Nordstrom (NYSE: JWN)‘s stock had its “outperform” rating restated by analysts at RBC Capital in a research report issued to clients and investors on Monday. They currently have a $62.00 price target on the stock.

Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Nordstrom in a research note to investors on Wednesday, February 27th. They now have a $55.00 price target on the stock. Separately, analysts at Deutsche Bank cut their price target on shares of Nordstrom from $60.00 to $58.00 in a research note to investors on Friday, February 22nd. They now have a “buy” rating on the stock. Finally, analysts at Citigroup raised their price target on shares of Nordstrom from $58.00 to $60.00 in a research note to investors on Friday, February 22nd. They now have a “neutral” rating on the stock.

Nine investment analysts have rated the stock with a buy rating, two have issued an overweight rating, eleven have given a hold rating, and two have assigned an underweight rating to the company. Nordstrom presently has an average rating of “overweight” and an average target price of $59.00.

Shares of Nordstrom traded down 0.61% during mid-day trading on Monday, hitting $53.74. Nordstrom has a 52 week low of $46.27 and a 52 week high of $58.44. The stock’s 50-day moving average is currently $54.97. The company has a market cap of $10.587 billion and a P/E ratio of 15.19.

Nordstrom last posted its quarterly earnings results on Thursday, February 21st. The company reported $1.40 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.34 by $0.06. The company had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.70 million. During the same quarter in the prior year, the company posted $1.11 earnings per share. The company’s quarterly revenue was up 13.5% on a year-over-year basis. Nordstrom has set its FY14 guidance at $3.65-3.80 EPS. On average, analysts predict that Nordstrom will post $3.83 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Friday, March 22nd. Investors of record on Monday, March 11th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date of this dividend is Thursday, March 7th. This is an increase from Nordstrom’s previous quarterly dividend of $0.27.

Nordstrom, Inc. is a fashion specialty retailer. The Company offers apparel, shoes, cosmetics and accessories for women, men and children.

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