J P Morgan Chase & Co restated their underweight rating on shares of Nordstrom, Inc. (NYSE:JWN) in a research report released on Friday morning. The brokerage currently has a $48.00 target price on the specialty retailer’s stock.

Several other equities analysts have also commented on JWN. BMO Capital Markets set a $48.00 target price on shares of Nordstrom and gave the company a hold rating in a report on Saturday, May 13th. Piper Jaffray Companies set a $42.00 price target on shares of Nordstrom and gave the company a hold rating in a report on Saturday, May 13th. Robert W. Baird set a $50.00 price target on shares of Nordstrom and gave the company a hold rating in a report on Saturday, May 13th. UBS Group AG reaffirmed a buy rating and set a $51.00 price target on shares of Nordstrom in a report on Monday, May 15th. Finally, Vetr raised shares of Nordstrom from a strong sell rating to a sell rating and set a $41.54 price target on the stock in a report on Tuesday, July 11th. Five equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and five have issued a buy rating to the company. The company presently has an average rating of Hold and a consensus target price of $47.23.

Shares of Nordstrom (NYSE:JWN) traded down 2.40% during mid-day trading on Friday, reaching $46.27. 1,709,111 shares of the company’s stock traded hands. Nordstrom has a 12 month low of $39.05 and a 12 month high of $62.82. The stock has a market cap of $7.68 billion, a PE ratio of 21.66 and a beta of 0.82. The firm has a 50 day moving average price of $44.16 and a 200-day moving average price of $45.73.

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A number of hedge funds have recently made changes to their positions in the stock. Parallel Advisors LLC raised its stake in shares of Nordstrom by 12.7% in the first quarter. Parallel Advisors LLC now owns 2,099 shares of the specialty retailer’s stock worth $104,000 after buying an additional 236 shares during the period. Gemmer Asset Management LLC raised its stake in shares of Nordstrom by 0.8% in the first quarter. Gemmer Asset Management LLC now owns 2,252 shares of the specialty retailer’s stock worth $105,000 after buying an additional 18 shares during the period. Ledyard National Bank raised its stake in shares of Nordstrom by 291.1% in the first quarter. Ledyard National Bank now owns 2,362 shares of the specialty retailer’s stock worth $110,000 after buying an additional 1,758 shares during the period. Advisory Services Network LLC acquired a new stake in shares of Nordstrom during the first quarter worth approximately $113,000. Finally, NEXT Financial Group Inc raised its stake in shares of Nordstrom by 55.4% in the second quarter. NEXT Financial Group Inc now owns 2,642 shares of the specialty retailer’s stock worth $126,000 after buying an additional 942 shares during the period. Institutional investors and hedge funds own 64.07% of the company’s stock.

Nordstrom Company Profile

Nordstrom, Inc is a fashion specialty retailer in the United States. The Company’s segments include Retail and Credit. As of March 20, 2017, the Company operated 344 the United States stores located in 40 states as well as an e-commerce business. The Company also offers its customers a variety of payment products and services, including credit and debit cards.

Analyst Recommendations for Nordstrom (NYSE:JWN)

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