Nordstrom Inc. (NYSE:JWN) shares fell 2.4% on Tuesday . The stock traded as low as $51.20 and last traded at $51.21, with a volume of 1,113,032 shares traded. The stock had previously closed at $52.45.

Several brokerages recently weighed in on JWN. Citigroup Inc. reiterated a “hold” rating on shares of Nordstrom in a research report on Saturday, May 14th. Sterne Agee CRT reiterated a “hold” rating on shares of Nordstrom in a research report on Saturday, May 14th. Credit Suisse Group AG reiterated a “hold” rating on shares of Nordstrom in a research report on Saturday, May 14th. Vetr upgraded Nordstrom from a “hold” rating to a “buy” rating and set a $47.50 price objective for the company in a research report on Tuesday, July 26th. Finally, Stifel Nicolaus increased their price objective on Nordstrom from $44.00 to $58.00 and gave the stock a “buy” rating in a research report on Friday, August 12th. Seven analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and eight have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $47.13.

The stock has a 50-day moving average of $46.23 and a 200 day moving average of $46.98. The company has a market capitalization of $8.78 billion and a PE ratio of 21.587.

Nordstrom (NYSE:JWN) last posted its quarterly earnings results on Thursday, August 11th. The company reported $0.67 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.11. The business had revenue of $3.65 billion for the quarter, compared to the consensus estimate of $3.67 billion. The company’s quarterly revenue was down .2% on a year-over-year basis. During the same period last year, the firm earned $0.93 earnings per share. Analysts predict that Nordstrom Inc. will post $2.73 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 13th. Investors of record on Monday, August 29th will be paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date is Thursday, August 25th.

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, approximately 167 off-price Nordstrom Rack stores, two Canada full-line stores, and HauteLook, and other retail channels, including five Trunk Club showrooms and, its two Jeffrey boutiques and one clearance store that operates under the name Last Chance.

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