BMO Capital Markets set a $44.00 price target on Nordstrom, Inc. (NYSE:JWN) in a report released on Monday. The brokerage currently has a hold rating on the specialty retailer’s stock.

A number of other equities analysts also recently commented on the stock. Cowen and Company reiterated a buy rating and issued a $50.00 target price on shares of Nordstrom in a report on Friday. Bank of America Corporation reduced their target price on shares of Nordstrom from $40.00 to $35.00 and set an underperform rating for the company in a report on Friday. J P Morgan Chase & Co reiterated a sell rating and issued a $33.00 target price on shares of Nordstrom in a report on Friday. Citigroup Inc. reiterated a hold rating and issued a $43.00 target price on shares of Nordstrom in a report on Friday. Finally, Robert W. Baird reduced their target price on shares of Nordstrom from $50.00 to $43.00 and set a neutral rating for the company in a report on Friday. Five equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and seven have given a buy rating to the company’s stock. Nordstrom presently has an average rating of Hold and a consensus price target of $45.33.

Shares of Nordstrom (NYSE:JWN) traded down $1.31 during trading on Monday, reaching $38.72. 2,871,800 shares of the company’s stock were exchanged, compared to its average volume of 2,928,584. The company has a market capitalization of $6,669.00, a P/E ratio of 12.83, a PEG ratio of 2.26 and a beta of 0.84. The company has a debt-to-equity ratio of 3.14, a current ratio of 1.00 and a quick ratio of 0.30. Nordstrom has a fifty-two week low of $37.79 and a fifty-two week high of $62.82.

Nordstrom (NYSE:JWN) last announced its earnings results on Thursday, November 9th. The specialty retailer reported $0.67 EPS for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.04. The business had revenue of $3.54 billion during the quarter, compared to the consensus estimate of $3.50 billion. Nordstrom had a net margin of 3.25% and a return on equity of 67.44%. The firm’s revenue was up 2.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.84 earnings per share. equities research analysts predict that Nordstrom will post 2.95 EPS for the current year.

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Several large investors have recently made changes to their positions in JWN. Flippin Bruce & Porter Inc. lifted its holdings in Nordstrom by 46.2% in the 2nd quarter. Flippin Bruce & Porter Inc. now owns 112,227 shares of the specialty retailer’s stock valued at $5,368,000 after purchasing an additional 35,467 shares in the last quarter. Twin Capital Management Inc. lifted its holdings in Nordstrom by 17.4% in the 2nd quarter. Twin Capital Management Inc. now owns 31,360 shares of the specialty retailer’s stock valued at $1,500,000 after purchasing an additional 4,650 shares in the last quarter. Thrivent Financial For Lutherans purchased a new position in Nordstrom in the 2nd quarter valued at $202,000. Principal Financial Group Inc. lifted its holdings in Nordstrom by 168.7% in the 2nd quarter. Principal Financial Group Inc. now owns 1,831,138 shares of the specialty retailer’s stock valued at $87,584,000 after purchasing an additional 1,149,685 shares in the last quarter. Finally, Stonebridge Capital Advisors LLC lifted its holdings in Nordstrom by 5.0% in the 2nd quarter. Stonebridge Capital Advisors LLC now owns 71,988 shares of the specialty retailer’s stock valued at $3,443,000 after purchasing an additional 3,428 shares in the last quarter. Hedge funds and other institutional investors own 62.35% of the company’s stock.

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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