Piper Jaffray Companies restated their hold rating on shares of Nordstrom, Inc. (NYSE:JWN) in a research note issued to investors on Thursday.

Several other equities research analysts also recently issued reports on the stock. ValuEngine downgraded shares of Nordstrom from a buy rating to a hold rating in a research note on Friday, September 1st. William Blair reiterated an outperform rating on shares of Nordstrom in a research note on Tuesday, September 12th. Gordon Haskett downgraded shares of Nordstrom from an accumulate rating to a hold rating in a research note on Wednesday, September 13th. Cowen and Company reiterated an outperform rating and set a $53.00 price objective (up from $49.00) on shares of Nordstrom in a research note on Wednesday, September 13th. Finally, Royal Bank Of Canada set a $45.00 price objective on shares of Nordstrom and gave the stock a hold rating in a research note on Tuesday, August 29th. Four equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $47.77.

Nordstrom (NYSE:JWN) traded up 1.01% during midday trading on Thursday, reaching $42.15. 1,777,846 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $45.11 and its 200 day moving average is $45.67. Nordstrom has a 52 week low of $39.53 and a 52 week high of $62.82. The firm has a market capitalization of $7.01 billion, a P/E ratio of 19.97 and a beta of 0.85.

Nordstrom (NYSE:JWN) last released its quarterly earnings data on Thursday, August 10th. The specialty retailer reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.03. Nordstrom had a net margin of 2.44% and a return on equity of 71.57%. The company had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.70 billion. During the same period in the previous year, the firm earned $0.67 earnings per share. Nordstrom’s revenue for the quarter was up 3.5% on a year-over-year basis. On average, analysts expect that Nordstrom will post $2.98 EPS for the current fiscal year.

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Large investors have recently modified their holdings of the business. Gemmer Asset Management LLC raised its holdings in shares of Nordstrom by 0.8% during the second quarter. Gemmer Asset Management LLC now owns 2,270 shares of the specialty retailer’s stock worth $109,000 after purchasing an additional 18 shares during the period. NEXT Financial Group Inc raised its holdings in shares of Nordstrom by 55.4% during the second quarter. NEXT Financial Group Inc now owns 2,642 shares of the specialty retailer’s stock worth $126,000 after purchasing an additional 942 shares during the period. Ameritas Investment Partners Inc. raised its holdings in shares of Nordstrom by 6,460.5% during the first quarter. Ameritas Investment Partners Inc. now owns 2,821 shares of the specialty retailer’s stock worth $131,000 after purchasing an additional 2,778 shares during the period. Sei Investments Co. raised its holdings in shares of Nordstrom by 32.0% during the second quarter. Sei Investments Co. now owns 3,177 shares of the specialty retailer’s stock worth $152,000 after purchasing an additional 771 shares during the period. Finally, Mosaic Family Wealth LLC raised its holdings in shares of Nordstrom by 8.2% during the second quarter. Mosaic Family Wealth LLC now owns 3,195 shares of the specialty retailer’s stock worth $153,000 after purchasing an additional 242 shares during the period. 63.00% of the stock is currently owned by institutional investors.

About Nordstrom

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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