock. in a research note on Monday, July 25th. Finally, Piper Jaffray Cos. upgraded shares of Nordstrom from a “neutral” rating to an “overweight” rating and upped their price target for the company from $45.00 to $53.00 in a research note on Tuesday, July 26th. Six investment analysts have rated the stock with a sell rating, nineteen have given a hold rating and eight have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $46.71.

The stock has a market cap of $7.55 billion and a P/E ratio of 15.64. The stock has a 50-day moving average price of $40.21 and a 200 day moving average price of $46.74.

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

A number of hedge funds have recently added to or reduced their stakes in the company. 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. 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. 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 worth $5,046,000 after buying an additional 9,822 shares during the last quarter. 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 worth $3,776,000 after buying an additional 10,359 shares during the last quarter. Finally, Foresters Investment Management Company Inc. increased its stake in Nordstrom by 30.0% in the fourth quarter. Foresters Investment Management Company Inc. now owns 65,000 shares of the company’s stock worth $3,238,000 after buying an additional 15,000 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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